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

A timely updating of the only accessible single volume guide to the ISDA Credit Support Annexes, sanctioned under English and US law. The Annexes collateralise or secure over the counter derivatives risk exposure. This is the companion book to Mastering the ISDA Master Agreements, now in its third edition. First published in 2002, the book is a guide to negotiation of the two main ISDA Credit Support Annexes which are used to support the ISDA Master Agreements. The ISDA Credit Support Annexes are the main support documents which relate to collateralised or secure over the counter derivatives risk exposure. This book covers collateral management from an operational perspective and focuses on the two main ISDA Credit Support Documents. It provides a clear concise narrative on their provisions and amendments

Securities lending master agreements are vital for covering securities loans between contracting parties. They also offer legal and credit protection and a close-out netting procedure if a party defaults or goes bankrupt. These agreements are widely used by banks, securities houses, pension funds, hedge funds and insurance companies. Mastering Securities Lending Documentation is a practical guide to understanding the negotiation of these master agreements used in the United Kingdom, United States and Europe. It is an essential handbook for anyone involved in negotiating these agreements and includes: An introduction to the history and operations of the market A clear, user-friendly explanation of all paragraphs of the master agreements An easy-to use split page format with the original text and commentary Examples of commonly negotiated additions and amendments and their implications Answers to legal, risk and operational questions

Credit Derivatives: Documenting and Understanding Credit Products examines the full spectrum of credit derivatives transactions. This accessible new title explains, in straightforward terms, each type of credit derivatives transaction, together with the documentation involved. In particular, the book analyses and guides the reader through the full suite of credit derivatives documentation.