Set-offs and Netting, Derivatives and Clearing Systems 3rd Edition

Set-offs and Netting, Derivatives and Clearing Systems 3rd Edition

By Philip Wood


$649.00 RRP

Dispatched from overseas. Estimated delivery 3-6 weeks.

Date: 24/07/2019

Code: 9780414044746

Sweet & Maxwell, UNITED KINGDOM

Available Formats

Format Title Date Code Price
Book International Loans, Bonds, Guarantees and Legal Opinions 3rd Edition 30/06/2019 9780414044692 $654.01 Add to cart
Book Principles of International Insolvency 3rd Edition 22/07/2019 9780414044708 $777.00 Add to cart
Book Set-offs and Netting, Derivatives and Clearing Systems 3rd Edition 24/07/2019 9780414044746 $649.00 Add to cart
Book International Insolvency: Jurisdictional Comparisons 30/06/2019 9780414071476 $729.00 Add to cart
Book Comparative Law of Security Interests and Title Finance 3rd Edition 24/07/2019 9780414044753 $729.00 Add to cart
Book Security Interests and Title Finance: Jurisdictional Comparisons 1st Edition 25/06/2019 9780414071490 $649.00 Add to cart
Book Law and Regulation of Investment Management 3rd Edition 22/07/2019 9780414054905 $680.00 Add to cart
Book Project Finance, Securitisation and Subordinated Debt 3rd Edition 19/07/2019 9780414044722 $649.00 Add to cart
Book Wood: The Regulation of International Finance 2e 19/07/2019 9780414044739 $777.00 Add to cart


The Law and Practice of International Finance series is your definitive guide to international finance. It considers the full range of topics across nine volumes, setting out the law and practice of trading assets on the international markets. This essential work, by one of the leading finance specialists of a generation, provides a simple, unified and distilled account of the whole topic.
This book covers the essential principles of set-off, netting, derivatives and clearing systems from a practical perspective, providing the reader with an in-depth explanation of the core concepts of these interrelated processes, products and systems.
Philip Wood is one of the leading authorities on international finance worldwide, as well as a practitioner and teacher. He was a partner in international law firm Allen & Overy until his retirement in 2018, and for ten years was head of the banking department. Subsequently he led the firm’s Global Law Intelligence Unit. Philip is the Yorke Distinguished Visiting Fellow at the University of Cambridge, and has previously been Visiting Professor in International Financial Law at the University of Oxford, Queen Mary University of London, and the London School of Economics. He has lectured at more than 60 universities worldwide and has written more than 20 books.
  • Provides a worldwide comparative study of set-off and netting including a survey of special netting statutes globally, so the reader can apply the appropriate legislation, directives and case law correctly, regardless of where the parties are based and operating
  • Includes outlines of set-off and netting agreements including group account netting, together with commentary, to facilitate the drafting of agreements
  • Covers all types of derivatives and derivative markets and the legal risks that may arise
  • Sets out clear outlines for swaps and derivatives transactions, clarifying the terminology used
  • Discusses the legal risks of derivatives
  • Analyses the ISDA master agreement, providing expert guidance on its meaning and how it can be used in practice
  • Sets out the law and procedure underlying international clearing settlement systems


Table of Contents

Part 1: General
  1. Security Interests and World Financial Law
  2. Understanding English and American Security Interests
  3. Rationale and Meaning of Security Interests
  4. Classification of Main Sectors of Secured Finance
  5. Classification of Assets
  6. Classification of jurisdictions of the World
  7. English common law jurisdictions
  8. General review of the Napoleonic group
  9. Roman-Germanic jurisdictions group
  10. Other Jurisdiction


Part 2: Legal Topics
13 Parties: Debtors, Creditors and Trustees
14 Formalities, Costs and Taxes
15 Scope Of Security Interests and Universal Charges
16 Creation of Security Interests
17 Derivative assets, accessories and proceeds
18 Inalienable Assets; Negative Pledges
19 Publication (Perfection) of Security Interests: Principles
20 Perfection Under UCC Article 9
21 Perfection In English-Based Jurisdictions
22 Secured Debt
23 Transfers of Secured Debt
24 Priorities: Policies Classification
25 Priority over Unsecured Creditors: the Ladder
26 Summary of Priority Rules: Owners, Buyers, Other Secured Creditors
27 Priorities: Asset Title Registers
28 Filing Registers Indexed by Debtor
29 Priorities: Particular Contests
30 Subordinated Secured Debt
31 Avoidance of Security Interests as a Preference
32 Financial Assistance to Buy Own Shares
33 Enforcement of Security Interests
34 Enforcement on Insolvency
Part 3: Practice and Documents
35   Security Packages
36 Real Property
37 Security Interests over Goods
38 Ships and Aircraft
39 Contracts, Debts and Charge-backs
40 Security Interests over Investments
41 Security Interests over Insurances
42 Security Interests over Intellectual Property
43 Deal Implementation
44  Legal Opinion on Security Interests
45 Terms of Security Agreements I: Creation and Perfection
46 Security Agreements II: Secured debt; trustees; third party security
47 Security Agreements III: Representations; covenants
48 Security Agreements IV: Events of Default; Enforcement; Close
Part 4: Title Finance
49    Title Finance: General Principles
50 Title Finance: Finance Leases
51 Title Finance: Repos
52 EU Financial Collateral Directive 2002
53 Geneva Aircraft Convention of 1948
54 Cape Town Mobile Equipment Convention (Aircraft) 2001
55 Other International Instruments
56 Conflict of Laws I: Classification of Issues
57 Conflicts II: Contractual Aspects of Security Agreements


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