Derivatives Deskbook: Close-Out Netting, Risk Mitigation, Litigation (Second Edition) serves as the definitive guide to navigating OTC derivative contracts. Offering actionable insights and practice-tested legal forms, this comprehensive practice guide provides readers with clarity on key terminology, a deeper understanding of the roles of major global regulators, and best practices for legal risk management in derivatives. It also provides an extensive analysis of close-out netting combined with rare litigation cases from foreign jurisdictions.
Highlights of this release include:
- An expanded section titled “Credit Default Swaps” explaining how “naked” CDSs have generated intense controversy and are generally no longer allowed by global regulators (Section 1:2.5)
- A revised section expanding upon cross-default in relation to default under specified transactions (Section 2:2.6)
- A new section examining the 2022 Amendments to the UCC, including the newly introduced Article 12 governing the establishment and maintenance of a security interest in digital assets (Section 3:9)
- A new section covering collateral transfers made through distributed ledger technology (DLT) (Section 3:10)
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