Description
Book SynopsisRepo and stock lending are now global markets, covering a huge variety of underlying assets and encompassing an ever-widening range of participants, each with a different set of motivations. Their use has increased exponentially since the financial crisis began, and the markets have become more sophisticated and accessible. This practical title features contributions from leading industry participants as well as lawyers who practise in this diverse field. The content gives an overview of the respective markets and examines products ranging from vanilla bilateral transactions to agency, tri-party, cleared and structured transactions. It also includes specialist chapters on legal and regulatory issues, documentation, regulatory capital, tax and accounting. Together, the contributors provide in one volume a comprehensive overview of all aspects of the repo and stock-lending markets. Whatever your role and whether you are new to the markets or a seasoned practitioner, this commercially focused title will serve as an invaluable reference tool and provide you with holistic insight into the business and law of repo and stock lending.
Table of ContentsIntroduction Guy Usher Field Fisher Waterhouse Repo: an overview Iain Colquhoun MUSI Life-cycle of transactions Guy Usher Field Fisher Waterhouse Agent Lending/Agency Repo Sarah Reid Field Fisher Waterhouse Central counterparty model Eric Bystrom Peter Robertson Capco Swen Werner JP Morgan Structured transactions Daniel Franks Field Fisher Waterhouse Legal and regulatory issues Emma Spiers Field Fisher Waterhouse Industry documentation Edward Miller Field Fisher Waterhouse Capital David Lewis Sungard Accounting Andrew Spooner Deloitte Tax Nick Noble Field Fisher Waterhouse Appendices
