Securities Lending — Repurchase Agreements

Funding is a key component of many securities transactions. Repurchase agreements, known as “repos”, and Securities Lending, referred to as “Sec” Lending, provide the financing for those transactions. On the other side of the coin, when market participants want to sell short for profit or hedging purposes, Securities Lending and Repurchase Agreements are crucial to the transaction.

The concept of financing is common across asset categories and sectors and Repurchase Agreements and Securities Lending are used in both fixed income and equity markets. In the Agency Mortgage Backed Securities sector, specific transactions for financing are known as dollar rolls.

GFMI offers a full suite of securities lending repurchase agreements courses. Following is one of our securities lending repurchase agreements curriculum