TreasurySpring Repo Masterclass Part Two: Markets, Risk Management, Strategy – POSTPONED

Apologies; this event is postponed until the New Year.

ALMA, in conjunction with TreasurySpring, will host a Masterclass on Repo Part Two: Markets, Risk, Strategy.

In Part One, before the summer break, many joined to hear about repo as a liquidity tool, market access challenges and the custodian’s perspective.

Join us in Part Two as we revisit the repo instrument in more depth;  (it is not necessary to have attended Part One).  We will cover centralised repo clearing,  its growth and risk considerations.  Initial margins for centrally cleared repo vs bilateral repo varied during the 2022 Gilt crisis;  we will visit the impact of price volatility on initial margin (IM) models.

The Masterclass will cover Buy-side and Bank tri-party models, including perspectives on IM calculations, threshold monitoring and sourcing eligible collateral.

Rising rates and recent counterparty default risk scenarios mean Corporate Treasurers are returning to tri-party repo for yield optimisation and diversification.  Bank borrowers can also diversify with large corporate lenders via tri-party repo, moving away from central bank sources.  Are Treasurers returning to pre-negative rate strategies?