Near leg: Difference between revisions
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imported>Doug Williamson (Link with Closing leg and Opening leg pages.) |
imported>Doug Williamson (Add second definition, about repos.) |
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1. ''FX swaps'' | |||
In an FX swap contract, the initial exchange of currencies. | 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'. | |||
Revision as of 15:46, 25 June 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'.
