Repo and the Global Master Repurchase Agreement 2011

Risk Management

Derivatives Documentation Limited
Gain an understanding of the newest repo master agreement in the European market through this 1 day in-depth training course.
Ernst van den Broek will provide delegates with an introduction on the repo market, the types of products traded and the legal and risk issues which affect repos. He then covers all the provisions of the GMRA 2011 thoroughly as well as outlining the differences between it and the GMRA 2000.
At the end of the day there is a practical negotiation exercise which gives you an opportunity to apply the knowledge learnt during the course.
Related Jobs or Careers: Repo master agreement negotiators, GMRA negotiators
This is primarily ilt training
Course Level:introductory
Duration:1 days
Training Presented in:English
Training Provided by Derivatives Documentation Limited
Repo and the Global Master Repurchase Agreement 2011
9. 00am to 5. 30pm
Introduction and Welcome
Key Session: The nature of and types of repo
- What is a repo?
- How do they work?
- Types of repo.
Typical Repo Uses
- From the Seller's viewpoint
- From the Buyer's viewpoint
- Use by Central Banks.
Difference between repos and buy/ sellbacks.
Risks with repos
- Counterparty Risk
- Issuer Risk
- Market Risk
- Operational Risk
- Legal Risk
Key Session: Legal issues affecting repos
- Nature of the transaction
- Ownership of the securities
- Drawbacks of recharacterisation as a secured loan
- English law legal opinion by Richard Sykes QC
- ICMA legal opinions.
Key Session: Repo Documentation
- History of the GMRA 2011
- Comparison between the GMRA 2000 and GMRA 2011
- Paragraph by paragraph analysis of the GMRA 2011
Key Session: Practical negotiation exercise
About The Training Provider: Derivatives Documentation Limited
Derivatives Documentation Limited - Derivatives Documentation Limited ("DDL") is a long established training and consultancy company in London which specialises in OTC derivatives and securities documentation. DDL provides public, online and in-house training on the legal master agreement and confirmation documentation used for OTC derivatives, repos and securities lending. Our public training courses predominantly take place in...
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