Near leg: Difference between revisions
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imported>Doug Williamson (Link with Repurchase agreement page.) |
imported>Doug Williamson (Standardise headings.) |
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1. ''FX swaps'' | 1. ''FX swaps''. | ||
In an FX swap contract, the initial exchange of currencies. | In an FX swap contract, the initial exchange of currencies. | ||
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2. ''Repurchase agreements'' | 2. ''Repurchase agreements''. | ||
In a securities repurchase agreement ('repo'), the initial exchange of securities, to be re-exchanged later in the 'closing leg' or 'far leg'. | In a securities repurchase agreement ('repo'), the initial exchange of securities, to be re-exchanged later in the 'closing leg' or 'far leg'. | ||
Revision as of 11:21, 28 November 2017
1. FX swaps.
In an FX swap contract, the initial exchange of currencies.
The currencies are re-exchanged later in the 'far leg'.
2. Repurchase agreements.
In a securities repurchase agreement ('repo'), the initial exchange of securities, to be re-exchanged later in the 'closing leg' or 'far leg'.
