Mastering the ISDA Master Agreements: A Practical Guide for Negotiation, Third Edition

An updating of the only accessible single volume guide to the contracts used by the International Swaps and Derivatives Association (ISDA). Clear, user-friendly explanations from Paul Harding, one of the worlds leading derivatives trainers. Includes an up-to-the-minute Schedule, thoroughly annotated to explain all additions and amendments. Presents examples of the variations most commonly seen in todays markets, and the implications of accepting them. For years, Mastering the ISDA Master Agreement has been accepted worldwide as-the definitive guide to swaps and derivatives negotiation based on both ISDA Master Agreements. In this new Third Edition, Paul Harding thoroughly updates this book to reflect the current practices all negotiators need to understand. Harding begins by introducing the global derivatives market, and walking through a typical deal from start to finish. Next, he offers clear sectionby- section analyses of both Master Agreements, followed by systematic coverage of the legal, credit, and operational issues related to each. Readers will find complete sample agreements that have been thoroughly annotated to explain all additions and amendments. Harding also identifies the variations most commonly seen in todays markets, and carefully explains the implications of accepting these variants. Practical, clear, and completely up-to-date, Mastering the ISDA Master Agreement, Third Edition is the only book of its kind: the one indispensable guide to swaps and derivatives negotiation for every financial professional, regardless of experience.