Spear phishing and Starting leg: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
(Create page. Source: UK Money Markets Code April 2017: http://www.bankofengland.co.uk/markets/Documents/money/code/ukmoneymarketscode.pdf)
 
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''Cybercrime''.
''Repurchase agreements''


Spear phishing is a variant on the 'phishing' email-based fraud.
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.


In spear phishing, the fraudsters send emails purporting to be from a trusted individual or organisation already known to the victim or the victim's employer.


The fraudsters often aim to induce the victim to reveal confidential company data, enabling further more aggressive stages of cyber attack on the company.
The starting leg is the first trade in the repo.


It is also known as the opening, first, near, or onside leg.


The name 'spear phishing' is a grim joke variant on 'spear fishing'.


== See also ==
* [[Closing leg]]
* [[Near leg]]
* [[Repo rate]]
* [[Repurchase agreement]]


== See also ==
 
* [[BEC]]
[http://www.treasurers.org/repos  ACT briefing note: Practical steps to investing in Repos ]
* [[Cybercrime]]
* [[Cybercrime – A Threat And An Opportunity]]
* [[Cyber attack]]
* [[DDoS]]
* [[Hacktivist]]
* [[Internet]]
* [[Phishing]]
* [[Social engineering]]
* [[Whaling]]

Revision as of 15:52, 25 June 2017

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 starting leg is the first trade in the repo.

It is also known as the opening, first, near, or onside leg.


See also


ACT briefing note: Practical steps to investing in Repos