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.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments