Description
This course is designed to cover the fundamentals of the repo product, discuss the reasons why it is the core-funding tool in major financial markets, and how they are quoted in the market. It will also illustrate the economic and operational characteristics of a repo transaction.
Course Details
Upon successful completion of this course, participants will be able to:
- Understand the repo market, its main players and types of transactions
- Recognise the cash flows associated with different repo transactions
- Identify and assess the risks arising from using repo and how to minimise the exposure to those risks
- Know how repos are quoted
- Understand initial margin and margin maintenance
- Define general collateral (GC) and specials
- Introduction to repo market participants
- Types of repo
- The mechanics of repo agreements
- Cash flows in repo transactions
- Classic repo
- Sell/buy repo
- Initial consideration, maturity consideration and repo interest
- Variation margin
Repo traders, money market traders, risk managers, settlement and operations personnel, and auditors.
Participants are expected to have a considerable background in fundamental mathematics and working experience in 1 to 3 years in Treasury Department.
This course consists of lectures, discussions, in-class exercises and multiple-choice questions. Participants are also expected to complete an additional 5 hours of self-study.
Note: This course is assessed
Duration: 2 Days (5 hours per day) with the assessment on the final day
Date: 17-18 May
Lecturers: BIBF Faculty
Fees: Member Organisations
- GCC Nationals: Covered by Levy
- Other Nationalities: BHD 50
Fees: Non-Member Organisations
- All Nationalities: BHD 200
Financial Calculators are recommended for this course.