Discover essential resources and expert insights designed specifically for legal professionals navigating the complexities of derivatives. Stay ahead in a fast-evolving sector with practical guidance, regulatory updates, and best practices to effectively advise your clients and manage risk.
The Association for Financial Markets in Europe (AFME) has submitted its response to the Financial Policy Committee (FPC)’s review of UK bank capital...
This week's edition of Banking and Finance weekly highlights includes: (1) Our cases round-up from March 2026; (2) Our Sustainable finance and ESG...
This edition of the Sustainable finance and ESG round-up from the Finance Group includes: (1) HM Treasury publishes Good Practice Guide —TCFD...
Banking & Finance analysis: This News Analysis provides a summary of the cases we have alerted in Banking & Finance for March 2026....
Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...
Foreign exchange (FX) derivativesWhat is a FX derivative?A foreign exchange (FX) derivative is a type of derivative whose payoff depends on the FX...
Types of debt securitiesWhat are debt securities?In the context of the debt capital markets, the term 'debt security' means a financial instrument,...
An introduction to repo and the Global Master Repurchase Agreement (GMRA)Coronavirus (COVID-19): This Practice Note contains information on subjects...
Credit linked notesWhat is a credit linked note?A credit linked note (CLN) is a funded credit derivative (see Practice Note: What are credit derivatives?). Unlike a credit default swap (which is in essence its unfunded equivalent), a CLN will be reflected on the balance sheet of the issuer of the
A negotiation guide for the 2002 ISDA ScheduleWhat is the ISDA Schedule?The International Swaps and Derivatives Association (ISDA) documentation framework involves layers of documentation (often referred to as the ISDA documentation architecture). The key layers of the documentation for a trade
Total return swap (TRS) structure diagramHow does a total return swap work?•The TRS payer (protection seller) is, for example, a bank, A, and the TRS receiver (protection buyer) is, for example, a hedge fund, insurance company, pension scheme, UCITS or other investment fund, B.•A holds the reference
ISDA and FIA Cleared Derivatives Execution Agreement and AddendumClearing requirements have brought about significant changes to derivatives documentation. While uncleared derivatives continue to be governed by an International Swaps and Derivatives Association (ISDA) Master Agreement and a Credit
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