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| About the author | |
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| Disclaimer | |
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| Acknowledgements | |
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| Author's foreword | |
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| Introduction | |
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| What are derivatives? | |
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| Differences between the OTC and exchange-traded derivatives markets | |
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| Main products | |
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| Size of the global derivatives market | |
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| How a deal is done from start to finish | |
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| The people involved | |
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| The documentation process | |
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| The evolution of the ISDA Master Agreement | |
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| How ISDA documentation has evolved | |
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| Inefficient documentation of trades in the market's early days | |
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| The ISDA documentation architecture | |
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| The ISDA Master Agreement | |
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| The 1992 ISDA Master Agreement | |
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| Section by section analysis of the 1992 ISDA Master Agreement | |
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| Glossary of most terms in Section 14 | |
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| The 2002 ISDA Master Agreement | |
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| Evolution of the 2002 ISDA Master Agreement | |
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| Section by section analysis of the 2002 ISDA Master Agreement | |
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| Glossary of most terms in Section 14 | |
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| Analysis of Schedule | |
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| What did not make it into the 2002 Agreement | |
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| Likely implementation of the 2002 Agreement | |
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| Legal issues relating to the ISDA Master Agreement from the European and US perspectives | |
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| European perspective | |
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| Gaming/wagering | |
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| Capacity and UK Local Authority litigation | |
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| Credit derivatives | |
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| Derivatives and building societies, pension funds and hedge funds | |
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| Authority | |
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| Suitability | |
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| Financial Services and Markets Act 2000 | |
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| Enforceability of close-out netting and set off | |
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| Cross-border netting on insolvency | |
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| ISDA collective legal opinions | |
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| Automatic Early Termination | |
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| Credit Support | |
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| Third party rights | |
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| US perspective | |
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| Enforcement of New York choice of law | |
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| US bankruptcy and banking insolvency law | |
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| Non-New York head office of a US counterparty | |
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| The Commodity Exchange Act (1974) and the Commodity Futures Modernization Act (2000) | |
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| Gaming and bucket-shop laws | |
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| Credit issues relating to the ISDA Master Agreement | |
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| Downgrade from Cross Default to cross acceleration | |
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| Threshold Amount | |
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| Credit Event Upon Merger | |
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| Addition of Specified Entities | |
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| Specified Indebtedness | |
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| Set off | |
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| Transfers | |
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| Political risk | |
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| Other credit issues | |
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| Pre-signing trade policies | |
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| Categories of risk in the Agreement | |
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| Using the ISDA Master Agreement to enhance credit protection | |
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| The "vanilla ISDA" | |
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| Operational issues | |
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| Confirmations | |
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| Payments | |
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| Deliveries | |
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| Close-out | |
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| Administrative matters | |
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| Negotiation of an ISDA Master Agreement Schedule | |
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| Sample Schedule | |
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| Variants and implications of each provision | |
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| Other provisions commonly seen in the market and their implications | |
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| Part 6 - FX Transactions and Currency Options | |
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| Special provisions for special entities and those sought by US counterparties | |
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| Building societies | |
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| Investment funds | |
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| Hedge funds | |
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| Pension funds | |
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| Insurance companies | |
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| Sovereign entities | |
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| Special purpose vehicles for loans | |
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| Individuals | |
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| US Schedule provisions | |
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| New developments | |
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| ISDA Amendment: Close-out Amount | |
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| ISDA Credit Support Annex Amendments | |
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| 2002 Master Agreement Protocol | |
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| Electronic negotiation of the ISDA Master Agreement | |
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| Annexes | |
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| Bibliography | |