Credit Derivatives

Credit Derivatives: Understanding and Working with the 2014 ISDA Credit Derivatives Definitions

AvEdmund Parker,Edmund Parker

Inbunden, Engelska, 2017

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Beskrivning

Credit derivatives have emerged from the financial crisis as a stronger and more robust product, heavily used by financial institutions, corporations, insurers, asset managers and pension funds. Much of the 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 6 October 2014, this new edition provides similarly detailed and comprehensive analysis of the heavily updated 2014 Definitions.This book covers the 2014 Definitions in detail, while also discussing the differences with the predecessor definitions. This practitioner-oriented title also covers auction settlement, the DC Rules, POB Rules, SRO Rules and the Determinations Committees, as well as looking in detail at the products that the 2014 Definitions are used with, such as single name and index credit default swaps, and structured products. The new edition 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 head of Mayer Brown’s Derivatives & Structured Products practice and an internationally recognised leading expert in the field.

Produktinformation

Utgivningsdatum:2017-01-01
Mått:160 x 240 x 40 mm
Vikt:1 080 g
Format:Inbunden
Språk:Engelska
Antal sidor:560
Förlag:Globe Law and Business Ltd
ISBN:9781909416642

Utforska kategorier

Finansiering inom Ekonomi och Ledarskap

Recensioner i media

Mr Parker ably achieves this goal [of creating a better understanding of credit derivatives products] through a combination of lucid prose, well organized charts and helpful examples.

Innehållsförteckning

Foreword 5Part I. Overview of Credit DerivativesIntroduction to credit derivatives 7Types of credit derivative products used with the 2014 ISDA Credit Derivatives Definitions 31Single Name Credit Default Swaps 71Index Credit Default Swaps 101Part II. Overview of the 2014 ISDA Credit Derivatives Definitions Differences between the 117 2003 and 2014 ISDA Credit Derivatives Definitions 117Overview of the 2014 ISDA Credit Derivatives Definitions 175Part III. 2014 ISDA Credit Derivatives Definitions in detailIntroduction, preamble 251and Article I – Certain General DefinitionsArticle II – Terms Relating to the Reference Entity and the Reference Obligation 283Article III – Terms Relating to Obligations and Deliverable Obligations 307Article IV – Credit Events 337Article V – General Terms Relating to Settlement 349Article VI: Terms Relating to Auction Settlement 353Article VII – Terms Relating to Cash Settlement 363Article VIII – Terms Relating to Physical Settlement 381Article IX – Fallback Provisions Applicable to Physical Settlement 397Article X – Effect of DC Resolutions 411Article XI – Additional Representations and Agreements of the Parties 415Article XII – Initial Payment Amount, Fixed Amounts and Floating Rate Payer Calculation Amount 421Article XIII – Credit Derivatives Physical Settlement Matrix 431Article XIV – Non-Standard 437Event Determination Date and Non-and Non-Standard Exercise Cut-off Date 437Part IV. Ancillary TopicsSupporting documentation and Supplements to the 2014 Definitions 443The ISDA Credit Derivatives Determinations Committees, DC Rules, SRO Rules and POB Rules 459Credit Derivatives Auction 519Settlement TermsAbout the author 551