Glossary entry

English term or phrase:

Leg

Arabic translation:

مرحلة/ جزء

Added to glossary by Seham Ebied
Jun 2, 2014 11:56
9 yrs ago
6 viewers *
English term

Leg

English to Arabic Bus/Financial Business/Commerce (general) Second Leg Date
When a member does REPO , then he gets cash by lending his securities right. This movement of cash and securities happens on First Leg Settlement date - normally on the day of REPO. During REPO, member specify the tenure (No of days need for him to repurchase his securities by giving back the money with interest to central bank) based on the tenure, the second leg settlement date is being calculated by system and during that date money is being debited from member account to central bank
Change log

Mar 11, 2015 09:04: Seham Ebied Created KOG entry

Proposed translations

+1
27 mins
Selected

مرحلة/ جزء

Peer comment(s):

agree Samar Higazi
22 hrs
Thank you Samar
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4 KudoZ points awarded for this answer.
3 days 22 hrs

قائمة / طرف

Hi there,
Legs here mean the two legs of Equity swap
http://en.wikipedia.org/wiki/Equity_swap

so the First Leg Settlement date means موعد تسوية القائمة/الطرف الأول في عملية تبادل حقوق الملكية or whatever u see best in the light of the whole text and the targeted reader.

and second leg settlement date can be rendered in the same way
موعد تسوية القائمة/الطرف الثاني المقابل في عملية تبادل حقوق الملكية

GL
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