FpML Discussion


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  • #25657

    In the fpml repo model, how do we distinguish between a repo and a reverse repo trade. what would be the ISDA product type for Repo and Reverse repo


    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

    Repo is not in ISDA’s 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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