Finance
Simple Access Product
July 23, 2022
Derivatives
Curve Steepener
July 23, 2022

A type of floating rate repo (variable rate repo) in which the spot/ next (S/N) index is used rather than the usual overnight index (OI). The spot/ next rate is typically set starting two days forward (in other words, it starts a day after the spot date). The contract is rolled out one further day and the corresponding rate is the spot/ next repo.

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