October 2021
3
More than 80 representatives of FEAS Member Exchanges & Depositories and not only participated in the event.
The speakers talked about Sec lending, Repos and the actions of short sellers, discussing also the topics related to Unsecured secured 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.
As well as topics related to Overview of the European Regulation on short selling, Use case of a regulated market for repo transactions, Use case: intro to a depositary bank business – collateral management and securities lending were discussed.
Each presentation was followed by a Q&A Session, where participatns actively asked questions to the experts.
FEAS Team thanks Euronext Academy for fruitful cooperation and succesful training.