Global Repo Markets: Analysis and Strategies / Edition 1

Global Repo Markets: Analysis and Strategies / Edition 1

by Moorad Choudhry, Moorad Choudhry  , J. P. Morgan
     
 

ISBN-10: 0470821272

ISBN-13: 9780470821275

Pub. Date: 01/23/2004

Publisher: Wiley

Repo is a well-established financial instrument and a vital part of maintaining capital market liquidity and efficiency. Repo markets have experienced considerable growth in recent yeras, and repo is traded in both developed and emerging market economies. This book provides a comprehensive description, explanation and analysis of one of the most important

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Overview

Repo is a well-established financial instrument and a vital part of maintaining capital market liquidity and efficiency. Repo markets have experienced considerable growth in recent yeras, and repo is traded in both developed and emerging market economies. This book provides a comprehensive description, explanation and analysis of one of the most important instruments in the global money markets today. It includes:

  • Trade illustrations, work examples and case studies
  • Both bond repo and equity repo
  • A detailed study of the futures-bond basis and the implied repo rate
  • Market conventions, settlement, legal and accounting issues
  • The role of repo in banking asset-liability management
  • Written by an experienced repo trader, this book is vital reading for anyone with an involvement in repo and the money markets.

Product Details

ISBN-13:
9780470821275
Publisher:
Wiley
Publication date:
01/23/2004
Series:
Wiley Finance Series, #261
Pages:
300
Product dimensions:
7.28(w) x 10.33(h) x 1.14(d)

Table of Contents

Foreword.

Preface.

PART I: THE REPO INSTRUMENT AND THE DEBT CAPITAL MARKETS.

Chapter 1. Intro to Repo.

Chapter 2. Market Background: The Bond Markets.

Chapter 3. Market Background: The Markets.

Chapter 4. The Repo Instrument.

Chapter 5. Uses and Economic Functions of Repo. 

Chapter 6. Repo and Structured Financial Products.

Chapter 7. An Introduction to Money Market Trading and Hedging.

Chapter 8. An Introduction to Banking Asset and Liability Management (ALM).

Chapter 9. The United Kingdom Gilt Repo Market.

Chapter 10. Selected Country Repo Markets.

PART II: INSTITUTIONAL TREATMENT OF REPO.

Chapter 11. Repo Dealing Risk.

Chapter 12. Accounting, Tax and Capital Issues.

Chapter 13. Legal and Documentation Issues.

Chapter 14. Repo Netting and Electronic Trading.

Chapter 15. Equity Repo.

PART III: BASIC TRADING AND THE IMPLIED REPO RATE.

Chapter 16. Basic Trading and the Implied Repo Rate: Part I.

Chapter 17. Basic Trading and the Implied Repo Rate: Part II.

Chapter 18. An Introduction to the Fundamentals of Basic Trading.

Glossary.

Author Index.

Index.

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