A complete guide to repo, including introductions to money markets and bonds
Contains the author's personal anecdotes from trading: PRICELESS information
Cover every aspect of repo, for all participants including legal, tax, accounting and back office.
This book is the ultimate guide for bankers, repo traders and salespersons, money market participants, corporate treasurers, debt finance professionals and is organized into three parts:
Part I covers the repo instrument, and examines repo mechanics and use of repo. There is also a look at selected country repo markets around the world.
Part II of the book considers the institutional treatment of repo, with chapters on risk, netting, accounting, and legal issues. There is also a chapter on equity repo.
Part III looks at basis trading and the implied repo rate. This includes results of original research on the gilt bond basis, presented in accessible style.
'The Author writes very lucidly on fixed income issues and combines mathematics and text very effectively. I found the chapters interesting and easy to read.' Dr Stephen Satchell, University of Cambridge
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