Repo Market

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.

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