Unlock the Secrets of Repo Trading

Every bond trader knows that financing matters - but few understand how or why the repo desk makes the decisions it does. You’re left guessing about haircuts, scratching your head at why certain bonds “go special,” or wondering how transfer pricing is even calculated. Meanwhile, the repo desk seems to speak another language entirely. They talk about leverage, LCR, balance sheet usage, netting sets—and you're left thinking, “Just tell me if I can get the trade on.” This course breaks down that wall. "Repo for Bond Traders" is a full-day masterclass designed to reveal what’s happening behind the curtain of the repo desk—so you can trade more intelligently, anticipate funding costs, and stop losing margin to miscommunication. 🎯 Why This Matters Now With tighter regulation, scarcer balance sheet, and volatile liquidity conditions, funding risk has become P&L risk. If you don’t understand the funding consequences of your trading decisions, you’re operating with one hand tied behind your back. This course gives you the tools to: Recognise when a bond is likely to go special—and how to position for it Structure trades that are balance sheet-friendly Understand why your repo desk says “no” (and how to get a “yes”) Reduce financing costs through smarter inventory and tenor choices Navigate intraday liquidity, term markets, and regulatory constraints with confidence 👁️‍🗨️ Why I’m Sharing This I'm Glenn Handley—former repo trader, global head of secured funding, and the person you would have called when your trade needed funding. For years, I was the guy explaining to bond desks why they couldn't fund that obscure EM bond on quarter-end, or why a simple switch trade became impossible once NSFR kicked in. I've worked both sides—trading and management—and seen the huge opportunity cost when cash and funding desks don’t understand each other. This course is me telling you everything I wish more traders knew. Not the textbook stuff—but the real, practical, front-office dynamics that drive decisions inside large banks, dealers, and central funding teams.