An Introduction to Repo Markets, Third Edition (Securities Institute) Paperback – 6 Jun 2006
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From the Back Cover
“Providing a revealing insight into global repo markets and instruments, An Introduction to Repo Markets presents an accurate practitioner’s guide to a market that is often difficult to understand.” Bhavin Parmar, Equity Finance Trading
The repo markets are a vital part of the global financial system. Repo is used by virtually all market participants, as a funding and liquidity tool. The third edition of Professor Moorad Choudhry’s benchmark reference text An Introduction to Repo Markets brings readers up to date with the latest developments. It offers a detailed yet accessible and reader–friendly look at the instrument itself and its variants, and is aimed specifically at newcomers to the market or those unfamiliar with modern fixed income products. The author capitalises on his wealth of experience in the money markets to present this concise yet in–depth coverage of repo, set in the context of the financial markets as a whole.
Topics covered include:
- Repo mechanics
- Uses and applications
- Basket repo
- Synthetic repo and the total return swap
- The money market yield curve
- The Global Master Repurchase Agreement
Topics are well illustrated with Bloomberg screens, worked examples, exercises and case studies. Related issues such as financial market arithmetic are also introduced as necessary background for students and practitioners. This is essential reading for all those who require an introduction to the money markets and repo.
About the Author
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.
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Top Customer Reviews
I thought the book was confusing. The maths is simple, so it shouldn't be - but somehow he managed it.
if MC is reading this - pls recheck ur numbers on page 12 - the Buy/Sell Back example.
I was pretty much a beginner when I read it and it was simple enough to be easily understood and yet it told you pretty much all you need to know.
He could do well to explain the concepts better.
However, it is one of a small number of books on the subject so deserves some merit.
Most Recent Customer Reviews
This is an excellent book on repo. Don't be put off by the "Introduction" bit in the title, this is as advanced a book on repo as any others in the market. Read morePublished on 6 July 2000
The subject of bond markets repo is an obscure yet important one, and there are several titles around. This is by far the best, which is ironic because it's one of the cheapest. Read morePublished on 14 Dec. 1999
This author has shown an excellent inside knowledge of this subject. The author appears to have researched the repo market to such an extent that it leaves the reader without any... Read morePublished on 28 Sept. 1999