Reverse leg: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Source: Closing leg page.) |
(No difference)
|
Revision as of 15:40, 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 reverse leg is the second trade in the repo.
It is also known as the closing, off, far, or second leg.
