FEAS Yearbook FEAS Yearbook 2021 | Page 22

During the 2021, FEAS successfully organized and conducted 7 training, covering 3 prominent topics for FEAS Members and other interested institutions.

Training and webinars gathered more than 800 people.

The Online Training series started with the special cooperation with the European Bank for Reconstruction and Development (EBRD)’s Capital Market Development Team. FEAS held specially developed IPO workshop for FEAS Members for 4 times!

The workshop was designed to discover the KEY Considerations for an IPO, the IPO Journey, Post IPO World and Specific Case studies.

The very first event was delivered for the Members of the Egyptian Exchange. Later on, the workshop was organized for Muscat Stock Exchange, Iran Fara Bourse and the Kazakhstan Stock Exchange.

FEAS alongside with Euronext Academy, organizes special webinar “Understanding Foreign Exchange Rate Derivatives” on June 30th, 2021. The webinar is developed for FEAS Members, but other interested parties also has participated. The participation for FEAS Members is free of charge, all other parties paid special fee of participation.

This webinar provides an explanation of the three main FX derivative instruments – describing their respective features and use in managing exchange rate risk. The presentation also devotes time to explaining the mechanics of executing, clearing and settling FX trades – focusing on how trades are risk managed in terms of counterparty risk.

The third training took place again in cooperation with the Euronext Academy “Understanding Security Lending, Repos and the Actions of Short Sellers” on September 28th, 2021.

This module explains the economic benefits that can be gained from the lending of securities (bond and equities) and how key market participants – such as funds, market makers and speculators interact with each other for potential mutual reward.

The webinar includes two short session from industry practitioners, who have set up a repo market and a depositary business.

The speakers talked about Sec lending, Repos and the actions of short sellers, discussing also the topics related to Unsecured versus secured(collateralised) borrowing and lending, Understanding terminology - outright sale, title transfer, rehypothecation, The mechanics of security lending and repos; Central bank role in bond repo market; Classic repo versus sell buy back; Quoting and calculating the repo rate; General collateral versus special; Term and open repos; Margin and hair cuts, and more.

FEAS Workshops and Webinars

The Federation of Euro-Asian Stock Exchanges