Event Overview
Agenda
Dates: 27, 28 September; 4, 5 October 2021

Course overview


After a break in 2020, this year ICMA held its annual Professional Repo and Collateral Management Workshop, the repo industry’s principal educational forum.

Designed for new repo market practitioners and other participants seeking a thorough understanding of the repo market and the latest related developments, the virtual workshop covered:
  • legal, economic and operational character of repo
  • types of repo, and repo versus securities lending
  • the use of repo with bonds, interest rate swaps and bond futures
  • credit and emerging market repos
  • tri-party repo: mechanics, applications and interoperability
  • cleared repo and client-clearing
  • regulation of repo
  • ESG and repo

Format

This workshop was delivered via video conferencing.  Live sessions were delivered in four 3.5-4 hour sessions over the course of two weeks. Delegates will be sent resources before the live sessions.

If you have any questions, please contact ICMA events.

Sponsored by:


Day 1

CEST
  Monday, 27 September 2021
Monday 27 September 2020
10:00

  Welcome to delegates from ERCC chairman
Gareth Allen, Managing Director, Global Head of Treasury Assets, Group Treasury, UBS
10:05

  Introductory remarks
Cédric Gillerot, Director, Head of Collateral Product Strategy, Euroclear
10:15

  What's in the course and how it will run
Richard Comotto, ICMA
10:20

  The repo instrument: legal, economic and operational character
Richard Comotto, ICMA
11:40

  Types of repo
Richard Comotto, ICMA
12:20   Break
12:40
  GC v specials and repo v securities lending
Richard Comotto, ICMA
13:05

  The interaction between repo and bonds
Richard Comotto, ICMA
13:40

  The interaction between repo and interest rate swaps
Vasileios Stathakopoulos, Head of EMEA Rates Repo trading, Credit Suisse
14:15
  End of session one


Day 2

CEST
  Tuesday, 28 September 2021
Monday 27 September 2020
10:00

  The interaction between repo and bond futures
Chris Baron, BoA
10:45

  The credit repo market
Michel Semaan
11:30
  Break
11:20

  Emerging market repo
Ian Ross, JP Morgan
12:35


European repo market infrastructure
Richard Comotto, ICMA
13:20
  Tri-party repo --- role and mechanics
Jan Grauls, Product Management - Collateral Management, Euroclear
13:50
  End of session two


Day 3

CEST
  Monday, 4 October 2021
Monday 27 September 2020
10:00

  Tri-party repo --- application and developments
Richard Glen, Head of Collateral Management, Clearstream
10:30


  Triparty interoperability: connecting collateral pools
Marije Verhelst, Director, Head Business Development Collateral Management and Securities Lending, Euroclear, Euroclear
10:45

  CCP: margining & default management
Dhruve Bhavsar, Head of Business Risk for RepoClear and EquityClear, LCH
11:15
  Break
11:40



  CCP client-clearing
Frank Odendall, Senior Vice President, Head of Securities Financing Product & Business Development, Eurex
Tom Archer, Product Development Manager, RepoClear and EquityClear, LCH
13:00




  Electronic repo panel (D2D and B2D)
John Edwards, Managing Director, Global Head of BrokerTec
Oliver Clark, Head of Product, MTS
Gareth Mitchell, Co-Founder, Connexxion
James Kelly, European Head of Repo, Tradeweb
14:10
  End of session three


Day 4

CEST
  Tuesday, 5 October 2021
10:00


  RWA and FRTB capital charges and Leverage Ratio for repo
Christopher Blake, Group Treasury, HSBC
Anant Gajjar, Global Capital Lead, HSBC
10:50

  LCR and NSFR for repo
Cecile Retaureau, Managing Director, EMEA Head of Financing Distribution, UBS
11:30
  Break
11:50

  SFTR for repo
Richard Comotto, ICMA   
12:30


Settlement discipline under EU CSDR
Andy Hill, Senior Director - Market Practice and Regulatory Policy, ICMA     
13:15





ESG and repo panel
Claus Breternitz, Director, Commerzbank
Andrew Alabaster, BlackRock
Sam Crawford, Head of Secured Funding Structuring EMEA, BNP Paribas
Gerard Denham, Senior Vice President, Fixed Income Funding & Financing, Eurex
14:15
  End of Session Four and Course   

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