Custom Side Menu

* Practical Derivatives: A Transactional Approach 4th ed

* Practical Derivatives: A Transactional Approach 4th ed
Product ISBN: 9781787428423
Status: Coming Soon (Pre-order Now)
HK$2,535.00

Product Details


Author(s):

Publication date:

Binding :

Publisher:

Qty: Add to Cart

NOT YET PUBLISHED

 

Marked by the establishment of ISDA in 1985, derivatives have become an indispensable, integral and deeply embedded part of the international financial markets. The new global regulatory framework instituted following the 2008 financial crisis was accompanied by a series of operational, commercial and documentation changes, which has made the derivatives markets stronger, safer and more resilient. However, a deeper and more robust product and regulatory understanding of the derivatives market is more important than ever.

This fourth edition of Practical Derivatives: A Transactional Approach features a number of new chapters analysing the latest trends in the following areas: the rise of derivatives referencing cryptocurrencies and other digital assets, and the emerging regulatory framework on both sides of the Atlantic; the slow but steady move to assets meeting the Environmental, Social and Governance (ESG) criteria in the area of derivatives and structured products; the completion of the regulatory framework for cleared and OTC derivatives; the development of non-English/New York law derivatives documentation; and the emergence of new structures in the securities finance world. It also includes updated chapters explaining how derivatives are used in the practical context, how the documentation works and any pitfalls for the unwary.

It provides real-life tips for the application and negotiation of transactions referencing:

  • 2021 ISDA Interest Rate Derivatives Definitions
  • 2014 ISDA Credit Derivatives Definitions
  • 2002 ISDA Equity Derivatives Definitions
  • 2005 ISDA Commodity Definitions
  • Regulatory IM and VM documentation, and
  • The principal repo and stock lending forms of agreement

With contributions from leading law firms, investment firms and academics, this accessible book takes a transactional approach and features coverage of product innovations. Whether you are at a bank, asset manager, pension fund, insurance company or other financial institution; from a company or organisation looking to invest or manage your risk; or involved in providing advisory services to these entities, this title will provide you with practical tools for using derivatives in your business.

table of content

Preface - Edmund Parker, Mayer Brown; Marcin Perzanowski, Simmons & Simmons
Part I: The regulatory and governance environment
Documentation for cleared OTC derivatives - Patrick Scholl, Mayer Brown
Overview of EU/UK derivatives regulation: EMIR, MIFiD, UK Rules - Tom Harkus, Matthew Hebburn, Igor Zyskind of Simmons & Simmons
Variation margin ("VM") requirements for noncentrally cleared derivatives - Matthew Hebburn, Simmons & Simmons
Initial margin ("IM") requirements for noncentrally cleared derivatives - Guy Antrobus, Emma Lancelott of Allen & Overy
Part II: Documenting and designing derivatives transactions
Overview of industry standard documentation - Guy Usher, Fieldfisher
Introduction to repo and stock lending documentation - Jonathan Haines, Ashurst LLP
Introduction to German derivatives documentation - Patrick Scholl, Mayer Brown
ESG derivatives - Fausto Giacomet, McDermott Will & Emery; Oliver West, Simmons & Simmons
Designing derivatives structures - John D. Finnerty, Fordham University; Rachael W. Park, AlixPartners LLP
Part III: Derivatives, asset classes and corresponding industry documentation
a) Commodity derivatives
Introduction to commodity derivatives - Edmund Parker, Mayer Brown; Marcin Perzanowski, Simmons & Simmons
Overview of the 2005 ISDA Commodity Definitions - Edmund Parker, Mayer Brown; Marcin Perzanowski, Simmons & Simmons
Emissions trading - Tim Baines, Edmund Parker of Mayer Brown
Energy derivatives and hedging strategies - Cyriel de Jong, KYOS
b) Equity derivatives
Introduction to equity derivatives - Edmund Parker, Mayer Brown; Marcin Perzanowski, Simmons & Simmons
Overview of the ISDA 2002 Equity Derivatives Definitions - Edmund Parker, Mayer Brown; Marcin Perzanowski, Simmons & Simmons
c) Credit derivatives
Introduction to credit derivatives - Edmund Parker, Mayer Brown
Overview of the 2014 ISDA Credit Derivatives Definitions - Edmund Parker, Mayer Brown
d) Other derivatives classes Interest rate derivatives and documentation - Matthew Hebburn, Oliver Ward of Simmons & Simmons
FX derivatives - David R. Johnson, First Abu Dhabi Bank, PJSC US
regulations of digital asset derivatives - an evolving landscape - Diona N. Park, Joyce Xu of Paul Hastings LLP
Cryptos in the UK/EU - Rosali Pretorius, Oliver Ward of Simmons & Simmons