Second leg: Difference between revisions
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imported>Doug Williamson (Create page. Source: Closing leg page.) |
imported>Doug Williamson (Classify page.) |
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[http://www.treasurers.org/repos ACT briefing note: Practical steps to investing in Repos ] | ==Other resource== | ||
*[http://www.treasurers.org/repos ACT briefing note: Practical steps to investing in Repos ] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 09:05, 2 July 2022
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 second leg is the second trade in the repo.
It is also known as the closing, off, far, or reverse leg.
See also
