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The Repo Handbook Summary

The Repo Handbook by Moorad Choudhry (Chief Executive Officer, Habib Bank Zurich PLC and Visiting Professor at the Department of Mathematical Sciences, Brunel University.)

The Repo Handbook, Second Edition presents an overview of repo vehicles and markets with sufficient depth for those seeking detailed explanations. In three parts it demonstrates how these secured loans fit into global capital markets and why they account for up to 50% of daily settlement activity in non-US government bonds worldwide. This new edition replaces old examples and introduces new developments, such as structured finance repo and associated topics such as Basel II regulatory rules. In addition, 12 of 18 chapters feature new sections and 4 have been substantially rewritten. The UK gilt and US Treasury repo markets are explored through worked examples, and there are new sections on funding arbitrage trades, risk exposures, and regulatory capital. It also places repo in context within bank asset-liability management and trading techniques, illustrating repo use across a wide range of applications in the global money markets. Rarely mentioned in the financial press because of the simple, straightforward nature of the instrument, repo was often the only funding source available to banks during the last quarter of 2008 and the first in 2009. This book, written by a trader, will draw new attention to this valuable and efficient funding and investment product.

The Repo Handbook Reviews

The most authoritative source on the repo market. Other texts I have seen totally lack Professor Choudhry's clarity of exposure and really important taste for technical detail. --Matteo Regesta, Interest Rate Strategist, BNP Paribas, London

About Moorad Choudhry (Chief Executive Officer, Habib Bank Zurich PLC and Visiting Professor at the Department of Mathematical Sciences, Brunel University.)

Moorad Choudhry is Chief Executive Officer, Habib Bank Zurich PLC in London, and Visiting Professor at the Department of Mathematical Sciences, Brunel University. Previously he was Head of Treasury of the Corporate Banking Division, Royal Bank of Scotland. Prior to joining RBS, he was a bond trader and structured finance repo trader at KBC Financial Products, ABN Amro Hoare Govett Limited and Hambros Bank Limited. He has a PhD from Birkbeck, University of London and an MBA from Henley Business School. Moorad lives in Surrey, England.

Table of Contents

Part I Repo and the debt capital markets1. Intro to repo2. Market background: Bond markets I3. Market background: Bond markets II4 .Money markets5. The repo instrument6. Uses and economic functions7. Structured repo and the Total Return Swap8. Trading and Hedging9. ALM10. Gilt and US Treasury repo Part II The treatment of repo11. Risk12. Accounting, Tax and Capital13. Legal14. Netting15. Equity repo Part III The government bond futures contract, the cheapest-to-deliver, basis trading and the implied repo rate16. The Bond Basis I17. The Bond Basis II18. The Bond Basis III

Additional information

NLS9780080974682
9780080974682
0080974686
The Repo Handbook by Moorad Choudhry (Chief Executive Officer, Habib Bank Zurich PLC and Visiting Professor at the Department of Mathematical Sciences, Brunel University.)
New
Paperback
Elsevier Science & Technology
2000-08-24
576
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - The Repo Handbook