Off leg: Difference between revisions
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imported>Doug Williamson (Link with Far leg page.) |
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[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 ] | ||
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Latest revision as of 17:54, 15 June 2020
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 off leg is the second trade in the repo.
It is also known as the closing, far, second, or reverse leg.
