Standard ISDA Confirmation documentation is used in over 95% of credit derivative transactions, and this book provides you with a complete annotation of the revised 2003 ISDA Credit Derivatives Definitions.

Standard ISDA Confirmation documentation is used in over 95% of credit derivative transactions, and this book provides you with a complete annotation of the revised 2003 ISDA Credit Derivatives Definitions.

Credit derivatives have emerged from the financial crisis as a stronger and more robust product, and remain heavily used by financial institutions, corporations, insurers, asset managers and pension funds. Much of our original title, Credit Derivatives: Documenting and Understanding Credit Derivative Products, focused on the 2003 ISDA Credit Derivative Definitions. With the launch of the 2014 ISDA Credit Derivatives Definitions, which became market standard definitions for documenting credit derivatives transactions on October 6 2014, this new title will provide a detailed and comprehensive analysis of the new 2014 Definitions. This practitioner-oriented book will cover auction settlement; the amendments addressing the euro sovereign debt crisis and potential euro break-up of 2012; as well as changes for mandatory bail-ins, successors, guarantees, standardisation for mandatory clearing, credit events, delivery and much more. The 2014 Definitions are the first comprehensive update of the credit derivatives definitions in over a decade. This book covers the definitions in detail, while also discussing the differences with the predecessor definitions.The book provides practical reading for lawyers, whether in private practice or in-house, and all credit derivatives market participants looking to gain a solid understanding of the new definitions. Author Edmund Parker is the global co-head of derivatives at Mayer Brown and an internationally recognised expert in the field

These are intended for use in confirmations of individual transactions governed by agreements such as the 1992 ISDA Master Agreements. The definitions are primarily an expansion and revision of the 1998 confirmation of OTC swap transaction. They provide the basic framework for the documentation of certain privately negotiated credit derivative transactions. Includes sample form of confirmation.