Far leg: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Added 1 line space before see also) |
imported>Doug Williamson (Standardise heading layout.) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
1. ''FX swaps''. | |||
In an FX swap contract, the later re-exchange of the two currencies in the contract. | In an FX swap contract, the later re-exchange of the two currencies in the contract. | ||
This follows the initial exchange of the same currencies and related amounts in the opposite direction, in the 'near leg'. | |||
2. ''Repurchase agreements''. | |||
In a securities repurchase agreement ('repo'), the second exchange (re-exchange) of securities, previously exchanged in the 'opening leg' or 'near leg'. | |||
== See also == | == See also == | ||
* [[Closing leg]] | |||
* [[FX swap]] | * [[FX swap]] | ||
* [[Near leg]] | * [[Near leg]] | ||
* [[Opening leg]] | |||
* [[Repurchase agreement]] | |||
* [[Swap points]] | * [[Swap points]] | ||
[[Category:Manage_risks]] | |||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Latest revision as of 11:21, 28 November 2017
1. FX swaps.
In an FX swap contract, the later re-exchange of the two currencies in the contract.
This follows the initial exchange of the same currencies and related amounts in the opposite direction, in the 'near leg'.
2. Repurchase agreements.
In a securities repurchase agreement ('repo'), the second exchange (re-exchange) of securities, previously exchanged in the 'opening leg' or 'near leg'.
