Military-industrial complex and Off leg: Difference between pages
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''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. | |||
== See also == | |||
* [[Opening leg]] | |||
* [[Repo rate]] | |||
* [[Repurchase agreement]] | |||
[http://www.treasurers.org/repos ACT briefing note: Practical steps to investing in Repos ] |
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.