Programme

Day 1 – Indian Market Practice/Professional Repo Market Course


08:30 – 09:30
Registration and Continental Breakfast


09:30 – 09:45
Welcome to Delegates
Nick de Boursac, ASIFMA
C.E.S. Azariah, FIMMDA


09:45 – 10:15
Introduction to India's Repo Market
Soumyo Dutta, Citi


10:15 – 10:45
Regulatory Developments for Use of Government and Credit Collateral


10:45 – 11:05
Refreshment Break

Stream 1

Stream 2

11:05 – 11:40
Introduction to India's Bond Market (Corporate Bonds, Govies and Agencies)
Sudershan Sharma, ICICI Bank Ltd.

11:05 – 12:15
The Operational and Legal Structure of International Repo
Richard Comotto, ICMA

11:40 – 12:15
Clearing and Settlement in Repo Transactions
Pradeep Naik, The Clearing Corporation of India (CCIL)

12:15 – 14:00

Lunch and Keynote Address

Dr. R.H. Patil, The Clearing Corporation of India (CCIL)

Stream 1

Stream 2

14:00 – 14:35
The Role of the Central Bank in the Repo Market
T. Rabi Sankar, Reserve Bank of India

14:00 – 15:10
Comparison of Classic Repo, Sell/Buy-backs, and Securities Lending
Richard Comotto, ICMA

14:35 – 15:10
Short Selling of Government Bonds and Fails
T. Rabi Sankar, Reserve Bank of India

  

15:10 – 15:30
Refreshment Break

Stream 1

Stream 2

15:30 – 16:05
Tax and Accounting Treatment in India
Viren Mehta, S.R. Batliboi & Co
Hiresh Wadhwani, Ernst & Young

15:30 – 16:40
Repo, Bonds and Futures
Richard Comotto, ICMA
Richard Comotto, ICMA
 

16:05 – 16:40
Legal Issues with GMRA and National Repo Agreements
H. Jayesh, Juris Corp
Klaus Lober, European Central Bank

16:40 – 17:15
Indian Market Participants in Global Markets
Soumyo Dutta, Citi

16:40 – 17:15
Short Selling and Specials
Richard Comotto, ICMA
   

ADJOURN - COCKTAIL RECEPTION

 

Day 2 – International Market Practice


08:30 – 09:30
Registration and Continental Breakfast


09:30 – 10:10
The Size and Structure of the Global Repo Market
Godfried De Vidts, ICAP


10:10 – 10:40
The Development and Composition of Asian Repo Markets
Bernard Chin, UBS


10:40 – 11:00
Networking Refreshment Break


11:00 – 11:30
Collateral Management (Standard Haircuts, Marking to Market, Substitutions)
Simon Kandel, Dresdner Kleinwort


11:30 – 12:25
Securities Financing Under Basel II
Paget Dare Bryan, Clifford Chance
Shravan Sood, The Bank of New York Mellon


12:25 – 13:45
Lunch


13:45 – 14:30
Tri-Party Repo
Olivier de Schaetzen, Euroclear
Florence Mertz, Clearstream


14:30 – 15:45
Typical Repo Trading Strategies in US Dollar and Euro Markets
Moderator:
Rajen Patel, Morgan Stanley

Panelists:
Edward Gildar, Citi
Gabriel Frediani, Eurex Expo
Simon Kandel, Dresdner Kleinwort
Shravan Sood, The Bank of New York Mellon
Godfried De Vidts, ICAP


15:45
Conclusion – Refreshments