SECURITIES LENDING & REPO MARKETS

Overview of the securities financing market

Definition, characteristics and comparison of main instruments used Brief history Standard agreements Securities lending & repo market size and features in geographical regions

Securities Lending & Repo markets

Main players and arrangements

Main players and arrangements in securities lending Main users of repos and arrangements Electronic trading platforms and Central Clearing Counterparts (CCPs)

A practical guide

Challenges & opportunities

Disparate regulation, a challenge for the business Heterogeneous tax frameworks but an on-going harmonisation in Europe Operational efficiency and transparency Mastering collateral management in an evolving environment

Risk versus return