The chapters are written by various people, often active in companies involved in creating or trading these securities or repos. Thus, an author from Countrywide Securities, and another from Ernst and Young. Also, the book is very recent.Hence, you get a good education in current understanding and practices involving the lending of securities. There is a natural progression in logic, from the base securities to options and repos that are derivatives of this base. Plus, several chapters address the key issue of what are the various types of risks involved, and how to quantify these.
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