Date: 11 – 12 July 2024
Time: 09:00 – 17:30 BST
Venue: 5 Broadgate, London EC2M 2QS
Hosted by
Overview
The Professional Repo Market and Collateral Management Course (PRMCMC) is the industry’s flagship educational event. It has been run by the European Repo and Collateral Council (ERCC) of ICMA since 2015. PRMCMC-24 will be hosted in London by UBS.
The PRMCMC offers an unrivalled exposition of what a repo is and is not, and how it is managed, as well as insight into the structure, operation and regulation of the repo market, including new developments. The course is delivered by ICMA’s industry experts and market practitioners from member firms.
While expressly designed for new or junior repo dealers in sell-side or buy-side institutions, the industry-led nature of the PRMCMC also attracts attendees from a wide variety of other functions and levels of seniority within financial institutions, as well as from financial market infrastructures, third-party service-providers, systems vendors, legal and accounting firms, regulators and central banks from around Europe and beyond. The course is therefore an opportunity for junior dealers to network their peers and experienced practitioners, and for all attendees to mix with those involved in different areas of the repo industry.
Admission
This event is open to all.
Members: EUR 350 (+ VAT if applicable)
Non-members: EUR 600 (+ VAT if applicable)
(Please note that payment can only be made by credit card)
Contact us
Certificates of Attendance are available on request, provided minimum attendance requirements (80% or more) have been met.
If you have any questions, please contact ICMA Education & Training
Thursday 11 July
| GMT | ||
| 09:00 | Introduction to repo: Legal and economic character | |
| 10:25 | GC vs special repo | |
| 10:50 | Break | |
| 11:15 | Some alternative repo structures | |
| 11:40 | Why repo documentation should not be left to lawyers | |
| 12:10 | Risk management and mitigation - haircuts, netting | |
| 12:40 | Lunch | |
| 13:40 | How repo are used with bonds | |
| 14:25 | How repo are used with interest rate swaps | |
| 15:25 | Break | |
| 15:50 | How repo are used with bond futures |
Friday 12 July
| 09:00 | Emerging market repos | |
| 09:35 | Credit repos | |
| 10:10 | Break | |
| 10:35 | European repo market infrastructures | |
| 11:30 | Tri-party repo | |
| 12:10 | Lunch | |
| 13:05 | CCP-cleared repo | |
| 14:00 | Sponsored, indemnified and guaranteed repo | |
| 14:30 | New developments: Islamic, ESG/green and digital repo | |
| 15:30 | Break | |
| 15:55 | Impact of Basel 3.1 on repo (RWA, Leverage Ratio, FRTB) | |
| 16:40 | Impact of LCR and NSFR on repo | |
| 17:30 | Event close |
