Convertibles and Near leg: Difference between pages
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1. | 1. ''FX swaps''. | ||
In an FX swap contract, the initial exchange of currencies. | |||
The currencies are re-exchanged later in the 'far leg'. | |||
2. ''Repurchase agreements''. | |||
In a securities repurchase agreement ('repo'), the initial exchange of securities, to be re-exchanged later in the 'closing leg' or 'far leg'. | |||
== See also == | == See also == | ||
* [[ | * [[Closing leg]] | ||
* [[ | * [[Far leg]] | ||
* [[FX swap]] | |||
[[ | * [[Opening leg]] | ||
* [[Repurchase agreement]] | |||
* [[Swap points]] | |||
Revision as of 11:21, 28 November 2017
1. FX swaps.
In an FX swap contract, the initial exchange of currencies.
The currencies are re-exchanged later in the 'far leg'.
2. Repurchase agreements.
In a securities repurchase agreement ('repo'), the initial exchange of securities, to be re-exchanged later in the 'closing leg' or 'far leg'.
