دانلود کتاب Mastering the ISDA Master Agreements (1992 and 2002): A Practical Guide for Negotiation

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Cover......Page 1
Mastering the ISDA® Master Agreements (1992 and 2002)......Page 2
About the author......Page 4
Disclaimer......Page 5
Contents......Page 6
Acknowledgements......Page 9
Author’s foreword......Page 11
Introduction......Page 14
Differences between the OTC and exchange-traded derivatives market......Page 15
Main products......Page 17
How a deal is done from start to finish......Page 22
The people involved......Page 26
The documentation process......Page 28
The evolution of the ISDA Master Agreement......Page 30
Inefficient documentation of trades in the market’s early days......Page 31
The ISDA documentation architecture......Page 32
The ISDA Master Agreement......Page 37
The 1992 ISDA Master Agreement......Page 42
Section by section analysis of the 1992 ISDA Master Agreement......Page 44
Glossary of most terms in Section 14......Page 144
The 2002 ISDA Master Agreement......Page 178
Evolution of the 2002 ISDA Master Agreement......Page 180
Section by section analysis of the 2002 ISDA Master Agreement......Page 182
Glossary of most terms in Section 14......Page 332
Analysis of the Schedule......Page 362
What did not make it into the 2002 ISDA Master Agreement......Page 393
Implementation of the 2002 ISDA Master Agreement......Page 394
Legal issues relating to the ISDA Master Agreement from the European and US perspectives......Page 396
Gaming/wagering......Page 398
Legal capacity......Page 399
Credit derivatives......Page 402
Authority......Page 407
Suitability......Page 408
Financial Services and Markets Act 2000......Page 409
Enforceability of close-out netting and set-off......Page 410
Cross-border netting on insolvency......Page 412
Markets in Financial Instruments Directive (MiFID)......Page 413
ISDA collective legal opinions......Page 414
Credit Support......Page 415
US perspective by Christian A. Johnson......Page 417
Enforcement of New York choice of law......Page 418
US bankruptcy and banking insolvency law......Page 419
Non-New York Head Office of a US counterparty......Page 425
The Commodity Exchange Act (1974) and the Commodity Futures Modernization Act (2000......Page 426
Gaming and bucket shop laws......Page 432
Credit issues relating to the ISDA Master Agreement......Page 434
Addition of Specified Entities......Page 435
Specified Indebtedness......Page 436
Downgrade from Cross Default to cross acceleration......Page 438
Credit Event Upon Merger......Page 439
Set-Off......Page 440
Transfers......Page 441
Other credit issues......Page 442
Categories of risk in the Agreement......Page 443
Using the ISDA Master Agreement to enhance credit protection......Page 444
The “vanilla ISDA”......Page 445
Operational issues......Page 448
Confirmations......Page 449
Payments......Page 450
Deliveries......Page 452
Early termination or close-out......Page 453
Administrative matters......Page 454
Negotiation of a 2002 ISDA Master Agreement Schedule......Page 456
Sample Schedule......Page 458
Variants and implications of each provision......Page 472
Other provisions commonly seen in the market andtheir implications......Page 603
Part 6 – FX transactions and currency options......Page 640
Special provisions for special entities and those sought by US counterparties......Page 664
Building societies......Page 665
Investment funds......Page 669
Hedge funds......Page 678
Pension funds......Page 683
Insurance companies......Page 685
Sovereign entities......Page 688
Supranationals......Page 692
Covered bonds......Page 694
Individuals......Page 696
Loan linked ISDA Schedules......Page 697
US Schedule provisions......Page 712
The credit crunch......Page 726
What happened?......Page 727
The current position......Page 729
Possible future developments......Page 730
Annexes......Page 732
Bibliography......Page 806
Index......Page 810