Mastering the ISDA Master Agreement A Practical Guide for Negotiation Paperback - 2002 - 1st Edition

From the publisher

The first clear, detailed, practical guide to the ISDA Master Agreement: an essential resource for everyone involved in OTC derivatives negotiation.
-- Presents clear, easy-to-understand explanations of each section of the ISDA Master Agreement.-- Contains a sample schedule describing the reasons for each addition and amendment.
-- Describes examples of the market's most commonly-used variations, and the implications of accepting them.

This is the first book to offer clear, comprehensive, practical guidance on ISDA Master Agreement negotiation, which is vital to every institution involved in over-the-counter derivatives trading. Expert derivatives negotiator Paul Harding illuminates the complex ISDA document that is at the heart of most OTC global derivative trades -- helping negotiators master its fine points far more quickly, and clearly understand the implications of variations that may be requested by their negotiating partners. When used as the basis of initial training for negotiators, it can often save 50% of the training course costs -- or even more. Paul Harding begins by introducing the global derivatives market and the role of the ISDA Master Agreement in simplifying and promoting OTC derivatives agreements. He offers in-depth coverage of the legal, credit, and operational issues associated with the ISDA Master Agreement; then covers the agreement's structure and reviews the types of transactions it covers. Next, he provides a clear, section-by-section analysis of the agreement. Finally, Harding walks through a sample ISDA Master Agreement Schedule -- the document negotiators actually negotiate -- providing in-depth commentary and illuminating the most commonvariations and their implications.