Brexit and Far leg: Difference between pages

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The term 'Brexit' is a combination of '''BR'''itain and '''EXIT''', meaning the exit of the United Kingdom (UK) from the European Union (EU).
In an FX swap contract, the later re-exchange of the two currencies in the contract.
 
 
A referendum on the issue was held in the UK on 23 June 2016.
 
The result of the referendum was to advise the UK Government to begin the process of the UK leaving the EU.
 
 
Depending on the context, 'Brexit' may refer to any or all of:
 
#The decision for the UK to leave the EU.
#The exit itself.
#The consequences, and potential consequences, both of the decision and of the exit itself.


(Following the initial exchange of the same currencies and related amounts in the opposite direction, in the 'near leg').


== See also ==
== See also ==
* [[European Economic Area]]
* [[FX swap]]
* [[European Union]]
* [[Near leg]]
* [[Frexit]]
* [[Swap points]]
* [[Grexit]]
* [[Hard Brexit]]
* [[Schengen Area]]
* [[United Kingdom]]
 
 
=== Other links ===
[http://www.treasurers.org/technical ACT Technical Guidance and Comment]
 
[http://www.treasurers.org/node/326161 Brexit Painting by Numbers August 2016]
 
[http://www.treasurers.org/node/324106 Brexit - 'T plus 7 days']
 
[http://www.treasurers.org/brexit Brexit - keep calm and make a plan]
 
[https://www.treasurers.org/brexit-briefing Brexit: a treasurer's checklist]
 
[http://www.treasurers.org/node/322569 Brexit - "T minus 7 days"]
 
[https://blogs.treasurers.org/?p=313877 Stephen Baseby's ACT blog: Brexit: will we, won't we; and what would it mean?]
 
[https://www.treasurers.org/node/318447 Further resources]

Revision as of 21:38, 25 August 2013

In an FX swap contract, the later re-exchange of the two currencies in the contract.

(Following the initial exchange of the same currencies and related amounts in the opposite direction, in the 'near leg').

See also