Repos have been around for 80 years, so why are more and more people in the market using repos today? Tackling the risks and applications of this dynamic market, Steiner provides an in-depth look at the history and opportunities of Repos.
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Repos have been around for 80 years, so why are more and more people in the market using repos today? Tackling the risks and applications of this dynamic market, Steiner provides an in-depth look at the history and opportunities of Repos.
Read Less
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Seller's Description:
Very good. Derivatives markets ACI exams counterparty credit risk risk-management valuation calculations capital adequacy treatment Domestic and international repo markets have grown dramatically over the last few years. This is because of an increasing need to be able to take and hedge short positions in the capital and derivatives markets; growing concern over counterparty credit risk; and the favorable capital adequacy treatment given to repos. Most important of all is the growing awareness among market participants of the flexibility of repos and wide range of markets and circumstances in which they can be of benefit. Mastering Repo Markets is the most-up-to-date practical primer in the professional markets, focusing on the instruments, applications and risk-management techniques essential for success in this rapidly growing, fast evolving market. A fully international, interactive book, it addresses market conditions, product characteristics, pricing and valuation calculations, trading strategies and risk management. The only book covering these markets in this way, Mastering Repo Markets contains worked examples and exercises throughout, practice drills which reflect the style of the ACI exams, plus a complete practice examination paper. The most up-to-date practical primer in the professional markets. Synopsis Domestic and international repo markets have grown dramatically over the last few years. This is because of an increasing need to be able to take and hedge short positions in the capital and derivatives markets; growing concern over counterparty credit risk; and the favorable capital adequacy treatment given to repos. Most important of all is the growing awareness among market participants of the flexibility of repos and wide range of markets and circumstances in which they can be of benefit. "Mastering Repo Markets" is the most-up-to-date practical primer in the professional markets, focusing on the instruments, applications and risk-management techniques essential for success in this rapidly growing, fast evolving market. A fully international, interactive book, it addresses market conditions, product characteristics, pricing and valuation calculations, trading strategies and risk management. The only book covering these markets in this way, "Mastering Repo Markets" contains worked examples and exercises throughout, practice drills which reflect the style of the ACI exams, plus a complete practice examination paper. Mastering Repo Markets A Step-By-Step Guide to the Products, Applications and Risks Bob Steiner.
