Mastering Finance-Linked Swaps: A Definitive Guide to Principles

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收藏 2015-07-21

It is rare today that a project lender, property development financier, PFI banker, MBO debt provider or securitisation investor does not insist on its borrower taking out some form of interest rate and/or cross-currency hedging. By and large, however, the implications of integrating a swap into a structured financing are little understood and often ignored. At best, current practice is often misrepresentative and lax. "Mastering Finance-linked Swaps" is the first book to offer clear, detailed, practical guidance on the key commercial, operational, legal and documentation issues that arise. It will provide lenders, swap providers, borrowers, finance consultants and lawyers with the confidence and technical ability to ask the right questions at the right time, and to ensure that, whatever the nature of the financing, the swap is correctly integrated into the structure.

Editorial ReviewsReview"I will be very glad to have Mastering Finance-linked Swaps at the ready on my shelf." Jeffrey Golden, Partner, Allen & Overy "The best treatment of the subject I have read. Walker's judicious insights and fair minded but trenchant views make this an invigorating read. This is the 'must have book' on the subject and I hope will lead to a much needed reform of market practices." Paul Harding, Managing Director, Derivatives Documentation Ltd. "Mastering Finance-linked Swaps is a refreshingly honest account of the current level of understanding of financial derivatives...It is both an educational tool and a professional source book. Gay Walker is to be congratulated - I wish I had written it!" Margaret T. Garner, Special Legal Counsel "Gary Walker clearly sets out the background to derivatives, its strategy and application. Mastering Finance-linked Swaps should be required reading for those lawyers working in finance and especially those working in isolation in banks and similar institutions." Mia Franks, Solicitor, Group Treasury, Bradford & Bingley plc "Packed with practical insights, this is a timely, lively and proactive book." Jonathan Shann, Partner, Freshfields Bruckhaus Deringer "A concise and very clear guide to the area of finance law where debt and hedging meet, and a valuable reminder of how easily people forget that they meet at all. Practitioners on each side of the divide should learn a great deal from this book." Ian Annetts, Partner, Allen & Overy "A thought provoking book that has practical applications for all in project finance." Paul Sullivan, Head of UK & European Project Finance, Royal Bank of Scotland "Mastering Finance-linked Swaps is the ideal read for any practitioner who aspires to work in house or in private practice in today's market for structured products. In one volume this book offers the reader primer, tutor, aide memoire dictionary and friend." Claude Brown, Partner, Clifford Chance