REPO Handbook - 1st Edition - ISBN: 9780080516127

REPO Handbook

1st Edition

eBook ISBN: 9780080516127
Imprint: Butterworth-Heinemann
Published Date: 21st May 2002
Page Count: 479
Sales tax will be calculated at check-out Price includes VAT/GST
Price includes VAT/GST
× DRM-Free

Easy - Download and start reading immediately. There’s no activation process to access eBooks; all eBooks are fully searchable, and enabled for copying, pasting, and printing.

Flexible - Read on multiple operating systems and devices. Easily read eBooks on smart phones, computers, or any eBook readers, including Kindle.

Open - Buy once, receive and download all available eBook formats, including PDF, EPUB, and Mobi (for Kindle).

Institutional Access

Secure Checkout

Personal information is secured with SSL technology.

Free Shipping

Free global shipping
No minimum order.

Table of Contents

Foreword; Preface; Repo instruments and the debt capital markets; Introduction to Repo; Market background: the bond markets I; Market background: the bond markets II; Market background: the money markets; The repo instrument; The uses and economic function of repo; Repo and structured financial products; Trading and hedging I: introduction; Trading and hedging II: asset and liability management (ALM); The United Kingdom gilt repo market; Selected Country repo markets; Institutional treatment of repo - Repo dealing risks; Accounting, tax and capital issues; Legal and documentation issues; Repo netting and electronic trading; Equity repo; Basis trading and the implied repo rate; The Government bond basis trading and the implied repo rate I; The Government bond basis, basis trading and the implied repo rate II; An introduction to fundamentals of basis trading; Appendix A: the BMA/ISMA Global master repurchase agreement; Appendix B: list of annexed to the GMRA 2000; Appendix C: buy/sell back annex; Glossary; Index.


The book features an introduction to the structure and mechanics of repo, institutional practices and real-world examples. In addition the content includes necessary supplementary material such as bank asset and liability management, trading techniques, and a range of other applications of value in the global money markets.

Repo markets play a pivotal role in the world's economy. The Repo Handbook is the definitive, comprehensive guide to this most important element of the global debt capital markets. It describes the use, motivations and mechanics of the repo instrument, and features invaluable coverage of specific country markets and institutions. The reader is taken through classic repo, sell/buy backs and structured repo, as well as additional products such as the total return swap and securities lending. As important is the treatment of related areas, such as money markets, banking asset & liability management and the implied repo rate, vital to a full understanding of repo.

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.

Key Features

  • A complete guide to repo, including introductions to money markets and bonds
  • Contains the author's personal anecdotes from trading
  • Covers every aspect of repo for all participants including legal, tax, accounting and back office


All those with an interest or involvement in repo markets, bank ALM and bond trading, including repo salespersons and traders, structured financiers, money market traders, corporate treasurers, fund managers and portfolio securities lenders. Third party vendors such as systems analysts, business analysts and management consultants will also find the book invaluable.


No. of pages:
© Butterworth-Heinemann 2002
eBook ISBN:


"A clear, thorough and accurate account of the basics and instruments of the repo market." David Franklin, Senior Repo Dealer, HBOS plc. "This book will be an excellent source for students and practitioners who want to learn more about this important market." Professor Elias Dinenis , Associate Dean, Professor of Investment and Risk Management, City University Business School. "The ultimate guide to the repo markets, covers the entire subject range from classic repo to total return swaps. The complete reference for traders, salespersons and treasurers. A brilliant achievement, and thoroughly recommended". Remi Bola, Vice President, JPMorgan Chase Bank.

Ratings and Reviews