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Master the Repo Markets with Confidence
This course is tailored to corporate treasurers, offering a comprehensive understanding of global repo markets and their strategic role in cash and liquidity management. Through six focused modules, you'll gain practical insights and real-world examples, empowering you to confidently navigate repo transactions and integrate them into broader treasury strategies.
Practical Tools for Real-World Application
Each module is designed with actionable knowledge in mind, featuring case studies, workflow walkthroughs, and risk scenario discussions. You'll learn the mechanics of repo transactions, risk management techniques, and regulatory impacts, ensuring you're equipped to make informed decisions and effectively engage with banks and counterparties.
Future-Proof Your Treasury Strategy
Stay ahead of market trends and regulatory changes with this expertly crafted course. By understanding the evolving financial landscape, you'll position your organisation for success, optimise liquidity, and enhance yield. This course is not just an educational experience—it's an investment in your professional growth and your company's financial agility.
About the Course
Unlock the potential of global repo markets with our comprehensive 6-hour course, expertly crafted for corporate treasurers. Delivered over two days online on 19 and 20 June, three hours per day at 12.00 UK, 1PM EUR, 7AM NY, 7PM HK. This course is your gateway to mastering the intricacies of repo transactions, offering a perfect blend of practical insights and real-world examples to elevate your understanding and confidence. Through six meticulously designed modules, you'll delve into the strategic role of repos in cash and liquidity management, learn to adeptly navigate complex regulatory environments, and master the art of risk assessment. Each module is structured to provide you with actionable knowledge, ensuring you can seamlessly integrate repos into broader treasury strategies. Whether you're aiming to optimise liquidity, enhance yield, or future-proof your treasury operations, this course equips you with the essential tools and knowledge to make informed decisions. You'll gain the confidence to engage effectively with banks and counterparties, positioning your organisation for success in the dynamic world of finance. Join us to transform your approach to treasury management, stay ahead of market trends, and unlock new opportunities in the ever-evolving financial landscape. This course is not just an educational experience; it's an investment in your professional growth and your organisation's financial agility.
Repo Markets for Corporate Treasurers
A Practical 6-hour course for Treasury Professionals in Corporates This course is designed to help corporate treasurers understand how the global repo markets work, what role these markets can play in corporate cash and liquidity management, and how to assess associated risks. Delivered in six focused modules (each approximately 50 minutes, allowing for breaks), it blends practical insights with real-world market examples to build knowledge and confidence around using repos, understanding their regulatory environment, and navigating broader money markets. This course helps corporate treasurers grasp global repo markets, their role in cash and liquidity management, and risk assessment. Six modules offer practical insights and real-world examples to boost knowledge and confidence. Module 1: Understanding the Global Repo Market – What Corporates Need to Know This opening session lays the foundation with a clear, non-technical explanation of how repo markets operate, why they exist, and why corporates should care. What is a repo? How it works in practice. Key players in the repo market and where corporates fit in. Repo vs deposits: pros, cons, and strategic considerations. Liquidity management opportunities for corporates in repo markets. Overview of the global repo landscape – US, UK, EU and Asia. The relevance of repo for corporates in various market environments (low rates, stressed conditions, etc.) Module 2: Repo Transactions in Practice – Mechanics and Workflows This module gets into the operational nuts and bolts, helping treasurers understand the lifecycle of a repo trade, documentation, and settlement flows. Trade structure: term vs open repo, collateral selection. Collateral types and eligibility: government bonds, corporate bonds, etc. Key economic terms: haircut, pricing, and margining. Daily flows: confirmations, settlements, margin calls. How repo transactions are documented (GMRA basics – from a treasurer’s perspective). Working with banks and dealers: setting up trading lines. Module 3: Risk Management in Corporate Repo Activity This module helps corporate treasurers understand, identify, and manage the main risks associated with engaging in repos. Counterparty risk and how to mitigate it. Collateral risk: valuation, liquidity, and market risk. Legal and operational risk: what treasurers need to know. Reinvestment and rollover risks for liquidity portfolios. Internal controls, governance, and reporting. Practical examples of failed repo trades and lessons for corporates. Module 4: Navigating Money Markets and Repo Regulation This module explores the broader short-term markets that repo interacts with, and gives corporate treasurers insight into regulatory trends that shape market behaviour and availability. Overview of global money markets: repo, deposits, CPs, MMFs. The impact of regulation on repo markets: Basel III/IV, MMF reforms, leverage ratio effects. Why dealer balance sheet availability matters for repo access. CCP-cleared vs bilateral repo: what’s happening and why it matters. How regulatory pressure on banks affects pricing and availability for corporate clients. Module 5: Strategic Use of Repo in Corporate Treasury This session bridges the technical with the strategic—helping treasury professionals understand when and why to use repos in the context of broader treasury objectives. When repo is a better choice than bank deposits or MMFs. Repo as part of a corporate cash ladder or investment policy. Using repo for year-end liquidity smoothing and window dressing. Repo in treasury strategy: cashflow forecasting, funding backstop, yield enhancement. Considerations for Board and Audit Committee communication. Module 6: Case Studies and Panel Discussion – Repo in the Real World This final session uses case studies and an optional panel/interview format to reflect on real corporate use cases of repo, common challenges, and best practice approaches. Case study: Repo as a working capital tool for a UK-listed corporate. Case study: FX-linked repo structure for cross-border liquidity support. What to do when liquidity tightens – lessons from 2008, 2020, and 2022. How corporates can future-proof their repo and liquidity strategies. Expert insights from a dealer or treasury consultant (optional guest). What will the repo and short-term market look like in 3-5 years for corporates? Course Summary By the end of this 6-hour course, participants will: Understand how repo markets operate and their relevance to corporate treasury. Know how to engage with repo markets in a safe and effective manner. Be able to assess legal, credit, and operational risks of repo activity. Position repo as a flexible tool within broader liquidity and investment strategies. Confidently engage with banks and counterparties to execute and manage repo trades.
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About the Creator
Glenn Handley is a seasoned expert in global finance, with over 34 years of experience in securities financing, repo, and capital markets. He held senior leadership roles at HSBC, including Managing Director and Global Head of G10 Rates Cash Financing Solutions, where he played a key role in developing the UK gilt and emerging markets repo businesses. Glenn has also worked closely with regulators such as the Bank of England and the PRA on repo market structure and best practices. Through his consultancy, SecFin Solutions, Glenn has delivered the Advanced Repo and Securities Lending & Borrowing course to several consulting clients including Broadridge, and to a broader audience via ICMA in September 2024. Since November 2024, he has run the course four times under the SecFin Solutions banner, consistently receiving outstanding feedback. He has now added courses under the SecFin Education banner to lawyers, non-bank traders, Middle and Back Office professionals and Corporate Treasurers. Glenn’s combination of deep market knowledge, hands-on experience, and a passion for mentoring ensures that attendees gain both technical expertise and practical insight into the evolving world of securities financing.
Course Curriculum
Ready to Master Repo and Securities Financing?
Enroll now to gain access to exclusive sessions, expert interviews, and practical strategies that will enhance your understanding of Repo and Securities Financing.