Treps in Mutual Funds

What is TREPS in Mutual Funds? Financial institutions, banks, mutual funds, etc. borrow and lend money without taking any risks in exchange for government-issued securities through Tri-party Repos (TREPs).  A tri-party lending system called TREPs was introduced on November 5, 2018, and it consists of a borrower, a lender, and a tri-party agent. The tri-party