Near leg: Difference between revisions
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imported>Doug Williamson (Add second definition, about repos.) |
imported>Doug Williamson (Link with Repurchase agreement page.) |
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* [[FX swap]] | * [[FX swap]] | ||
* [[Opening leg]] | * [[Opening leg]] | ||
* [[Repurchase agreement]] | |||
* [[Swap points]] | * [[Swap points]] | ||
Revision as of 15:49, 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'.
