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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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

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ISBN13: 9781909416642
To be Published: November 2016
Publisher: Globe Law and Business
Country of Publication: UK
Format: Hardback
Price: £275.00

Credit derivatives have emerged from the financial crisis as a stronger and more robust product, and remain heavily used by financial institutions, corporations, insurers, asset managers and pension funds. Much of our 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 October 6 2014, this new title will provide a detailed and comprehensive analysis of the new 2014 Definitions.

This practitioner-oriented book will cover auction settlement; the amendments addressing the euro sovereign debt crisis and potential euro break-up of 2012; as well as changes for mandatory bail-ins, successors, guarantees, standardisation for mandatory clearing, credit events, delivery and much more. The 2014 Definitions are the first comprehensive update of the credit derivatives definitions in over a decade. This book covers the definitions in detail, while also discussing the differences with the predecessor definitions.

The book 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 co-head of derivatives at Mayer Brown and an internationally recognised expert in the field.

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Banking and Finance
Table of contents

Part 1: Overview
1. Overview
2. Differences between the 2003 ISDA Credit Derivatives Definitions and the 2014 ISDA Credit Derivatives Definitions
2014 ISDA Credit Derivatives Definitions in Brief

Part 2: ISDA Credit Derivatives Definitions in Detail
4. Article I
5. Article II
6. Article III
7. Article IV
8. Article V
9. Article VI
10. Article VII
11. Article VIII
12. Article IX
13. Article X
14. Article XI
15. Article XII
16. Article XIII
17. Article XIV

Part 3: Ancillary Issues
18. Understanding Auction Settlement
19. Related Protocols
20. Interaction with Structured

Notes and Other Products