Customer Reviews

REPO Handbook (Securities Institute Global Capital Markets)

5 star:		(10)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(3)

 

 

The review below and the nasty one-star review placed on Marcia Stigum's book recommending Mr. Choudrhy's work at the expense of Ms. Stigum's seem to suggest that she wrote the review favorably comparing her book to Mr. Choudrhy's book. Since she recently passed away, that is hardly possible, even though her book outsells this one even after her death.

It seems more appropriate to recognize that the principles of the money markets and repo and the mathematics of these markets are universal and timeless as is Marcia Stigum's work.

It is interesting that most, if not all, of the 5-star reviews below appear to be written by the author's? aliases. For instance, the Oct. 7, Oct, 20, both Oct 22 reviews, and the Nov. 4 review all currently originate from X Moore from "John Rasheed", although in the past they've all shown London or Cape Town origin as "John Rasheed" sought to cover his tracks.

"Mr. Gagan Singh" writes several negative reviews of other books, but positive reviews of Mr. Choudhry's books. "Mr. Gagan Singh" wrote negative reviews of Ms. Stigum's "The Money Market" and alternately hails from NY, the USA, Capetown or from wherever next this chameleon chooses to hail as the reviews change.

"Matthew Bartlett" is another alias used on two book reviews of Fabozzi's "Collateralized Debt Obligations" book. One of the "Matthew Bartlett" reviews is signed "Moorad Choudhry" and praises the book with 5-stars, but the other review is unsigned and gives the book a one-star review. This is a serious identity crisis.

A one-star Amazon review of Ms. Stigum's book denigrates her work, but recommends another of Mr. Choudrhy's books, and coincidentally appeared after the negative review below, that could not possibly have come from Ms. Stigum. It seems merely retaliatory.

Ms. Stigum's work on the U.S. markets allows one to allows one to deduce the dynamics - and equips one to solve the mathematics - of the global money markets deserves high honors.

The unsportsmanlike behavior doesn't end there, since it seems that commercially successful books with titles that most closely match Mr. Choudrhy's upcoming releases have multiple one-star and two-star reviews from apparently the same reviewer and from seeming pseudonyms and free internet accounts.

The great thing about Moorad Choudhry's The Repo Handbook is that it is designed to fully maximise the role and impact of the repo trader within the institution. Sure, the book clearly explains what a repo is and how it trades, and covers in depth the full sphere of practical issues - calculations, settlement, legal, tax, accounting. Repo is technical and the practitioner is lost without a mastery of these. But Choudhry goes further in recognising that repo is at the heart of all products in the global market, and that financing, settlement, hedging, and overall efficiency are impossible without it. In this context, he explains the wide range of instruments, businesses, derivatives and structures that benefit from repo. A repo trader that understands these interrelationships will go furthest in building communication, teamwork, and in the end overall profitability across the firm. Wisely, Choudhry devotes a section to risks in repo that must be respected. The book is easy to navigate, and a solid ongoing reference as the glossary, appendices, and formulas are very handy.

This is a well written book covering not just 'repo' but also introducing TRS and ALM (total return swaps and asset liability management). It does a good job of showing how the repo desk interacts with other trading/sales functions. For those of you in the industry , the examples are all 'bloomy' screenshots.

My name is Adebayo Alotunde, I am second cousin of President of Nigeria. Please can everyone send me 10 copies of this book and I will send payment by return.

This is a very good account of what is a key part of capital markets, on repo. It is excellent for both beginners and experienced practitioners, there is good use of worked examples and things like rueters and bloomberg screens. Another good section is the three chapters on the basis, incorporating the relationship between repo, futures and the cheapest-to-deliver. A high quality account.

This is a very good book on repo and I recommend it to anybody who needs to learn about this subject.

This is surely the best ever book on repo and ideal for beginner or expert. The reviewer from New York has surely missed the point when (s)he compares it to Stigum's book, the point is this is a book on repo, not the entire money markets, and has a much more gloabl outlook than Stigum's book which is very US-centric. Choudhry's book covers everything one will need on repo, it also places it nicely in context in the money markets and also has great illustrations and worked examples using Bloomberg. All in all, a very good value-for-money book.

This is a very good book on repo, money markets, and bank ALM. It is written in very accessible style and has very clear examples, descriptions, worked examples, and screen pictures. The author has also demonstrated how repo fits in with the other money markets. Highly recommended, a good guide to repo and stock lending.