Tom 1M definition

Tom 1M means the term of a Repo transaction, of which the date for the Front Leg is identical with the date on which the transaction is concluded with the addition of one trading day and of which the date for the Term Leg is one month (1M) after the Front Leg on the same calendar day. If the end date so determined is not a trading day, the next possible trading day shall principally be the end date; in this respect, however, with the exception that the number of the counted months with the designated term must be adhered to. In this exceptional case, the first trading day preceding the determined calendar day will be the end date.
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Tom 1M means the term of a Repo transaction, of which the date for the Front Leg is identical with the date on which the transaction is concluded with the addition of one trading day and of which the date for the Term Leg is one month (1M) after the Front Leg
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Related to Tom 1M

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