Financing

Financing products fund a position or lend against one: a repo lends cash against a bond, a bond forward buys a bond for later delivery at a price carried on the repo curve, and a bond total return swap passes a bond's return to one side for a funding leg. A loan lends cash to a borrower, and a fee is one dated amount. The repo, the bond forward and the bond total return swap read the repo curve for their collateral, built as a spread over the overnight curve.

Start with How financing works for why each product reads the repo curve, then look up the calls on the reference pages.

Pages

Page	What it covers
How financing works	why bonds are financed on repo, margin and haircuts, carry, resets, what a lender is paid for, fees
Repo	repo and reverse on a GC template, classic and buy/sell-back, the margin position
Bond forward	a bond forward and its forward price on the repo curve
Bond TRS	a bond total return swap, its funding, and restating after a reset
Loan	fixed and floating loans, par quotes, amortisation, credit, prepayment and put rights
Fee	one dated amount, valued from either side and tabled

Common tasks

• Value a repo and its haircut

Where next

The repo templates and their terms are in the repo conventions catalog. Repo curves themselves are on repo spread curves, and the collateral bond on fixed-rate bond.