Practical Derivatives: A Transactional Approach, Fourth Edition

Derivatives have become an integral part of the international financial markets, but a deeper understanding of the market is needed. This fourth edition of Practical Derivatives: A Transactional Approach features new chapters on the rise of derivatives referencing cryptocurrencies and other digital assets, the emerging regulatory framework on both sides of the Atlantic, the completion of the regulatory framework for cleared and OTC derivatives, the development of non-English/New York law derivatives documentation, and the emergence of new structures in the securities finance world. It also includes updated chapters on how derivatives are used in the practical context, how the documentation works, and any pitfalls for the unwary.

Format: Hardback
Length: 728 pages
Publication date: 24 January 2023
Publisher: Globe Law and Business

The evolution of derivatives has been a remarkable journey, marked by the establishment of ISDA in 1985. These financial instruments have become an indispensable, integral, and deeply embedded part of the international financial markets. Following the 2008 financial crisis, a new global regulatory framework was instituted, accompanied by a series of operational, commercial, and documentation changes that have made the derivatives markets stronger, safer, and more resilient.

However, as we navigate an ever-evolving financial landscape, a deeper and more robust understanding of the derivatives market is more important than ever. This fourth edition of Practical Derivatives: A Transactional Approach is designed to provide just that. It features a number of new chapters that analyze the latest trends in various areas, including:

The rise of derivatives referencing cryptocurrencies and other digital assets, and the emerging regulatory framework on both sides of the Atlantic.

The slow but steady move to assets meeting the Environmental, Social, and Governance (ESG) criteria in the area of derivatives and structured products.

The completion of the regulatory framework for cleared and OTC derivatives.

The development of non-English/New York law derivatives documentation.

The emergence of new structures in the securities finance world.

In addition to these new chapters, this edition also includes updated chapters that explain how derivatives are used in the practical context, how the documentation works, and any pitfalls for the unwary. It provides real-life tips for the application and negotiation of transactions referencing key definitions, regulatory IM and VM documentation, and principal repo and stock lending forms of agreement.

This accessible book is a valuable resource for anyone involved in the derivatives market, from legal professionals to investment firms and academics. With contributions from leading law firms, investment firms, and academics, it offers a comprehensive and up-to-date perspective on the world of derivatives.

As we continue to evolve, it is clear that derivatives will play an increasingly important role in shaping the future of finance. By staying informed and up-to-date with the latest developments, we can ensure that the derivatives markets remain strong, safe, and resilient for years to come.

Dimension: 240 x 160 (mm)
ISBN-13: 9781787428423
Edition number: 4 New edition