Repurchase agreements (“repos”) today are an essential component of financial markets. Many “sellers” use repos as an alternative to holding cash in the bank, while “buyers” see repos as fully collateralised loans that are low risk and an interesting source of revenue. This course examines numerous aspects of repos and the international repo market.
Forms of securities financing
Origin and development of repos
Basic characteristics of repos
Uses for repos
Types of repos
Collateral requirements for repos
Legal documentation for repos
Risks of repos
1 day for up to 12 participants
Financial service professionals who want to have a good understanding of repurchase agreements.