Moisture-associated skin damage (MASD) is the general term for inflammation or skin erosion caused by prolonged exposure to a source of moisture such as urine, stool, sweat, wound drainage, saliva, or mucus.
The tri-party repo market is one where securities dealers fund their portfolio of securities through repurchase agreements, or repos. A repo is a financial transaction in which one party sells an asset to another party with a promise to repurchase the asset at a pre-specified later date.
This new market, envisioned to reach a scale of 20 trillion to 30 trillion yen, could cause structural change. 1  The coming watershed in repo trading is an opportunity to create a new repo market. 2  With the advent of this new system, a same-day settlement market will emerge in.