Near leg

From ACT Wiki
Revision as of 15:49, 25 June 2017 by imported>Doug Williamson (Link with Repurchase agreement page.)
Jump to navigationJump to search

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