Moorad Choudhry

An Introduction to Repo Markets (eBook, PDF)

• Format: PDF

Produktbeschreibung

The Repo markets have grown dramatically in the past few years because of the need to hedge short positions in the capital and derivatives markets. Virtually all major currency markets in the world now have an established repo market, the facility is also increasingly being used in developing currency markets as well. This book is a practical introduction that focuses on the instruments, applications and risk management techniques essential for this rapidly evolving market. Fully updated to reflect the changes in these markets, the book also includes worked examples and case studies, and new sections on basket and structured finance repo.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 224
• Erscheinungstermin: 11. Januar 2007
• Englisch
• ISBN-13: 9780470033784
• Artikelnr.: 37289707

Autorenporträt

Dr Moorad Choudhry is Head of Treasury at KBC Financial Products in London. He is a Visiting Professor at the Department of Economics, London Metropolitan University, a Visiting Research Fellow at the ICMA Centre, University of Reading, a Senior Fellow at the Centre for Mathematical Trading and Finance, Cass Business School, and a Fellow of the Securities and Investment Institute.

Inhaltsangabe

Foreword. Preface. Preface to First Edition. About the author. 1.
INTRODUCTION TO REPO. 2. MARKET BACKGROUND. 3. THE MECHANICS OF REPO. 4.
BASKET REPO, SYNTHETIC REPO AND STRUCTURED FINANCE REPO. 5. THE UK GILT
REPO MARKET. 6. OVERVIEW OF REPO TRADING AND THE FUTURES CONTRACT IMPLIED
REPO RATE. 7. REPO AND THE YIELD CURVE. 8. THE GLOBAL MASTER REPURCHASE
AGREEMENT. 9. ACCOUNTING, TAX AND REGULATORY CAPITAL ISSUES IN REPO.
Exercises. Answers to exercises. Case study: ABC Bank plc. Glossary.
Appendix A: Duration. Appendix B: Basis Trading and the CTD Bond. Appendix
C: Volatility. Abbreviations. Index.