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 International Capital Market Association (ICMA) has updated its Bond Price Distribution Definitions, revising the industry taxonomy introduced in...
The European Commission has published legislative proposals to revise the EU Emissions Trading System (EU ETS), aiming to align the scheme with the...
This week's edition of Banking and Finance weekly highlights includes: (1) The Mansion House 2026 Speech which announced an SME lending package; (2)...
The government has published its National Security and Investment Act 2021 Annual Report 2025–26, highlighting a continued increase in the number of...
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
ISDA Credit Support Annex: security interest—New York lawUse of the Annex with ISDA Master Agreement and Schedule—the obligation to post collateralBy comparison to the English law Credit Support Annex (CSA) to the ISDA Master Agreement, the New York law CSA makes provision for liabilities to be
ISDA 2016 Credit Support Annex for Variation Margin (VM)—clause by clause guideWhat is the ISDA 2016 Credit Support Annex for Variation Margin?The 2016 Credit Support Annex for Variation Margin (VM) published by the International Swaps and Derivatives Association (ISDA) (2016 CSA VM) forms part of a
Foreign exchange (FX) derivativesWhat is a FX derivative?A foreign exchange (FX) derivative is a type of derivative whose payoff depends on the FX rates of two or more currencies. The market for FX is measured in trillions of dollars, and includes a substantial amount of FX derivative contracts.
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