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The REPO Handbook

The REPO Handbook

List Price: $96.00
Your Price: $96.00
Product Info Reviews

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Rating: 1 stars
Summary: Adequate but doesn't sell like Stigum
Review: 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.

Rating: 5 stars
Summary: The ultimate guide to repo
Review: comprehensive and well worth buying. covers all you need to know on repo and well illustrated with worked examples.

Rating: 5 stars
Summary: Great book - don't believe the negative hype
Review: If you want to buy the best guide to repo and money markets, buy this book - forget what any US-based reviewers are saying casting ridiculous accusations about the author. The book is great - end of story. Buy it!

Rating: 1 stars
Summary: Identity Crisis
Review: 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.

Rating: 5 stars
Summary: Surplus funds awaiting collection
Review: 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.

Rating: 5 stars
Summary: State of the Art
Review: 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.

Rating: 1 stars
Summary: Timeless Principles
Review: 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.

Rating: 1 stars
Summary: Buy "The Money Market " instead.
Review: This book is a derivative work and not good value for the money. Instead of paying $96, you can buy Marcia Stigum's "The Money Market for the Amazon price of $69.30. It covers everything this book does, but covers it better: repos, reverses, and more. It also covers much more additional material: the fed funds markets, and the entire spectrum of money market instruments, and it is written in a much better style than this book.

Go for the better written book that gives much better value, more material, and a lower price.

Rating: 5 stars
Summary: A very high quality treatment of an important topic
Review: 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.

Rating: 5 stars
Summary: An excellent book on Repo
Review: This is a very good book on repo and I recommend it to anybody who needs to learn about this subject.


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