Additional Information
Book Details
Abstract
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 title 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 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 head of Mayer Brown’s Derivatives & Structured Products practice and an internationally recognised leading expert in the field.
Table of Contents
| Section Title | Page | Action | Price |
|---|---|---|---|
| Front Cover | 1 | ||
| Title | 2 | ||
| Copyright | 3 | ||
| Table of contents | 4 | ||
| Foreword Edmund Parker Mayer Brown | 6 | ||
| Part I. Overview of Credit Derivatives | 8 | ||
| Introduction to credit derivatives | 8 | ||
| Types of credit derivative products used with the 2014 ISDA Credit Derivatives Definitions | 32 | ||
| Single Name Credit Default Swaps | 72 | ||
| Index Credit Default Swaps | 102 | ||
| Part II. Overview of the 2014 ISDA Credit Derivatives Definitions | 118 | ||
| Differences between the 2003 and 2014 ISDA Credit Derivatives Definitions | 118 | ||
| Overview of the 2014 ISDA Credit Derivatives Definitions | 176 | ||
| Part III. 2014 ISDA Credit\rDerivatives Definitions in detail | 252 | ||
| Introduction, preamble and Article I – Certain General Definitions | 252 | ||
| Article II – Terms Relating to the Reference Entity and the Reference Obligation | 284 | ||
| Article III – Terms Relating to Obligations and Deliverable Obligations | 308 | ||
| Article IV – Credit Events | 338 | ||
| Article V – General Terms Relating to Settlement | 350 | ||
| Article VI: Terms Relating to Auction Settlement | 354 | ||
| Article VII – Terms Relating to Cash Settlement | 364 | ||
| Article VIII – Terms Relating to Physical Settlement | 382 | ||
| Article IX – Fallback Provisions Applicable to Physical Settlement | 398 | ||
| Article X – Effect of DC Resolutions | 412 | ||
| Article XI – Additional Representations and Agreements of the Parties | 416 | ||
| Article XII – Initial Payment Amount, Fixed Amounts and Floating Rate Payer Calculation Amount | 422 | ||
| Article XIII – Credit Derivatives Physical Settlement Matrix | 432 | ||
| Article XIV – Non-Standard Event Determination Date and Non-Standard Exercise Cut-off Date | 438 | ||
| Part IV. Ancillary Topics | 444 | ||
| Supporting documentation and Supplements to the 2014 Definitions | 444 | ||
| The ISDA Credit Derivatives Determinations Committees, DC Rules, SRO Rules and POB Rules | 460 | ||
| Credit Derivatives Auction Settlement Terms | 520 | ||
| About the author | 552 |