First in first out and First leg: Difference between pages

Revision as of 15:53, 25 June 2017

Repurchase agreements

A securities repurchase agreement ('repo') involves a pair of trades with the same counterparty in the same security.

The second trade reverses the initial sale and purchase, but at a later date and different price.

The first leg is the first trade in the repo.

It is also known as the opening, starting, near, or onside leg.

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-(FIFO).
+''Repurchase agreements''
-''Accounting - inventory.''
+A securities repurchase agreement ('repo') involves a pair of trades with the same counterparty in the same security.
-A method of allocating inventory for valuation purposes which assumes that the inventory acquired or produced first is used first.
+The second trade reverses the initial sale and purchase, but at a later date and different price.
+The first leg is the first trade in the repo.
+It is also known as the opening, starting, near, or onside leg.
 == See also ==
-* [[Inventory]]
+* [[Closing leg]]
-* [[Last in first out]]
+* [[Near leg]]
-* [[Stock]]
+* [[Repo rate]]
-* [[Weighted average cost]]
+* [[Repurchase agreement]]
-[[Category:Accounting,_tax_and_regulation]]
+[http://www.treasurers.org/repos  ACT briefing note: Practical steps to investing in Repos ]
-[[Category:Liquidity_management]]