Liquidity Facility in Euros and Off leg: Difference between pages

Revision as of 15:37, 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 off leg is the second trade in the repo.

It is also known as the closing, far, second, or reverse leg.

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-''UK central bank oversight - Bank of England - Operational Standing Facilities.''
+''Repurchase agreements''
-(LiFE).
+A securities repurchase agreement ('repo') involves a pair of trades with the same counterparty in the same security.
-The Bank of England's LiFE operations offer one-week repo liquidity support in Euro.
+The second trade reverses the initial sale and purchase, but at a later date and different price.
-==See also==
+The off leg is the second trade in the repo.
-*[[Asset Purchase Facility]] (APF)
-*[[Bank of England]]
-*[[Contingent Term Repo Facility]] (CTRF)
-*[[Discount Window Facility]] (DWF)
-*[[Facility]]
-*[[Indexed Long-Term Repo operations]] (ILTR)
-*[[Liquidity insurance]]
-*[[Monetary policy]]
-*[[Money market]]
-*[[Operational Standing Facilities]]
-*[[Repo]]
-*[[Sterling]]
-*[[Sterling Monetary Framework]] (SMF)
-*[[Term Funding Scheme with additional incentives for SMEs]] (TFSME)
-*[[US Dollar Repo]]
-[[Category:Accounting,_tax_and_regulation]]
+It is also known as the closing, far, second, or reverse leg.
-[[Category:The_business_context]]
-[[Category:Identify_and_assess_risks]]
-[[Category:Manage_risks]]
+== See also ==
-[[Category:Risk_frameworks]]
+* [[Opening leg]]
-[[Category:Cash_management]]
+* [[Repo rate]]
-[[Category:Financial_products_and_markets]]
+* [[Repurchase agreement]]
-[[Category:Liquidity_management]]
+[http://www.treasurers.org/repos  ACT briefing note: Practical steps to investing in Repos ]