Repurchase Agreements and Financing (FRM Part 2 2023 – Book 4 – Chapter 14)
4.9 هزار بار بازدید -
4 سال پیش
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After completing this reading, you should be able to:
- Describe the mechanics of repurchase agreements (repos) and calculate the settlement for a repo transaction.
- Discuss common motivations for entering into repos, including their use in cash management and liquidity management.
- Discuss how counterparty risk and liquidity risk can arise through the use of repo transactions.
- Assess the role of repo transactions in the collapses of Lehman Brothers and Bear Stearns during the (2007–2009) credit crisis.
- Compare the use of general and special collateral in repo transactions.
- Identify the characteristics of special spreads and explain the typical behavior of US Treasury special spreads over an auction cycle.
- Calculate the financing advantage of a bond trading special when used in a repo transaction.
AnalystPrep is a GARP-Approved Exam Preparation Provider for FRM Exams
After completing this reading, you should be able to:
- Describe the mechanics of repurchase agreements (repos) and calculate the settlement for a repo transaction.
- Discuss common motivations for entering into repos, including their use in cash management and liquidity management.
- Discuss how counterparty risk and liquidity risk can arise through the use of repo transactions.
- Assess the role of repo transactions in the collapses of Lehman Brothers and Bear Stearns during the (2007–2009) credit crisis.
- Compare the use of general and special collateral in repo transactions.
- Identify the characteristics of special spreads and explain the typical behavior of US Treasury special spreads over an auction cycle.
- Calculate the financing advantage of a bond trading special when used in a repo transaction.
4 سال پیش
در تاریخ 1399/08/13 منتشر شده
است.
4,990
بـار بازدید شده