Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
9th Apr
Practice notes
Ratings outlooks and watch-listsThe three main credit rating agents (CRAs), Moody's Investors, Standard & Poor's (S&P) and Fitch Ratings, periodically...
9th Apr
Practice notes
Companies, governments and municipalities issue bonds to finance their operations and fund projects. The bond market offers a very efficient way to...
Produced in partnership with Katerina Papamichael of D F King (Europe) Limited
9th Apr
Practice notes
The terms ‘bonds’ and ‘notes’ are used interchangeably (and there is no legal difference between the terms), though notes tend to be issued either...
9th Apr
Practice notes
The nature, main types and main uses of financial derivatives are summarised in Practice Notes: The nature of financial derivatives and Types of...
8th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
8th Apr
Practice notes
Management of issuer riskIn structured finance transactions (including securitisations), a special purpose vehicle (an SPV, also referred to as the...
8th Apr
Practice notes
The main types of derivatives are:•swaps•forwards •futures, and•optionsThis Practice Note explains the key features of each of the above types of...
8th Apr
Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
8th Apr
Practice notes
What 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...
8th Apr
Practice notes
Debt securities, such as bonds, medium-term notes and commercial paper, are financial instruments which acknowledge a debt (see Practice Note: Types...
8th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
8th Apr
Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
8th Apr
Practice notes
The vast majority of derivative transactions are documented by standard documentation developed and published by the International Swaps and...
8th Apr
Practice notes
The International Swaps and Derivatives Association, Inc. (ISDA) is an association for participants in the derivatives industry. It has developed...
8th Apr
Practice notes
ISDA documentsThe 1992 and 2002 ISDA Master Agreements (the Master Agreements) are standard form documents produced by the International Swaps and...
8th Apr
Practice notes
English and New York law are the two most commonly selected governing laws for the International Swaps and Derivatives Association (ISDA)...
8th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
8th Apr
Practice notes
Role The role of credit rating agents (CRAs) is to provide an objective and analytical opinion on the risk of payment defaults by looking at various...
8th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
8th Apr