- Hardcover: 578 pages
- Publisher: Butterworth-Heinemann; 2 edition (1 July 2010)
- Language: English
- ISBN-10: 0750681594
- ISBN-13: 978-0750681599
- Product Dimensions: 15.6 x 3.2 x 23.4 cm
- Average Customer Review: 3.0 out of 5 stars See all reviews (2 customer reviews)
- Amazon Bestsellers Rank: 702,862 in Books (See Top 100 in Books)
The REPO Handbook (Securities Institute Global Capital Markets) Hardcover – 1 Jul 2010
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More About the Author
Moorad is a Professor at the Department of Mathematical Sciences, Brunel University, and an Honorary Professor at the University of Kent. His academic interests also include being a Visiting Teaching Fellow at Birkbeck, University of London and on the Board of Governors of IFS-University College.
After his family, Moorad's loves include AFC Wimbledon and Surrey County Cricket Club. The Members Dining Room at the Oval, home of Surrey CCC, ranks as amongst the most civilised places he has ever been to - along with the garden overlooking the Surrey Hills at Polesden Lacey National Trust property.
Moorad was born in Bangladesh and moved to Surrey, England when he was 8 years old.
"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 the Author
Moorad Choudhry is Head of Treasury at KBC Financial Products (UK) Limited in London. Previously he worked in structured finance at JPMorgan Chase Bank, and as a sterling bond trader at ABN Amro Hoare Govett Limited and Hambros Bank Limited. Dr Choudhry is a Visiting Professor at the Department of Economics, London Metropolitan University, and a Senior Fellow at the Centre for Mathematical Trading and Finance, CASS Business School. He is also a Fellow of the Securities Institute.
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Top Customer Reviews
This is a very useful book for anyone who either deals in secured funding and repo or is a otherwise involved in its settlement or documentation. It is written in clear and accessible style and as well as a detailed description of the product it has case studies and worked examples that show how repo works. A real highlight of the book is the placing of repo in the context of wider financial markets and bank ALM, which was a real help to me. Another highlight is the in-depth coverage of material I couldnt find anywhere else, on repo and basis trading, and the repo legal agreement GMRA. Highly recommended for anyone who needs to know about Repo, collateral management and secured funding.
I wonder if the editor of this book has ever managed to pass school leaving certificate on elementary maths.
Most Helpful Customer Reviews on Amazon.com (beta)
How can one profitably trade from repo, i.e. know what assets will trade 'special'? After all, repo existed well before the GFC but to understand how to make real money from this market does not come down to simply working with your central bank. For this reason I needed to know more, and it is always best to ask someone who has worked in this market.
I have read Moorad Choudhry's "Bond and Money Markets" and "Bank Asset Liability Management" books (both of which I highly recommend), so knowing his experience and clear explanations, with real market examples (i.e. there are a lot of bloomberg screen dumps in all his books) made it an easy choice to purchase this repo book over others.
The "Repo Handbook" starts with a market background of bonds and money markets and evolves into the functions of repo, covering trading, hedging and it's involvement with ALM. I personally prefer the trading examples as I feel one can understand Repo's uses as a market, rather than just reading a few formulas.
Once again Choudhry has written a very practical and essential book for today's market.