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In-Depth Sessions
Delve into detailed sessions covering repo, Basel regulations, liquidity, leverage, clearing, the autumn 2022 UK gilt crisis, digital assets, and more.
Expert Interviews
Gain insights from interviews with industry experts, including a former Bank of England Senior Advisor and a senior practitioner with decades of default-management experience including Lehman Brothers and Long Term Capital.
Practical Strategies
Learn trading strategies, capital fundamentals, data systems, the four-criteria leverage netting test, and how to make informed trading decisions in a 2026 market..
Advanced Repo and Securities Borrowing and Lending Course
The Advanced Repo and Securities Borrowing and Lending Course is a comprehensive programme designed to equip delegates with a deep working understanding of repo and securities financing as it operates in a 2026 dealer franchise. The course covers a wide range of topics, from the fundamentals of liquidity and leverage through to the complexities of the Basel End Game and the digital-asset infrastructure reshaping the market over the next five years. Participants engage with practical case studies — Archegos, Evergrande, Silicon Valley Bank, Metro Bank, and the autumn 2022 UK gilt crisis — analysing real-world scenarios to apply the framework. Two guest interviews bring in voices from outside the slides: an ex-central-bank Senior Adviser on what financial-stability decisions look like from inside the Bank, and a senior practitioner who has been close to the default-management work in Lehman Brothers, Long Term Capital Management, and the bigger episodes since. The course also takes participants through trading strategies, risk management, and the influence of clearing on capital, risk-weighted assets, and leverage. By the end of the course, participants will have gained invaluable insight into the four binding constraints under which every modern dealer desk operates, the strategic implications of mandatory US Treasury clearing through 2026–27, the role of DLT-based platforms (Kinexys, HQLAx, Broadridge DLR, Fnality, D7) in 2030's repo market, and the practical tools to navigate the current regulatory and market environment.
About the Course
Join a select cohort of finance professionals for an intensive course, taking place over five half-days, designed to deepen your expertise in repo and securities financing. Running from 7 to 11 September 2026, online, three hours a day Monday to Friday — 12.00 UK, 13.00 EU, 07.00 NY, 19.00 HK. £1,650 inc VAT. Led by Glenn Handley, a seasoned expert with over three decades in global finance, the course offers a comprehensive curriculum covering: — In-depth analysis of repo and securities financing structures, including the GMRA and the five-engine dealer-desk model. — Basel III/IV regulations and the End Game — including the Output Floor, FRTB, SA-CCR and the four-criteria leverage netting test. — Strategies for managing the four binding constraints: capital, leverage, LCR and NSFR. — Mandatory US Treasury clearing under SEC Rule 17ad-22 (as extended February 2025): cash 31 December 2026, repo 30 June 2027. — The autumn 2022 UK gilt repo crisis end-to-end, plus four case studies (Archegos, Evergrande, Silicon Valley Bank, Metro Bank). — Digital-asset infrastructure — DLT-based settlement, tokenised collateral mobility, and intraday repo as a real LCR-relief mechanism. — Techniques for maximising P&L through effective book structure, asset classes, and counterparty management. This course has been successfully delivered to consulting clients including Broadridge, through ICMA in September 2024, and run repeatedly under the SecFin Solutions banner since November 2024 to consistently positive feedback. The May 2026 iteration delivered the new digital-asset module and updated material on the SEC's February 2025 mandatory-clearing extension. Secure your place today and advance your understanding of the dynamic world of securities financing.
Five half-days, three hours each, Monday to Friday — designed to fit the working week across global time zones (12.00 UK · 13.00 EU · 07.00 NY · 19.00 HK)
Recordings of every live session, all fifteen slide decks, primer, glossary, further reading and the seventy-page Participant Handbook — included.
Refreshed for September 2026: the SEC's February 2025 mandatory-clearing extension, the four-criteria leverage netting test, and the digital-asset infrastructure reshaping repo over the next five years.
