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Risk Management
Total risk management is the combination of all the elements of risk management into a consistent strategy...
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Training - Finance Courses
Introduction to Repo Markets
1. Course Overview
This one-day programme has been specifically designed for
delegates who need an understanding of the structure and
operation of Repo markets and an appreciation of the major
instruments traded on those markets. The programme will be
practical and will make use of spreadsheets and the Academy's
Bloomberg Terminals™.
The programme will provide a comprehensive background to the
reasons and application of the Repo Market. Delegates will be
guided through the liquidity process, leverage possibilities
and pricing mechanics combined with the legal implications of
where the credit risk resides. Financing of investment trading
positions through the Repo process is a key liquidity driver
for banks and hedge funds and a revenue producer for the Fund
Management Business.
2. Who will gain from the course
The course is ideally suited to both graduates and
non-graduates recently joining the financial services industry.
Most participants will be graduates and could be employed
within banks, fund managers, hedge funds and corporates. The
course is relevant to those with jobs in both the front and
back office.
3. Prerequisite Knowledge Required
None
4. Structure of the Course
Topics will include:
- The role and purpose of Repo markets
- Clean and Dirty Prices
- Calculation of Repo (with Bloomberg examples)
- Available Repo Instruments
- Definition of 'Haircut' (margin taken subject to asset
credit quality and liquidity)
- Legal ramifications
- Gearing possibilities
- Tenor of Repo market
- How quoted and traded
- Major participants.
5. Course Delivery
Teaching will take place in dedicated seminar rooms, IT labs
and the Bloomberg Research and Trading Room. Courses will
normally be delivered to small groups of up to 15 participants
to facilitate learning.
6. Benefits
This course will extend your knowledge and introduce you to
some fundamental tools so that you will be able to:
- Understand how and why Repo's are used
- Understand the rationale behind the major Repo instruments
traded in today's global markets
- Appreciate the linkages between financial market returns and
the Repo process
- Appreciate the institutional background and liquidity of
financial markets
- Perform basic financial market calculations
- Construct simple Repo strategies.
Duration: 1 day
Price: £495 |
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