Mastering ISDA Collateral Documents

Series
Financial Times
Author
Paul Harding / Christian Johnson  
Publisher
Pearson
Cover
Softcover
Edition
2
Language
English
Total pages
520
Pub.-date
December 2011
ISBN13
9780273757177
ISBN
0273757172


Product detail

Product Price CHF Available  
9780273757177
Mastering ISDA Collateral Documents
183.20 approx. 7-9 days

Table of Contents

About the authors

Disclaimer 

Acknowledgements

Authors’ foreword

 

1 Introduction

Definition of terms

Why collateral is taken

Types of collateral

Product risk exposure covered

Evolution of collateral documentation

 

2 Collateral management from a European perspective

Some facts and figures

What collateral management units do

The importance of policies and procedures

Setting up the collateral relationship

Exposure monitoring and collateral valuation and calling

Transfers

Reuse of collateral

Collateral substitutions

Distributions

Disputes

Portfolio reconciliations

Defaults

Branches

External collateral management services

 

3 Legal issues relating to collateral from the European and US perspectives

European perspective by Paul Harding

Introduction

General issues

Recharacterisation

Conflict of laws rules

The PRIMA rule

Other legal issues

ISDA collateral legal opinions

The European Directive on Financial Collateral Arrangements

Draft Hague Convention on indirectly held securities

Amending Directive to the Collateral Directive and Settlement

Finality Directive

Geneva Securities Convention

Collateralisation and central clearing counterparties

US perspective by Christian Johnson                                                                        

Introduction                                                                                                                 

Enforcement of New York choice of law                                                                      

Security interest creation and perfection                                                                        

Exercising  rights under the Security Agreement

Other issues

Other enforcement concerns

Dodd-Frank changes

4 Credit issues relating to collateral

Establishment of collateral management risk guidelines

Initial margin

Haircuts

Thresholds

Minimum Transfer Amounts

Eli

Back Cover

Mastering the ISDA®Collateral Documents

A practical guide for negotiators  [subtitle]

second edition

Paul C. Harding & Christian Johnson

 

[Front bullets]

  • Provides clear, detailed and practical guidance on ISDA®Collateral Support Documents  
  • Describes collateral management in concise terms and with screen-based examples

[ BACK JACKET ]

Mastering the ISDA®Collateral Documents

A practical guide for negotiators  [subtitle]

second edition

 

As the only accessible single volume guide to the ISDA Credit Support Annexes under English and US law, this revised and updated edition remains an invaluable resource for anyone negotiating these documents. Mastering the ISDA®Collateral Documentsis the essential introduction to collateral documentation.

 

This thoroughly revised and updated edition provides informative and practical guidance and covers collateral management from an operational perspective. It focuses on the two main ISDA Credit Support Documents and provides a clear, concise explanation of their provisions and amendments commonly seen in the market. 

 

Mastering the ISDA®Collateral Documentsincludes:

  • The implementation of the European Directive on Collateral Financial Arrangements in all EU States
  • ISDA’s Best Collateral Practices (2010)
  • Latest position on ISDA’s Dispute Resolution Procedures
  • Industry initiatives on portfolio reconciliation rules 

[ FRONT FLAP ]

Mastering the ISDA®Collateral Documents

A practical guide for negotiators  [subtitle]

second edition

This book is clear, concise and up-to-date. Mastering the ISDA®Collateral Documentscovers everything you need to know to master these important documents.

 

Chapters cover:

  • Types of collateral, product risk exposure and the evolution of collateral documentation
  • Collateral management from a European perspective
  • Legal issues relating to collateral from the European and US perspective
  • Credit issues relating to collateral
  • The English Law ISDA Credit Support Annex
  • The New York Law ISDA Credit Support Annex
  • The ISDA English Law Credit Support Deed

[ BACK FLAP ]

Mastering the ISDA®Collateral Documents

A practical guide for negotiators  [subtitle]

second edition

Paul C. Harding is a graduate of London University and has worked in several UK and foreign banks in London in credit, marketing and documentation roles. Since 1990 he has been involved with OTC derivatives documentation and was a well known negotiator in the City of London with Barclays Capital Securities Limited and Hill Samuel Bank Limited where he was Head of Treasury Documentation.

 

In February 1997 he co-founded Derivatives Documentation Limited, a derivatives consultancy and project management company which provides negotiation, recruitment and in-house training services in derivatives and securities documentation. Its clients include many of the world's leading banks. (www.derivsdocu.com)

 

Paul is the author of Mastering the ISDA® Master Agreements (1992 and 2002), now in its third edition and is co-author with Christian Johnson ofMastering Securities Lending Documentation, both published by Financial Times Prentice Hall. He and Christia

Author

Paul C. Hardingisa graduate of London University and has worked in several UK and foreign banks in London in credit, marketing and documentation roles.  Since 1990 he has been involved with derivatives documentation. He is the founder of Derivatives Documentation Limited, a derivatives consultancy and project management company providing negotiation, recruitment and in-house training services in derivatives documentation. He is the author of Mastering the ISDA Master Agreements and, Mastering Securities Lending Documentation.