2003年ISDAクレジットデリバティブ定義集：実務ガイド A Practical Guide to the 2003 ISDA Credit Derivatives Definitions

Harding, Paul C.

Euromoney Institutional Investor PLC（2004/06発売）

• 製本 Paperback:紙装版/ペーパーバック版／ページ数 268 p.
• 言語 ENG
• 商品コード 9781843741473

基本説明

In addition to section by section commentary on the Definition themselves, this book covers new developments in the credit derivatives market.

Full Description

A user-friendly guide to these complex Definitions for market practitioners and those new to credit derivatives documentation. In addition to a comprehensive section by section commentary on the Definitions themselves, this book ensures that you understand: The evolution of the global credit derivatives market, the main credit derivative products and risks associated with them. Legal issues affecting credit derivatives and some causes celebres. New developments in the credit derivatives market, including master confirmation agreements, ISDA credit derivatives documentation projects and electronic processing of credit derivatives contracts. Includes a glossary of key terms used in the Definitions and reproduction of the Definitions, the May 2003 Supplement to the Definitions and the 60 Business Day cap side letter all reproduced with the kind permission of the International Swaps and Derivatives Association, Inc.

Contents

Contents Acknowledgements About the author Foreword Preface Glossary Chapter 1 General overview Introduction Evolution of the credit derivatives market and market size Uses of credit derivatives Their main use: transferring risk to a third party The main credit derivatives products Risks associated with credit derivatives Chapter 2 Legal issues affecting credit derivatives The insurance question Gaming Netting Transferability Confidentiality Selected causes celebres Chapter 3 The 2003 ISDA Credit Derivatives Definitions Preamble Article I Certain General Definitions Article II General Terms Relating to Credit Derivative Transactions Article III Conditions to Settlement Article IV Credit Events Article V Fixed Amounts Article VI General Terms Relating to Settlement Article VII Terms Relating to Cash Settlement Article VIII Terms Relating to Physical Settlement Article IX Additional Representations and Agreements of the Parties Article X Novation Provisions ISDA fallbacks in the 2003 Definitions Chapter 4 New developments The ISDA Credit Derivatives Market Practice Committee and working groups Rule on when credit protection starts The 2003 Master Credit Derivatives Confirmation Agreements The May 2003 Supplement The 60 Business Day Cap on Settlement Capital relief for Restructuring under Basle II Standardisation of Scheduled Termination Dates Initial stub period ISDA documentation projects Electronic processing of credit derivative contracts Credit Index Futures Further reading Index Annex 1 2003 ISDA Credit Derivatives Definitions Annex 2 May 2003 Supplement to the 2003 ISDA Credit Derivatives Definitions Annex 3 Letter Agreement Relating to 60 Business Day Cap on Settlement