William WebsterJul 93 minHedgingGuilty SecretsI worked with a client who provided a vivid lesson on the importance of the iceberg of risk. This is the story. The bank's treasury...
William WebsterDec 11, 20234 minBondsHow Do Fixed Coupon Bonds Work?A bond represents a long-term debt agreement. When entities need to raise capital for extended periods, they issue bonds. Generally,...
William WebsterNov 23, 20234 minBondsDecoding the Basics of Floating Rate NotesIntroduction A bond represents a long-term debt commitment. When an entity wants to borrow money for medium to long durations, they sell...
William WebsterNov 16, 20232 minMoney MarketsUnderstanding How Repurchase Agreements (Repos) WorkDemystifying Repurchase Agreements (Repos): A Primer In the intricate realm of financial transactions, the repurchase agreement, commonly...
William WebsterNov 9, 20234 minBondsExploring the Ins and Outs of Repurchase Agreement RisksBackround When I was running a treasury, repo agreements, or repurchase agreements, were very instrumental in the type of work we were...
William WebsterSep 11, 20204 mincreditWrite mortgages, wrong price?Too good? Selling mortgages with interest rates of between 1% and 4% may seem like an opportunity too good to miss, particularly now Bank...