ofbondmarketyieldsbyrating- n y u stern（o fbondmarketyieldsbyrating - n y u stern）.docVIP

MORGAN STANLEY DEAN WITTER GLOBAL HIGH YIELD September, 1997 Emerging Market Repo Emerging Market Repo and Securities Lending Market I. Background and Evolution A. What is a repo? B. Repo in Emerging Markets 11. Growth and Attributes of Emerging Market Repo A. Participants 1. Customers 2. Brokers and Dealers 3. Volumes B. Rates C. Margin D. Dealer Matchbook Ill. Risk of Emerging Market Repo A. Counterparty Risk B. Documentation and Legal Risk C. Custody Risk D. Settlement Risk E. Liquidity Risk IV. Mechanics of Repo and Securities Lending A. Repo and Reverse Repo B. Bo