Mastering Repos Markets: A Step-By-Step Guide to the Products, Applications, and Risks - Softcover

Steiner, Bob

Softcover

ISBN 10: 0273625896 ISBN 13: 9780273625896

Publisher: Ft Pr, 1996

Synopsis

Domestic and international repo markets have grown dramatically over the last few years.  This is because of an increasing need to be able to take and hedge short positions in the capital and derivatives markets; growing concern over counterparty credit risk; and the favorable capital adequacy treatment given to repos.  Most important of all is the growing awareness among market participants of the flexibility of repos and wide range of markets and circumstances in which they can be of benefit. Mastering Repo Markets is the most-up-to-date practical primer in the professional markets, focusing on the instruments, applications and risk-management techniques essential for success in this rapidly growing, fast evolving market.  A fully international, interactive book, it addresses market conditions, product characteristics, pricing and valuation calculations, trading strategies and risk management. The only book covering these markets in this way, Mastering Repo Markets contains worked examples and exercises throughout, practice drills which reflect the style of the ACI exams, plus a complete practice examination paper.

About this title

About the Author

Robert Steiner is Managing Director of Markets International, Ltd., an independent company specializing in international financial training, and in consulting on foreign exchange with finance directors and treasurers of international companies. He is also author of Mastering Financial Calculations.

From the Back Cover

The complete, practical primer on repos for every financial professional.

• Classic repos, buy/sell-back repos, securities lending, and more.
• Repo users, applications, and key market developments.
• Repo markets in the U.S., France, UK, Germany, Belgium, Spain, Italy, and Japan.

Domestic and international repo markets have grown dramatically over the past few years, for several reasons: a greater need to take and hedge short positions in the capital and derivative markets; growing concern over counterparty credit risk; and the favorable capital adequacy treatment given to repos. Most important, the markets are increasingly aware of the flexibility repos provide, and the wide range of applications where they can be of benefit. Mastering Repo Markets is the practical, up-to-date, complete guide to repos: the instruments, applications, and risk management techniques every practitioner must understand in order to succeed.

Fully international and interactive, the book addresses market conditions, product characteristics, pricing and valuation calculations, trading strategies, risk management, and more. It contains worked examples and exercises throughout, real-world practice drills, and more. For every financial professional, newcomers and seasoned professionals alike.

Edition details

• Publisher: Ft Pr
• Publication date: 1996
• Language: English
• ISBN 10: 0273625896
• ISBN 13: 9780273625896
• Binding: Paperback
• Edition number: 1
• Number of pages: 320