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:
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.
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.
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 |
