The Law on Financial Derivatives

This highly-regarded work provides an in-depth, practitioner's analysis of the legal principles underlying over the counter derivatives. It draws together concepts from many areas of law - including contract, tort and trusts - and explains how they relate to the day-to-day practice of financial derivatives markets. Its clear, readable style ensures it is both an effective guide on basic issues and a source of detailed answers to complex questions. All the key aspects of derivative products are discussed, such as creating and structuring derivatives contracts, performance, security and collateral, set-off and netting, taxation and regulation, as well as issues relating to the conflict of laws. The work also includes appendices dealing with standard market documemtation for OTC derivatives, such as the International Swap Dealers Association (ISDA) Master Agreement. This edition has been extensively updated and revised in the light of recent case law and developing market practice. It includes: * Increased analysis of the 2002 ISDA Master Agreement * Analysis of the progressive change to Credit Support Documents * Increased treatment of financial services regulation in light of the