Set-Off and Netting, Derivatives and Clearing Systems

This book covers the essential principles of set-off, netting, derivatives and clearing systems from a practical perspective, providing the reader with an in-depth explanation of the core concepts of these interrelated processes, products and systems.

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Part of the Law and Practice of International Finance series, this work gives practical guidance on set-off and netting, derivatives and clearing systems, in virtually all the world's jurisdictions to help you reduce exposure to risk in international financial contracts.
This volume: - Provides you with a worldwide comparative study of set-off and netting, including a survey of special netting statutes globally so you can apply the appropriate legislation, directives and case law correctly, no matter where the parties are based or operating - Includes outlines of set-off and netting agreements, including group account netting, together with commentary so you can draft agreements easily - Covers all types of derivatives and derivative markets and the legal risks that may arise so you are clear on the law surrounding how these should be agreed - Gives you clear outlines for swaps and derivatives transactions, clarifying the terms used to help you with this complex area - Discusses the legal risks of derivatives so you know what to look out for - Analyses the ISDA master agreement giving you expert guidance on its meaning and how it can be used in practice - Deals with the law of securities and settlement systems so that you know how the law and systems can be used effectively and efficiently