Back Before the Spend Date: Reverse Repo Cash Sleeve

The decision is whether the cash tool you chose, including a reverse repo, returns the money by the spend date you already wrote. This page does not quote a repo rate. Naming the spend date is the low-rate sleeve page. Do not use this page to pick a rate.

Updated October 14, 2026.

Tenor against the date

Write the spend date. Then write the tool's tenor and the day the cash is available again, from the product page or the broker's rule you are using. The tool passes only if that day is on or before the spend date.

A higher rate on a longer tenor fails when the longer tenor misses the date. Do not average the two rates and call the average a reason to lock the cash.

Also write what happens if you need the cash early. If the product page says you cannot exit, believe that sentence. An article cannot create an early exit the product does not offer.

This is not a China public-fund prospectus question unless the tool you chose is in fact such a fund. If it is a fund, read the redemption clause in the fund contract. See the sales-institution measures. If it is a reverse repo at a broker, use that broker's rule, not a fund prospectus.

FAQ

Which tenor is best?

The tenor that finishes on time. There is no best rate on this page.

Can I roll the repo until a better rate appears?

Only if every roll still finishes by the spend date. A roll that crosses the date fails even if the rate rose.

Is a money-market fund the same as a reverse repo?

No. Each has its own exit rule. Write the rule of the one you hold. Do not copy the other product's timing.

Last reviewed

October 14, 2026.