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Event Overview
Agenda
Register

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Dates:
Monday, 31 October - Tuesday 1 November 2022
Monday 7 November - Tuesday 8 November 2022

Course overview


ICMA will be holding its annual Professional Repo and Collateral Management workshop via video conferencing.

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 will cover:

  • The repo instrument: legal, economic and operational character
  • Types of repo
  • GC v specials; repo v securities lending, repo v derivatives
  • Legal: what's so important about documentation
  • ESG and repo
  • European repo market infrastructure
  • The interaction between repo and bonds
  • The interaction between repo and interest rate swaps
  • The interaction between repo and bond futures
  • Credit repo
  • How and why the buyside use repo
  • Tri-party repo - role and mechanics
  • CCP: margining & default management
  • Sponsored repo and client-clearing
  • Settlement fails and settlement efficiency
  • D2C electronic trading
  • New developments in repo: digital repo
  • RWA and capital charges and Leverage Ratio for repo
  • LCR and NSFR for repo
  • New developments in repo: indemnified and guaranteed structures
  • Macrotrends and repo market users

 *Please note that list of topics may change

Format

This workshop will be delivered via video conferencing on Zoom. Live sessions will be delivered in four 3.5-4 hour sessions over the course of two weeks. Delegates will be sent resources before the live sessions and will have access to a recording of the workshop, following the live sessions.

Admission: Open to all interested market participants. Register now
ICMA member | Free to attend Check if your company is an ICMA member here.
Non member | EUR 500.00

Registration will close at 17:00 CEST on 28 October.

If you have any questions, please contact ICMA events.
Day 1

CEST   Monday, 31 October 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
10:10

  What's in the course and how it will run
Richard Comotto, ICMA
10:15

  The repo instrument: legal, economic and operational character
Richard Comotto, ICMA
11:15

  Types of repo
Richard Comotto, ICMA
11:55   Break
12:15
  GC v specials; repo v securities lending, repo v derivatives
Richard Comotto, ICMA
12:55   Legal: what's so important about documentation
Richard Comotto, ICMA
13:25   ESG and repo
Richard Comotto, ICMA 
13:50   European repo market infrastructure
Richard Comotto, ICMA 
14:30
  End of session one

 
Day 2

CEST   Tuesday, 1 November 2022
Monday 27 September 2020
10:00

  The interaction between repo and bond futures
Andy Hill, Senior Director, ICMA
10:45
  The interaction between repo and interest rate swaps
11:45
  Break
12:05   The interaction between repo and bond futures
13:00   Credit repo
13:40   How and why the buyside use repo
Rosa Fenwick, Columbia Threadneedle Investments
Gavin Platman, Head of Operations Strategy, Insight Investment Management (Global) Limited
Peter Fejfer Nielsen, Tudor Investment Corporation
14:40   End of session two
 
 
Day 3
 
CEST   Monday, 7 November 2022
Monday 27 September 2020
10:00

  Tri-party repo - role and mechanics
Jan Grauls, Product Manager - Collateral Management, Euroclear
10:45

  CCP: margining & default management
Dhruve Bhavsar, LCH
11:30   Sponsored repo and client-clearing
Richard Comotto, ICMA
12:00   Break
12:20
  Settlement fails and settlement efficiency
James Upton, ERCC Ops Committee and LCH
  • What is settlement, what is a fail
  • The cost of failing for a firm and for the market
  • How big is the problem?
  • Common causes of poor settlement efficiency
  • CSDR: buy-ins deferred; the penalty regime
  • The work of the ICMA and concepts and recommendations
    - Shaping
    - Auto-partialling
    - Auto-borrowing
12:45



  D2C electronic trading
Oliver Clark, MTS
James Kelly, Head of European Repo, Tradeweb
Frank Odendall, Eurex
Andy Wiblin, GLMX
13:45   New developments in repo: digital repo
Horacio  Barakat, Broadridge
Simon Squire, Global Head of Product Management, Bank of New York Mellon
Brian Nolan, Co-Founder, Finteum
Scott Lucas, Head of markets DLT and lead for the Collateral (Onyx), JP Morgan
14:45
  End of session three
 
 
Day 4
 
CEST   Tuesday, 8 November 2022
11:00
  RWA and FRTB capital charges and Leverage Ratio for repo
12:00   LCR and NSFR for repo
Oliver Deutscher, Head of Money Market, Repo and Collateral Trading, DZ Bank
13:00   Break
13:20   New developments in repo: indemnified and guaranteed structures
Philip Buyskes, Chief Executive Officer, Frontclear
Gareth Mitchell, ConneXXion
Frank Odendall, Eurex
Shiv Rao, Chairman, Sunthay Holdings, LLC
Tom Archer, LCH
14:20   Wrap up: macrotrends and repo market users
Corentine Poilvet-Clediere, LCH
15:20   End of Session Four and Course   

 

Register for the ERCC Professional Repo Market and Collateral Management course taking place on 31 October, 1 November and 7, 8 November 2022


Pricing

ICMA Members: Free to attend

Non-Members: EUR 500.00 EUR

Members who are registering on a complementary basis are reminded that this is an educational workshop where places are limited. Kindly advise if you are unable to attend this workshop at least 3 days before the event. If you fail to attend without cancelling, this will be taken into consideration when you register for future ICMA workshops.

Check if your company is an ICMA member here.

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Terms and Conditions

1.1
I understand that my reservation for the above course shall be accepted and confirmed if ICMA sends me a respective confirmation in writing within 3 business days from receipt of my payment. I also understand that if ICMA does not send me such confirmation within the specified period my reservation could not be considered and that the course fee will be refunded to me in full.

1.2
I agree that ICMA shall have the right to cancel courses and workshops at its own discretion for any reason (including e.g. if a sufficient minimum number of participants is not reached before the start date of the relevant course). In the event of such cancellation, the course fee will be refunded to me in full. I agree that ICMA shall not be liable for any expenses incurred by me, my employer, or anyone else on my behalf, due to the cancellation.

1.3
In the case that I want to cancel my reservation for this course I shall notify ICMA (attention Events Team) in writing without delay. I agree to the following cancellation fees being applied by ICMA:

until the 30th calendar day before the start date of the relevant course = 10%
from the 29th calendar day to the 15th calendar day before the start date of the relevant course = 50%
from the 14th calendar day to the last calendar day before the start date of the relevant course = 75%
on or after the start date of the relevant course = 100%

Refunds will only be processed after the completion of the relevant course and after the return of any course material already provided to you. Any such material must be returned undamaged and at your own expense.

1.4
I agree that if I fail to attend or complete this course within the given deadline, without following the cancellation procedure (see 1.3 above), no refund of the course fee shall take place.

1.5
Delegates must register before the course in order to be allowed to join the course. I understand that registrations for online and livestreamed courses are non-transferable and non-refundable.

1.6
I agree that ICMA and its affiliate entities may retain the information supplied on this form on a database and use it for the purpose of course and event administration, and, IF I have ticked the relevant boxes above, include my name and name of my employer in a class list which may be distributed at the course in hard copy or to other registered delegates in electronic form as well as for the purposes of advertising future courses and events and promoting ICMA.

Payment
Attendance at this event is free of charge to ICMA member. All non-members will be charged a registration fee of EUR 500.00. Payable by card upon receiving an email registration confirmation.
We will contact you within the next 48 hours to confirm your place at this event.

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