Subjects:

Banking and Finance, Conflict of Laws

Contents:

Part 1: Set-off and Netting

1. Principles of set-off and netting

2. Insolvency set-off and netting

3. Set-off between solvent parties

4. Set-off and netting Mutuality

5. Set-off against interveners: assignees, attaching creditors, undisclosed principals and others

6. Conflict of laws for set-off and netting

7. Special netting statutes

8. World summary of set-off and netting

9. Outlines of set-off and netting agreements and commentary

Part 2: Derivatives

10. Transactions Derivatives

11. Derivatives Markets

12. Documentation of Derivatives and the ISDA Forms

13. Legal Aspects of Derivatives

Part 3: Payment and Securities Clearing Systems

14. Structure and Operation of Payment Systems

15. Insolvency Risks and time of payment

16. Bank Liabilities in Payment Systems

17. Payment Systems and Conflict of Laws

18. Settlement Systems for Securities

19. EU Directives on Clearings

Volume 4 in the Law & Practice of International Finance Series

This volume examines set-off and netting, derivatives and clearing systems, providing a comparative overview of the law and practice in the key jurisdictions of the world.

• Contains a worldwide comparative study of set-off and netting including a survey of special netting statutes globally
• Provides outlines of set-off and netting agreements together with commentary, including group account netting
• Surveys the types of derivatives and derivatives markets
• Examines derivatives documentation
• Provides clear outlines for swaps and derivatives transactions often muddled by imprecise jargon
• Discusses the legal risks arising from derivatives
• Analyses the ISDA master agreement
• Deals with the law of securities settlement systems