Book description
Repo, from sale and repurchase agreement, is one for the oldest and
widely used instruments in global capital markets. It is a vital
ingredient in the smooth and efficient running of the financial markets,
and is used by all market participants including central banks,
commercial banks, fund managers and corporates.
This book is a comprehensive, detailed and authoritative description
of the repo instrument. Written by a former repo trader, it covers
applications and analysis of the various different instruments used in
the repo markets. It also places the repo markets in the overall
context of the money markets and banking asset-liability management.
Moorad Choudhry is Head of Treasury at KBC
Financial Products in London. He previously worked as a government
bond trader at ABN Amro Hoare Govett Limited and Hambros Bank Limited,
and in structured finance services at JPMorgan Chase Bank.
Dr. Choudhry is a Visiting Professor at the Department of Economics,
London Metropolitan University, and a Fellow of the Securities
Institute in the City of London. He is co-author with Professor Frank
Fabozzi of The Global Money Markets
