This web-based online distance learning course gives detailed background information on repos and their market and a full commentary in clear English on the SIFMA/ICMA Global Master Repurchase Agreement (the “GMRA 2011”).
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 2011
a detailed commentary on the GMRA 2011
a summary of the main differences between the GMRA 2011 and GMRA 2000
This course is in modular form and there are multiple choice questions at regular intervals which have to be answered correctly before you are able to proceed with the training.
At the end of this e-learning course there is a GMRA 2011 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 will 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.