Set-Off and Netting, Derivatives, Clearing System, 3rd Edition (Volume 6)

Philip Wood's classic series provides a fully integrated synthesis of international financial law over seven volumes. Each volume presents stand-alone coverage of key topics and themes in a specific area of financial law.

This volume provides a worldwide comparative study of set-off, netting, derivatives and clearing systems in virtually all the world's jurisdictions, so they can be used to reduce exposure to risk and transaction costs in cross-border financial contracts. The entire commentary has been revised and updated to reflect the changes brought about by the global financial crisis.

• Provides outlines of set-off and netting agreements including group account netting, together with commentary
• Covers all types of derivatives and derivative markets and the legal risks that may arise
• Supplies clear outlines for swaps and derivatives transactions, clarifying the terms used
• Discusses the legal risks of derivatives
• Analyses the ISDA Master Agreement giving expert guidance on its meaning and how it can be used in practice
• Deals with the law of securities and settlement systems