Second leg
From ACT Wiki
Jump to navigationJump to search
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
