This is an excellent business law book. It explains the business and legal issues clearly and straightforwardly and gives the professional an understanding of the concepts and products involved.

• 1. An overview ; 2. The two principle market structures ; 2.1 The participants in the markets ; 2.2 The on-exchange market ; 2.3 Derivatives exchanges ; 2.4 The OTC Market ; 3. Key Concepts ; 3.1 'Long' and 'short' ; 3.2 The bid and offer spread ; 3.3 Tick ; 3.4 Margin ; 3.5 Example of tick and margin ; 4. Products ; 4.1 Forward contract ; 4.2 Futures contract ; 4.3 Option contract ; 4.4 Warrant ; 4.5 Forward Rate Agreement (FRA) ; 4.6 Swap ; 4.7 Cap, floor and collar contracts ; 4.8 Credit derivatives and synthetic CDOs ; 4.9 Fund derivatives ; 4.10 Multi-asset derivatives ; 4.11 The securitisation of derivatives cash flows ; 4.12 Repurchase and revers repurchase agreements ; 4.13 Financial engineering ; 5. Legal and regulatory ; 5.1 Legislation and regulation ; 5.2 The general prohibition ; 5.3 Regulated activities ; 5.4 Legal market structures ; 5.5 EU legislation ; 6. Risk and the on-exchange market ; 6.1 Recognised Investment Exchanges ; 6.2 Companies Act 1989 ; 6.3 Give-up Agreements and Clearing Agreements ; 7. Risk and the OTC market ; 7.1 OTC documentation generally ; 7.2 ISDA ; 7.3 The ISDA 2002 Master Agreement and Schedule ; 7.4 ISDA credit support ; 7.5 ISDA Confirmation ; 7.6 ISDA Definitions ; 7.7 TBMA/ISMA Global Master Repurchase Agreement ; 7.8 Advantages and disadvantages ; 8. Legal Issues ; 8.1 Unregulated forwards and regulated futures ; 8.2 The swap analysed as a contract ; 8.3 Derivatives contracts derived as other contracts ; 8.4 Credit derivatives documentation ; 8.5 The doctrine of ultra vires ; 8.6 The duty of care ; 8.7 The construction of terms of a derivatives contract ; 9. End-users ; 9.1 The investment management industry ; 9.2 Hedge funds ; 9.3 Corporate treasuries ; 9.4 Prime brokerage ; 10. Capital ; 10.1 Sources of regulation ; 10.2 Banks ; 10.3 Investment businesses ; 10.4 The capital Accord ; 10.5 Basel II ; 10.6 Credit rating ; 11. Accounting and Tax ; 11.1 Financial reporting ; 11.2 The taxation of transactions: hedging or trading ; 11.3 The taxation of transactions: income or capital gains ; 11.4 The taxation of transactions: witholding tax ; 11.5 The substance of transactions ; 11.6 Records and reporting ; 11.7 'Accounting-driven' transactions ; 12. Defining the risk map

This is an excellent business law book. It explains the business and legal issues clearly and straightforwardly and gives the professional an understanding of the concepts and products involved.

