OBR and Off leg: Difference between pages

Revision as of 15:41, 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''.
+''Repurchase agreements''
-Office for Budget Responsibility.
+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 ==
-* [[Budget]]
+* [[Far leg]]
-* [[Office for Budget Responsibility]]
+* [[Opening leg]]
+* [[Repo rate]]
+* [[Repurchase agreement]]
-[[Category:Accounting,_tax_and_regulation]]
+[http://www.treasurers.org/repos  ACT briefing note: Practical steps to investing in Repos ]
-[[Category:The_business_context]]