Closing leg: Difference between revisions
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imported>Doug Williamson (Link with Far leg page.) |
imported>Doug Williamson (Classify page.) |
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''Repurchase agreements'' | ''Repurchase agreements''. | ||
A securities repurchase agreement ('repo') involves a pair of trades with the same counterparty in the same security. | A securities repurchase agreement ('repo') involves a pair of trades with the same counterparty in the same security. | ||
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* [[Repurchase agreement]] | * [[Repurchase agreement]] | ||
==Other resource== | |||
[http://www.treasurers.org/repos ACT briefing note: Practical steps to investing in Repos ] | [http://www.treasurers.org/repos ACT briefing note: Practical steps to investing in Repos ] | ||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 19:11, 27 June 2022
Repurchase agreements.
A securities repurchase agreement ('repo') involves a pair of trades with the same counterparty in the same security.
The second trade reverses the initial sale and purchase, but at a later date and different price.
The closing leg is the second trade in the repo.
It is also known as the off, far, second, or reverse leg.
See also
