Treasury Deposits and the E-Learning Funds are authorized to be invested only in Reverse Repurchase Agreement.

A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is the sale of securities together with an agreement for the seller to buy back the securities at a later date. The repurchase price is greater than the original sale price, the difference effectively representing interest, sometimes called the repo rate.

When viewed from the perspective of the supplier of the funds: the supplier of funds or investor or the lender (AGD) buys Government securities from a dealer in Government securities (or the borrower or the seller) with the contract agreement that the dealer will repurchase the securities at a specific date in the future at a higher price.