Mastering Collateral Management and Documentation: A Practical Guide for Negotiators - Softcover

Harding, Paul; Johnson, Christian

Softcover

ISBN 10: 0273659243 ISBN 13: 9780273659242

Publisher: Financial Times/ Prentice Hall, 2002

Synopsis

In response to the continuing and growing use of collateral by banks and other financial institutions, this is the first comprehensive book on the subject.  This practical guide provides negotiators with a clear, concise explanation of the topic, from an operational perspective and with particular focus on the five ISDA Credit Support Documents. Collateral is now big business. In January 2001 the International Swaps and Derivatives Association, Inc. (ISDA) calculated that between US$175-200 billion was pledged as collateral to protect credit exposure in the derivatives market. The authors estimate that 20-25% of interest rate and currency swap trades are now covered by collateral. This book describes collateral documentation in jargon-free, concise terms making it the must have book for all junior and experienced negotiators in this field.

About this title

About the Author

Paul Harding is Managing Director of Derivatives Documentation Ltd, a derivatives consultancy and project management company based in the City of London. Its clients include many of the world's leading banks.

Christian Johnson is an associate professor based at Loyola University Chicago School of Law.

From the Back Cover

"An excellent review of an important and complex area, analysing the critical legal, operational and credit strands together in one volume. This will add to the understanding of an increasingly vital area of risk management, where the consequence of any failure is that a false sense of security may be the only security you are left holding!"

Keith Spiller, Executive Director, UBS Warburg

"Comprehensive yet practical, this timely volume offers lawyers, risk-managers and documentation specialists the necessary insight into today's collateral management practices. Additionally it offers those institutions that wish to start up their collateral program a well-structured overview of the issues under consideration both from a European and US perspective."

David Suetens, Senior Vice President, Risk Management

 

In response to the continuing and growing use of collateral by banks and other financial institutions, this is the first comprehensive book on the subject.  This practical guide provides negotiators with a clear, concise explanation of the topic from an operational perspective and with particular focus on the five ISDA Credit Support Documents.

 

Collateral is now big business. In January 2001 the International Swaps and Derivatives Association, Inc. (ISDA) calculated that US$175-200 billion was pledged as collateral to protect credit exposure in the derivatives market. The authors estimate that 20-25% of interest rate and currency swap trades are now covered by collateral.

 

This book describes collateral documentation in jargon-free, concise terms making it the must-have book for all junior and experienced negotiators in this field.

Edition details

• Publisher: Financial Times/ Prentice Hall
• Publication date: 2002
• Language: English
• ISBN 10: 0273659243
• ISBN 13: 9780273659242
• Binding: Paperback
• Edition number: 1
• Number of pages: 608