Documentation for Derivatives, Vol. 1 (Fourth Edition) - Hardcover

Klain

9781855649903: Documentation for Derivatives, Vol. 1 (Fourth Edition)

Hardcover

ISBN 10: 185564990X ISBN 13: 9781855649903

Publisher: Euromoney Institutional Investor, 2002

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Written by leading US financial lawyers Anthony C. Gooch of Cleary, Gottlieb, Steen & Hamilton and Linda B. Klein of Dewey Ballantine LLP, this fully revised, updated and expanded book is the fourth edition of the best-selling guide to derivatives documentation. Interest areas: credit derivatives, equity derivatives, documentation, ISDA, swaps, options, futures, legal documentation.

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About the Author

Anthony C Gooch is a partner of Cleary, Gottleib, Steen & Hamilton, based in the firm's New York office. He works on international financial and commercial transactions, including documentation for transactions of the kinds illustrated in this volume, domestic and international loans, sovereign debt restructuring, international debt and equity issues, investment company offerings, asset securitizations, privatizations and cross-border mergers and acquisitions. Mr Gooch grew up in Brazil, and his practice includes work for Brazilian private- and public-sector entities, as well as international investors, lenders and investment banks with interests in Brazil and other Latin American countries. He holds a BA degree from the University of the South, a diploma from the College of Europe and JD and MCH degrees from New York University School of Law, where he was Articles Editor of the Law Review.

Linda B Klein is counsel to Debevoise and Plimpton, based in the firm's New York office. She works on a wide variety of domestic and international financial transactions. Her practice includes work on derivative transactions of all kinds, as well as international loans and issues of debt and equity, particularly those involving Latin American borrowers and issuers, sovereign and private-sector debt restructuring, participation and assignment agreements and structured financings. She holds BA and MA degrees from Queens College and JD and PhD degrees from Columbia University, where she taught Latin American literature from 1971 to 1976 and was Editor-in-Chief of the Journal of Transnational Law in 1978-1979.

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General Introduction

This book is designed to deal principally with the documentation of swaps and other cash-settled over-the-counter derivatives, and with the chief legal and practical concerns raised by that documentation. As a basic format, we have chosen annotated sample agreements and confirmations of the kinds commonly used today; the annotations explain how various provisions of the documents operate together, address the legal and business issues underlying the provisions and, in some cases, describe variants used by some market participants in their own forms or approaches they use in adapting standardised forms for their own use. The sample documents included in this volume should of course not be assumed to be suitable for any particular transaction; each transac tion will have its own special features and the parties may have special institutional concerns and credit and other policies and practices that should be reflected and accommodated in their customised agreements. In addition, each transaction - its struc ture, its legality for the particular parties and its tax and accounting implications among others - must be examined within the statutory and regulatory frameworks that are or may be applicable; although this Introduction, the annotations to the sample a greements and several of the Notes included in Part 4 of this volume discuss some of these issues, the primary focus of this volume is on documentation, so these other, critical questions are merely touched on here. The parties to each OTC derivative tran saction should analyse these issues with their legal counsel, accountants and tax advisers.

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