A repurchase agreement is not a derivative security. The correct answer is D.
A financial instrument whose value is based on the cost of another asset is referred to as a derivative security. Futures, forwards, alternatives, and swaps are the four main categories of derivatives. A convertible bond is an illustration of a by-product protection.
A protection with a rate that is based on or derived from one or more underlying properties is known as a spinoff. An arrangement between two or more parties that is based primarily on the asset or property is called a spinoff. Its price is determined by changes in the value of the underlying asset.
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