ILAS and Near leg: Difference between pages

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'.

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-''Bank supervision - liquidity risk.''
+. ''FX swaps''.
-The former Individual Liquidity Adequacy Standards regime in the UK.
+In an FX swap contract, the initial exchange of currencies.
+The currencies are re-exchanged later in the 'far leg'.
-Superseded by the Internal Liquidity Adequacy Assessment Process (ILAAP).
+. ''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 ==
-* [[Bank supervision]]
+* [[Closing leg]]
-* [[HQLA]]
+* [[Far leg]]
-* [[Internal Liquidity Adequacy Assessment Process]]  (ILAAP)
+* [[FX swap]]
-* [[Liquidity risk]]
+* [[Opening leg]]
+* [[Repurchase agreement]]
-[[Category:Accounting,_tax_and_regulation]]
+* [[Swap points]]