Near leg and Payor: Difference between pages

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imported>Doug Williamson
(Add second definition, about repos.)
 
imported>John Grout
(To give alternative spelling payer of payor)
 
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1. ''FX swaps''
The party that issues a cheque. Sometimes spelt 'payer'.
 
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]]
* [[Cheque]] (US: check)
* [[Far leg]]
* [[Payments and payment systems]]
* [[FX swap]]
* [[Opening leg]]
* [[Swap points]]

Revision as of 17:38, 31 October 2017

The party that issues a cheque. Sometimes spelt 'payer'.


See also