19. Legal aspects of credit derivatives

  1. Vinod Kothari

Published Online: 20 MAR 2012

DOI: 10.1002/9781118390412.ch19

Credit Derivatives and Structured Credit Trading, Revised Edition

Credit Derivatives and Structured Credit Trading, Revised Edition

How to Cite

Kothari, V. (2008) Legal aspects of credit derivatives, in Credit Derivatives and Structured Credit Trading, Revised Edition, John Wiley & Sons (Asia) Pte. Ltd., 2 Clementi Loop, #02-01, Singapore 129809. doi: 10.1002/9781118390412.ch19

Publication History

  1. Published Online: 20 MAR 2012
  2. Published Print: 19 SEP 2008

ISBN Information

Print ISBN: 9780470822920

Online ISBN: 9781118390412

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Keywords:

  • credit derivatives;
  • contingent contracts;
  • actionable claims;
  • credit insurance contracts;
  • investment contracts

Summary

This chapter contains sections titled:

  • Legal nature of credit derivatives

  • Enforceability of credit derivative contracts

  • Whether credit event?

  • Meaning of different credit events

  • Legal disputes on credit derivatives

  • Derivatives-related regulation applicable to credit derivatives

  • Legal nature of total return swaps

  • Legal nature of credit-linked notes

  • Credit derivatives: Legal authority for banks

  • Legal authority of a party to enter into a derivative

  • Legal position of netting rights

  • Bankruptcy Code: a safe harbor to credit derivatives

  • Collateral rights

  • UK insolvency law and netting

  • EU law on collateral and netting

  • Netting in other countries

  • Assignment and novation

  • Choice of law

  • Restructuring credit event

  • Modified restructuring definition

  • Modified Modified Restructuring

  • Endnotes