Understand Money Market Securities And Repos

Money Market conventions, calculations and traditional products (deposits, securities and repurchase agreements)

What you'll learn
Understand money market products: deposits, money market securities and repurchase agreements
Understand pricing money market products and make interest rate calculations: day conventions, zero coupon, bootstrapping, true yields and pure discount
Calculate coupons for broken periods and convert yields
Get essential knowledge to trade money market securities such as commercial paper, T-bills and certificates of deposit
Understand forward rates and how an yield curve shifts
Manage liquidity using repurchase agreements and security lending transactions
Understand interbank and overnight market benchmarks such as LIBOR, SOFR and €ster
What is the difference between the Domestic and Euro money market
Understand the basics of Global Master Repo Agreements (GMRA): legal and economic ownership, reprising, manufactured dividend and failure to deliver collateral
The characteristics of Classic Repo and (un) documented Sell buy Back
How Central Banks use repos for money market liquidity
Repo Custody of Collateral Arrangements: Delivery repo, Hold in Custody (HIC)
Requirements
No specific knowledge is needed, but you can prepare by enrolling in my beginners Udemy course Understand Banks and Financial markets.
Description
Welcome!My name is Michiel van den Broek. After working in finance from 1990, I design financial courses since 2005 to make ‘complex’ finance easy, based on my view that finance is not rocket science.The money markets are a vital financial market that is essential to our economy as explained in my Udemy course Understand Banks and Financial Markets, in which thousands of students already enrolled.This course, Understand Money Market Securities and Repos, will learn you about the main products traded on the money markets: deposits, money market securities and repurchase agreements. The course contains more than 1,5 hours of mp 4 video’s accompanied with downloadable pdf documents (total 20 pages) and quizzes to test your skills and understanding with multiple choice questions (total 34).Section 2 skills you to understand and make basic interest rate calculations covering several topics such as: specific day count conventions calculation of single interest coupons present and future value calculations compare yields with different coupon frequency or day count conventions how to compare pure discount with true yield the yield curve and implied forward ratesSection 3 is an introduction to traditional money markets benchmarks and products covering topics, such as: how and why use money market products the domestic- and Euromarkets explain several deposit types LIBOR and recently introduced overnight money market benchmarksSection 4 covers Tradable Money market securities, such as:characteristics of main securities: treasury bills, certificates of deposit and commercial paperthe calculation of initial consideration at issue datethe maturity consideration and interest calculation for different productsFinally, section 5 provides in depth knowledge and understanding of repurchase agreements, repos. The topic basket of this section includes:legal and economic ownershipcollateral typesGMRA documentation and failure to deliver collateralspecial tradingsell/buy back transactionsreprising versus marginsrepo agentsthe use of hold in custody repos (HIC) used by central banksPlease contact me if you have any questions regarding the course program.Thank you for your interest!Michiel van den Broek

Overview

Section 1: UNDERSTAND MONEY MARKET SECURITIES AND REPOS

Lecture 1 Course introduction and structure

Section 2: Basic Interest Rate calculations

Lecture 2 Basic Interest Rate calcuations: Introduction

Lecture 3 Basic Interest Rate calculations (BIC) Part 1 Yield, coupon and rate of return

Lecture 4 2. BIC Part 2: Day count conventions and broken periods

Lecture 5 BIC Part 3: Present / Future value calculations and coupon frequency

Lecture 6 BIC part 4: True yield versus pure discount and conversion

Lecture 7 BIC Part 5: Yield curve shapes and implied forward rate

Section 3: Money Markets Introduction

Lecture 8 Money markets introduction

Section 4: Understand Money Market Securities

Lecture 9 Money market securities

Section 5: Understand repurchase agreements (Repos)

Lecture 10 Repurchase Agreements (Repos)

If you work in finance or are interested in money market securities trading,Central bank professionals,Accountant and controllers working in the financial industry,IT professionals involved in financial trading / settlement software,If you work for a financial institiution liquidity department,Working capital professional,Liquidty managment professionals