Consulting Editor: Jonathan Denton
Practical Derivatives: A Transactional Approach
"The book was extremely well written, clear and concise. A beautiful selection of current topics with a good survey of articles." - Dr Jean-Pierre Zigrand, The London School of Economics"Pensions schemes are increasingly taking part in derivatives and this book is an excellent reference for those people who are making investment decisions, as it gives access to the practical tools necessary." - Pensions World
Developments in derivatives instruments have been arguably the most significant feature of the global capital markets in the last 20 years. Now used for a wide range of funding, risk management and investment applications, derivatives provide a range of benefits to market participants including the ability to manage price exposure and create synthetic exposure to assets.
This highly practical title shows how derivatives are used in a variety of transactions, how the documentation works and why boards need to be aware of them.
With contributions from leading law firms including Gide Loyrette Nouel, Davis Polk & Wardwell, Norton Rose and Slaughter and May and other industry participants such as Koch Supply & Trading and Morgan Stanley, this accessible book takes a transactional approach and features coverage of new product innovations. These include equity and energy derivatives and the expansion of derivatives into new markets such as credit risk, weather risk and property. The book also features topical analysis on corporate governance and directors' duties; ISDA documentation; collateral; close-out netting and structured derivatives.
Market participants in derivatives now include financial institutions, corporations, pension funds and hedge funds, supranational entities and governments and their legal advisers. Whether you are from a bank or financial institution or from a company or organisation looking to invest or manage your risk, this title will provide you with practical tools for using derivatives in your business.
Corporate governance and derivatives end users
Emissions trading under the Kyoto Protocol
Energy pricing and derivatives
Equity derivatives: selected US legal issues
Operational aspects of credit derivatives
Structural derivatives transactions: a legal overview