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Module

Repo and Securities Financing

How repos work, haircuts and margin, general collateral and specials, tri-party repo, securities lending and the risks involved.

Educational material, not professional, tax or legal advice. Figures reflect Irish law as understood when written — check Revenue.ie or a qualified adviser before acting. Not affiliated with or endorsed by any professional body.

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  • 01How a repo works
  • 02Repo and reverse repo
  • 03Worked example: pricing a repo
  • 04Haircuts and initial margin
  • 05Variation margin and margin calls
  • 06General collateral and specials
  • 07Bilateral, tri-party and cleared repo
  • 08The legal framework for repo
  • 09Securities lending
  • 10Collateral and rehypothecation
  • 11Repo rates and the policy rate
  • 12Repo as a source of leverage
  • 13Central bank repo operations
  • 14Reporting and regulation of repo
  • 15Risks in repo transactions
  • 16Congratulations on completing the module