- Short-term markets :
- Repo markets
- Frequently Asked Questions on repo
- ERC contributions to public consultations
- Repo trading practice guidelines & documentation
- Credit claims
- Securities lending
- ICMA European repo market reports and white papers
- The impact of the Financial Transaction Tax on the European repo market
- Shadow banking and repo
- European repo market report
- European repo market white paper on short-selling and settlement failures
- Repo market surveys
- Global Master Repurchase Agreement (GMRA)
- ICMA GMRA Legal opinions
- FAQs for ICMA members
- Euro Commercial Paper
- Repo markets
- Primary markets :
- ICMA Primary Market Handbook (previously the IPMA Handbook) - Home
- Prospectuses, offerings and listings
- Periodic reporting / continuing obligations
- Market abuse
- Accounting and auditing
- Retail structured products
- Collective action clauses
- Dialogue with investors
- Bank capital
- Secondary markets :
- ICMA’s rules and recommendations for the secondary market
- MiFID Review
- Bond market transparency - wholesale & retail
- Short selling
- Asset management :
- Covered Bonds
- Money market funds
- Hedge funds
- Managing client expectations
- Corporate Governance
- Valuation of illiquid assets
- Specific regulatory issues
- Exchange-Traded Funds (ETFs)
- AMIC Solvency II Working Group
- ICMA Private Wealth Management Charter of Quality
- Market infrastructure :
- European Commission’s Expert Group on Market Infrastructure (EGMI)
- Code of Conduct on Clearing and Settlement
- CPSS/IOSCO Principles for Financial Market Infrastructures
- European Market Infrastructure Regulation (EMIR)
- Harmonisation of Securities Law
- Settlement Regulation
- TARGET2-Securities and CCBM2
- New Global Note (bearer notes)
- New Safekeeping Structure (registered notes)
- Legal :
- Collateral Initiatives Coordination Forum :
- ICMA Quarterly Report :
- Other projects :
Repo market surveysClick here to download a copy of the latest survey or previous surveys.
The repo market is pivotal to other financial markets, particularly those in bonds and derivatives, as it is the main source of financing for dealers. Repo, being a collateralised loan provides a secure means of lending and, for borrowers, an economic means of leverage.
Despite the European repo market's importance it is hard to obtain figures on its size. The ICMA surveys are the only authoritative source of data on the size and composition of the European repo market. The surveys are conducted by the ICMA Centre at the University of Reading in the UK, at the request of the ICMA European Repo Council (ERC), a body established under the auspices of ICMA to promote and represent banks active in Europe’s repo markets.
For the most recent survey a sample of financial institutions in Europe were asked for the value of their repo contracts that were still outstanding at close of business on a single day in December 2012. Replies were received from 67 financial institutions, representing the majority of significant players in the European repo market. All institutions who participate in the survey automatically receive, in confidence, a list of their rankings in the various categories of the survey.
The results of this, the twenty-fourth semi-annual survey of the repo market in Europe set the baseline figure for market size at EUR 5,611 billion.
To view the accompanying press release, click here.
The next survey will report the value of repo contracts still outstanding at close of business on Wednesday, 12 June 2013. The results of this survey will be published in September 2013.
For any queries relating to the survey please e-mail firstname.lastname@example.org.