Repo vs Reverse Repo

[JasonPolis]

Reverse Repo is a term used when the side that usually buys in the near leg instead sells it.

The fpml:Repo type explicitly specifies the buyer and seller on both the nearLeg and farLeg.

The productType would be Repo under productTypeScheme http://www.fpml.org/coding-scheme/product-type-simple

Repo is not in ISDA’s http://www.fpml.org/coding-scheme/product-taxonomy because it’s not an Over The Counter Derivative.

Some parties want to classify this as a different product to a Repo and can do so using a bespoke scheme.

1276: Repo vs Reverse Repo

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