Repos and the GMRA 2000

IMPORTANT ANNOUNCEMENT: Please see our online training overview page for an important announcement dated 31 March 2023 concerning the availability of our online courses.

Long course

DDL offers a web-based online distance learning course on Repos and the TBMA/ISMA Global Master Repurchase Agreement (the “GMRA 2000”). 

This e-learning course gives a full commentary in clear English on the GMRA 2000

It provides:

  • foundation knowledge on the repo product and its uses
  • a discussion on buy/sellbacks 
  • commentary on legal and risk issues regarding repos and the GMRA 2000
  • a detailed commentary on the GMRA 2000 and its Annex I

This course is in modular form and there are multiple choice questions at regular intervals.  The questions have to be answered correctly before you are able to proceed with the training.

At the end of the course there is a GMRA 2000 Annex I practical negotiation exercise.  This exercise provides you with an opportunity to apply what you have learned.

Completed exercises are appraised by the Course Director who provide you with a model answer and a certificate stating you have completed the course and the score you obtained.

Please be advised that this training course is not sponsored by or affiliated with either the International Capital Market Association or the Securities Industry and Financial Markets Association.

Target Audience

This course may be useful to practitioners in legal, compliance, documentation in the Repo & Money Markets, Capital Markets, Collateral Management and Fund Management. 

It could also be useful to people who are seeking a career change into the area of repo documentation and people who cannot afford the time to go to external training courses.

Advantages of this course

  • Expert tuition from a well-known author in this field.
  • You can learn at your own pace within a 4-month timescale rather than face possible information overload on a 1 day course. 
  • You can access the course at home, at work or anywhere you have internet access from a PC, tablet or mobile. 
  • Annex I negotiation exercise to test the practical application of your knowledge.

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