The following Banking & Finance news provides comprehensive and up to date legal information on Sustainable finance and ESG monthly round–up—30 April 2025
Bills of exchange—structure and partiesBills of exchange are negotiable instruments that represent an unconditional promise by one party to pay...
Term Loan B facilitiesThis Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in...
Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...
Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum...
The nature of financial derivativesWhat is a derivative?A derivative is a type of financial instrument whose value is based upon the value of an underlying asset, index, rate or reference point. Derivatives can involve the physical delivery of an underlying asset by one party to the other party, or
Total return swapsWhat is a total return swap?A total return (or total rate of return) swap (TRS) is derivative contract in which one counterparty transfers the total economic performance, including income from interest and fees, gains and losses from price movements, and credit losses, of a
OTC and exchange traded derivatives—key features and conceptsSTOP PRESS—Impact of the Retained EU Law (Revocation and Reform) Act 2023: This document contains references to retained EU law (REUL) and associated terms introduced by the European Union (Withdrawal) Act 2018 in connection with Brexit.
ISDA definitionsThe vast majority of derivative transactions are documented by standard documentation developed and published by the International Swaps and Derivatives Association, Inc. (ISDA).The key ISDA document which sets out the commercial terms of a particular trade are set out in a
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