• 1. An overview ; 2. The two principle market structures ; 2.1 The participants in the markets ; 2.2 The on-exchange market ; 2.3 Derivatives exchanges ; 2.4 The OTC Market ; 3. Key Concepts ; 3.1 'Long' and 'short' ; 3.2 The bid and offer spread ; 3.3 Tick ; 3.4 Margin ; 3.5 Example of tick and margin ; 4. Products ; 4.1 Forward contract ; 4.2 Futures contract ; 4.3 Option contract ; 4.4 Warrant ; 4.5 Forward Rate Agreement (FRA) ; 4.6 Swap ; 4.7 Cap, floor and collar contracts ; 4.8 Credit derivatives and synthetic CDOs ; 4.9 Fund derivatives ; 4.10 Multi-asset derivatives ; 4.11 The securitisation of derivatives cash flows ; 4.12 Repurchase and revers repurchase agreements ; 4.13 Financial engineering ; 5. Legal and regulatory ; 5.1 Legislation and regulation ; 5.2 The general prohibition ; 5.3 Regulated activities ; 5.4 Legal market structures ; 5.5 EU legislation ; 6. Risk and the on-exchange market ; 6.1 Recognised Investment Exchanges ; 6.2 Companies Act 1989 ; 6.3 Give-up Agreements and Clearing Agreements ; 7. Risk and the OTC market ; 7.1 OTC documentation generally ; 7.2 ISDA ; 7.3 The ISDA 2002 Master Agreement and Schedule ; 7.4 ISDA credit support ; 7.5 ISDA Confirmation ; 7.6 ISDA Definitions ; 7.7 TBMA/ISMA Global Master Repurchase Agreement ; 7.8 Advantages and disadvantages ; 8. Legal Issues ; 8.1 Unregulated forwards and regulated futures ; 8.2 The swap analysed as a contract ; 8.3 Derivatives contracts derived as other contracts ; 8.4 Credit derivatives documentation ; 8.5 The doctrine of ultra vires ; 8.6 The duty of care ; 8.7 The construction of terms of a derivatives contract ; 9. End-users ; 9.1 The investment management industry ; 9.2 Hedge funds ; 9.3 Corporate treasuries ; 9.4 Prime brokerage ; 10. Capital ; 10.1 Sources of regulation ; 10.2 Banks ; 10.3 Investment businesses ; 10.4 The capital Accord ; 10.5 Basel II ; 10.6 Credit rating ; 11. Accounting and Tax ; 11.1 Financial reporting ; 11.2 The taxation of transactions: hedging or trading ; 11.3 The taxation of transactions: income or capital gains ; 11.4 The taxation of transactions: witholding tax ; 11.5 The substance of transactions ; 11.6 Records and reporting ; 11.7 'Accounting-driven' transactions ; 12. Defining the risk map

This is an excellent business law book. It explains the business and legal issues clearly and straightforwardly and gives the professional an understanding of the concepts and products involved.

• 1. An overview ; 2. The two principle market structures ; 2.1 The participants in the markets ; 2.2 The on-exchange market ; 2.3 Derivatives exchanges ; 2.4 The OTC Market ; 3. Key Concepts ; 3.1 'Long' and 'short' ; 3.2 The bid and offer spread ; 3.3 Tick ; 3.4 Margin ; 3.5 Example of tick and margin ; 4. Products ; 4.1 Forward contract ; 4.2 Futures contract ; 4.3 Option contract ; 4.4 Warrant ; 4.5 Forward Rate Agreement (FRA) ; 4.6 Swap ; 4.7 Cap, floor and collar contracts ; 4.8 Credit derivatives and synthetic CDOs ; 4.9 Fund derivatives ; 4.10 Multi-asset derivatives ; 4.11 The securitisation of derivatives cash flows ; 4.12 Repurchase and revers repurchase agreements ; 4.13 Financial engineering ; 5. Legal and regulatory ; 5.1 Legislation and regulation ; 5.2 The general prohibition ; 5.3 Regulated activities ; 5.4 Legal market structures ; 5.5 EU legislation ; 6. Risk and the on-exchange market ; 6.1 Recognised Investment Exchanges ; 6.2 Companies Act 1989 ; 6.3 Give-up Agreements and Clearing Agreements ; 7. Risk and the OTC market ; 7.1 OTC documentation generally ; 7.2 ISDA ; 7.3 The ISDA 2002 Master Agreement and Schedule ; 7.4 ISDA credit support ; 7.5 ISDA Confirmation ; 7.6 ISDA Definitions ; 7.7 TBMA/ISMA Global Master Repurchase Agreement ; 7.8 Advantages and disadvantages ; 8. Legal Issues ; 8.1 Unregulated forwards and regulated futures ; 8.2 The swap analysed as a contract ; 8.3 Derivatives contracts derived as other contracts ; 8.4 Credit derivatives documentation ; 8.5 The doctrine of ultra vires ; 8.6 The duty of care ; 8.7 The construction of terms of a derivatives contract ; 9. End-users ; 9.1 The investment management industry ; 9.2 Hedge funds ; 9.3 Corporate treasuries ; 9.4 Prime brokerage ; 10. Capital ; 10.1 Sources of regulation ; 10.2 Banks ; 10.3 Investment businesses ; 10.4 The capital Accord ; 10.5 Basel II ; 10.6 Credit rating ; 11. Accounting and Tax ; 11.1 Financial reporting ; 11.2 The taxation of transactions: hedging or trading ; 11.3 The taxation of transactions: income or capital gains ; 11.4 The taxation of transactions: witholding tax ; 11.5 The substance of transactions ; 11.6 Records and reporting ; 11.7 'Accounting-driven' transactions ; 12. Defining the risk map