Repo (Repurchase Agreements) Course Overview
This Repo course examines the core concepts of short-term funding. We will look at the different types of Repos, alongside who would use them and why, while assessing the risks of the trade along the way. From the nuances of what motivates a Repo trade, to how to calculate payments, we will go through the broadest concept to the smallest detail.
Repo (Repurchase Agreements) Learning Objectives
This Repo course will give you a practical understanding of how the Repo market allows financial institutions that own large volumes of securities to borrow cheaply, while simultaneously allowing others that hold excess cash to earn small returns with low risk.
Major learning outcomes of this course include being able to:
- Explain the full life cycle of a Repo trade from the perspective of both counterparties
- Calculate Repo Interest, as well as security generated income (i.e. coupon), and understand their treatment
- Identify the differences between General Collateral and Special Repos, and in what scenario each trade type is used
- Compare and contrast the differences between Repos/Reverse Repos and Buy Sell Backs/Sell Buy Backs
- Appreciate the risks associated with entering into Repo trades and how they can be managed
- Explain the concept of negative rates in the Repo world and understand their significance
Repo (Repurchase Agreements) Is an Elective Course of CFI's CMSA® Program
CFI’s Capital Markets & Securities Analyst (CMSA)® program covers all the basic, intermediate, and advanced topics about sales and trading, investment banking, and asset management. This program immerses you in the content you would be exposed to, and the knowledge you would learn through peers, in the first few years of a capital markets role. This course is ideal for students who want to learn about the short-term funding space in capital markets. The program is completely online so you can take it at your own pace, from anywhere in the world.
Common career paths for students who take the CMSA® are Sales & Trading, Origination, Asset Management, Wealth Management, Treasury, Risk Management, and other Capital Markets careers.
Who Should Take This CMSA® Course?
This Repo (Repurchase Agreements) course is perfect for anyone looking to build a fulsome knowledge of Capital Markets. This course is designed to help those who are interested in careers in portfolio management, as well as sell-side trading, develop an understanding of how financial institutions use their assets to borrow and lend cheaply and efficiently.
This course explores concepts that will be useful for beginner and intermediate level Capital Markets professionals, or business and finance students seeking to better understand money market products.
- Skills Learned Trading strategies used in the finance and capital markets
- Career Prep Work in capital markets, whether on the buy-side or the sell-side
5 courses from beginner to intermediate level.01Optional
8 courses from beginner to intermediate level.02Required
16 courses in advanced and intermediate levels.03Required
Submit your CMSA® checklist and order your certificate.04Required
Join Our Community
Get access to the Global Corporate Finance Society.05Optional
How the Certification Works
Capital Markets & Securities Analyst (CMSA)® courses are offered 100% online, allowing you the flexibility to start the Capital Markets & Securities Analyst (CMSA)® program anytime and learn when it’s most convenient for you.
The program is a part of the All Access Subscription, which includes all programs and courses.
CFI courses are designed by instructors with over 21 years of financial analyst training experience.
One of the more challenging assestments which is good to see, makes sure you get it!
A comprehensive course for Repo with key concepts and real life examples
Kwong Sang Yeung
Though calculations were a bit confusing, and terms need to be reviewed a bit thoroughly, I have no complaints