Learning Outcomes / Course Agenda
The following learning outcomes reflect what delegates should be able to do after successfully completing the course: ☑ Understanding of Repo and Securities Financing: gain a comprehensive understanding of repo and securities financing, including various trade types, legal agreements, accounting treatment, and hedging risks. ☑ In-depth Knowledge of Basel III/IV and Other Regulations: understand the evolution of repo and securities financing markets, the impact of the 2008 Global Financial Crisis, and the post-GFC regulatory framework including the Basel End Game and the Output Floor. ☑ Mastery of Liquidity and Leverage Fundamentals: acquire expertise in managing liquidity ratios like LCR and NSFR and leverage, including the four-criteria netting test that applies to bilateral and cleared trades alike, plus calculation, optimisation, and real-time management. ☑ Practical Application through Case Studies: apply learned concepts to real-world scenarios, including case studies on Archegos, Evergrande, Silicon Valley Bank, and Metro Bank. ☑ Understanding the Impact of Clearing and Market Events: analyse the influence of clearing on capital, RWA, and leverage in repo and securities lending; the mandatory US Treasury clearing timetable (cash 31 December 2026; repo 30 June 2027); and significant market events such as the UK Gilt Repo crisis in Autumn 2022. ☑ Skills in Remedial and Emergency Actions: develop skills to take appropriate remedial and emergency actions in scenarios of stress, reporting errors, and regulatory changes. ☑ Capital and RWA Fundamentals: understand bank balance sheets, types of capital, capital ratios, and the calculation methods of Risk-Weighted Assets (RWAs). ☑ Trading Strategies and Decision Making: learn about various trading strategies in securities finance and their influence on trading decisions, including management of risk appetite, ratio management, futures basis and delivery, IRS overlay for matched-book hedging, and central-bank market intelligence. ☑ Data and System Requirements for Effective Trading: understand the data and system requirements essential for effective trading within the constraints of Basel III/IV, including trade execution, reporting, risk management, and liquidity tools. ☑ Maximising Profit and Loss (P&L): gain insights into maximising P&L through effective book structure, asset classes, client and counterparty management, and the five P&L engines of a modern dealer book. ☑ Digital Asset Readiness: understand DLT settlement primitives, the five live platforms (Kinexys, HQLAx, Broadridge DLR, Fnality, D7), tokenised collateral mobility, intraday repo for LCR relief, and the Digital Asset Readiness Framework (DARF). ☑ Reflections of a Central Banker: Ex Bank of England Senior Advisor shares insights into central banks' reactions to crisis. ☑ Reflections on Counterparty Defaults and Default management: Renowned market practitioner reflects on Lehman Brothers, Long Term Capital and other insolvencies.
Meet Your Expert Instructor
Glenn Handley is a seasoned expert in global finance, with over 34 years of experience in securities financing, repo, and capital markets. He held senior leadership roles at HSBC, including Managing Director and Global Head of G10 Rates Cash Financing Solutions, where he played a key role in developing the UK gilt and emerging markets repo businesses. Glenn has also worked closely with regulators such as the Bank of England and the PRA on repo market structure and best practices. Through his consultancy, SecFin Solutions, Glenn has delivered this Advanced Repo and Securities Lending & Borrowing course to several consulting clients including Broadridge, and to a broader audience via ICMA in September 2024. Since November 2024, he has run the course several times under the SecFin Solutions banner, consistently receiving outstanding feedback. The May 2026 iteration introduced new modules on digital-asset infrastructure (tokenised collateral, intraday repo) and the Digital Asset Readiness Framework (DARF). Glenn's combination of deep market knowledge, hands-on experience, and a passion for mentoring ensures that attendees gain both technical expertise and practical insight into the evolving world of securities financing.
Who should study the programme?
The Advanced Repo and SBL Course is ideally suited for professionals in the banking and finance sector, particularly those involved in or aspiring to be part of securities financing, treasury management, and risk management divisions. It is an excellent fit for individuals holding roles such as traders, risk managers, compliance officers, and financial analysts. The course is also highly beneficial for regulatory and policy-making professionals who need a deeper understanding of the repo and securities lending markets. Additionally, it would be advantageous for financial consultants, auditors, and legal professionals specialising in financial services regulation and practices. This programme is tailored for those seeking to enhance their expertise in advanced financial instruments and regulatory frameworks, aiming to stay abreast of the latest industry developments and best practices.