Repo markets in Asia
ICMA, jointly with ASIFMA, has
recently published a Guide to
Repo in Asia.
The Guide takes a comprehensive view of all aspects of repo market development in Asia, in
particular addressing best practice in the repo market and how can it be implemented through internationallyrecognised standards for trading repo across borders.
The Guide covers the full scope of the repo trading life cycle including:
fixing dates, affirmation and confirmation of transactions, margining,
nonstandard interest calculations, issuing notices, delivery issues and dealing with negative repo rates.
ICMA is working with various
jurisdictions to further develop
repo market standards and
documentation in local and crossborder
markets. To this end, ICMA
has also organized several repo
events in the region, including
comprehensive workshops on repo
mechanics, trading, operations,
and documentation, as well as
more focused seminars on GMRA
documentation and repo case law
in Asia