Near leg

From ACT Wiki
Revision as of 11:21, 28 November 2017 by imported>Doug Williamson (Standardise headings.)
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