Securities Lending and Repurchase Agreements

Revised and updated to reflect the latest developments in the field of cash flow analysis, Cash Flow and Security Analysis provides an enlightening examination into why cash flow is quickly replacing earnings as the primary tool used by securities analysts, and how they can identify undervalued securities by using cash flow analysis.

Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale Universitys School of Management.

Preface

iv

(3)

Contributing Authors

vii

(1)

Index of Advertisers

viii

1. The Evolution of Securities Lending

1

(12)

Kevin Burke

George Martello

2. The US Dollar Repo Market

13

(16)

Kenneth A. Miller

3. The Nondollar Repo Market

29

(12)

Peter B. D'Amario

4. Finding A Route to Market: An Institutional Guide to the Securities Lending Labyrinth

41

(26)

Mark C. Faulkner

Charles L. Stopford Sackville

5. Evaluating Lending Options

67

(8)

Anthony A. Nazzaro

6. Managing Internal Lending Programs

75

(12)

G. William Caan, Jr.

7. Performance Measurement For Securities Lending

87

(12)

Mathew R. Jensen

Robert W. Scheetz

8. Developing Effective Guidelines for Managing Legal Risks -- U.S. Guidelines

99

(12)

Charles E. Dropkin

9. International Legal and Regulatory Concerns

111

(8)

Nancy Jacklin

David Felsenthal

10. The Fundamentals of Fixed Income Securities

119

(22)

Frank J. Fabozzi

11. Overview of Mortgage-Backed and Asset-Backed Securities

141

(34)

Frank J. Fabozzi

12. Collateralized Borrowing via Dollar Rolls

175

(14)

Steven J. Carlson

John F. Tierney

13. Understanding Cash Collateral Reinvestment Risks

189

(12)

Frank J. Fabozzi

Eliot Jacobowitz

14. Tax Issues Associated with Securities Lending

201

(30)

Richard J. Shapiro

15. The Accounting Treatment of Securities Lending Transactions

231

(16)

Susan C. Peters

16. The Role of Carry in the Equity Markets

247

(4)

Robert S. Sloan

Index

251

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Securities Lending and Repurchase Agreements

Summary

Author Biography

Table of Contents

Supplemental Materials

FREE SHIPPING

Rent More, Save More! Use code: BBRENTAL

5% off 1 book, 7% off 2 books, 10% off 3+ books

Securities Lending and Repurchase Agreements

Summary

Author Biography

Table of Contents

Supplemental Materials

Digital License