Financial Collateral

Author : Matthias Haentjens
Publisher : Oxford University Press, USA
Page : 400 pages
File Size : 53,8 Mb
Release : 2020-09-03
Category : Law
ISBN : 0198816936

Get Book

Financial Collateral by Matthias Haentjens Pdf

This is the first book to analyse and draw together all of the property law and regulatory and contractual issues relevant to financial collateral transactions. Collateralized finance transactions played a major role in the bankruptcy of Lehman Brothers and the near-failure of AIG during the early months of the global financial crisis, and are being increasingly recognised as being integral to the stability of the global financial system. The book provides a detailed legal analysis of the types of transactions which make up collateralised financing transactions and examines them in their commercial context. Recognising that financial collateral transactions are often global in nature the book covers the legal position in the UK, US, and the EU with specific relevance to practice in the Netherlands, Germany and Belgium. There is a chapter on the relevant private international law issues including conflicts of laws and forum. The book opens with an explanation of how financial collateral transactions are construed, including the relevant standard contract forms. The following chapters discuss the major legal issues and practical considerations, as well as a number of specialist concepts such as safe harbours, 'minimum floors' and securities custody. This new work brings together consideration of the European Securities Financing Regulation, the Collateral Directive, and relevant parts of the Bank Recovery and Resolution Directive.

Author : Geoffrey Yeowart,Robin Parsons,Edward Murray,Hamish Patrick
Publisher : Edward Elgar Publishing
Page : 904 pages
File Size : 48,7 Mb
Release : 2016-02-26
Category : Business & Economics
ISBN : 9781782546320

Get Book

Yeowart and Parsons on the Law of Financial Collateral by Geoffrey Yeowart,Robin Parsons,Edward Murray,Hamish Patrick Pdf

As the volume of transactions in European financial markets continues to grow, the use of financial collateral, be it in the form of cash, shares, bonds or credit claims, has become a critical tool in supporting and managing risk in financial transactions. This book is the first of its kind to offer a systematic examination of the whole law relating to financial collateral. It does so in two parts. First, it explains the law created by the Financial Collateral Arrangements (No 2) Regulations 2003, the Directive it implemented and related legislation. Second, it examines how financial collateral is used in practice in a range of different markets. It will be an essential reference point for all legal practitioners operating in financial markets. Key features: • Analytical rigour combined with insight into how financial collateral works in practice, covering both English and Scots law • Valuable discussion of control and possession tests, right of use, remedy of appropriation, close-out netting and impact of ‘bail-in’ • Explains use of financial collateral in the derivatives market, clearing houses, direct and indirect securities holding systems and use of repos, securities lending and prime brokerage • Highlights key issues on regulatory treatment and conflicts of laws • Discusses direction of future law reform • Written by leading experts in the field.

Author : Annelise Riles
Publisher : University of Chicago Press
Page : 310 pages
File Size : 44,8 Mb
Release : 2011-05
Category : Business & Economics
ISBN : 9780226719337

Get Book

Collateral Knowledge by Annelise Riles Pdf

Who are the agents of financial regulation? Is good (or bad) financial governance merely the work of legislators and regulators? Here Annelise Riles argues that financial governance is made not just through top-down laws and policies but also through the daily use of mundane legal techniques such as collateral by a variety of secondary agents, from legal technicians and retail investors to financiers and academics and even computerized trading programs. Drawing upon her ten years of ethnographic fieldwork in the Japanese derivatives market, Riles explores the uses of collateral in the financial markets as a regulatory device for stabilizing market transactions. How collateral operates, Riles suggests, is paradigmatic of a class of low-profile, mundane, but indispensable activities and practices that are all too often ignored as we think about how markets should work and be governed. Riles seeks to democratize our understanding of legal techniques, and demonstrate how these day-to-day private actions can be reformed to produce more effective forms of market regulation.

Author : Michael Simmons
Publisher : John Wiley & Sons
Page : 752 pages
File Size : 48,6 Mb
Release : 2019-02-18
Category : Business & Economics
ISBN : 9781119377108

Get Book

Collateral Management by Michael Simmons Pdf

Insight into collateral management and its increasing relevance in modern banking In the wake of recent financial crises, firms of all sizes have adjusted their policies to incorporate more frequent instances of collateral management. Collateral Management: A Guide to Mitigating Counterparty Risk explains the connection between the need for collateral management in order to alleviate counterparty risk and the actions that firms must take to achieve it. Targeted at middle and back office managers seeking a hands-on explanation of the specifics of collateral management, this book offers a thorough treatment of the subject and attends to details such as internal record management, daily procedures used in making and receiving collateral calls, and settlement-related issues that affect the movements of cash and securities collateral. An expert in financial topics ranging from trade lifecycle to operational risk, author Michael Simmons offers readers insight into a field that, so far, is struggling to produce enough expertise to meet its high demand. Presents hands-on advice and examples from a bestselling, internationally renowned author who introduces his third book on operations and operations-related activities Explains the relationship between collateral management and preventing institutional defaults, such as the recent Lehman Brothers downfall Since 2008, firms have recognized and embraced the importance of collateral management, but this book will provide practitioners with a deeper understanding and appreciation of its relevance.

Author : Matthias Haentjens
Publisher : Unknown
Page : 388 pages
File Size : 54,8 Mb
Release : 2020
Category : Security (Law)
ISBN : 0191862835

Get Book

Financial Collateral by Matthias Haentjens Pdf

"This is the first book to analyse and draw together all of the property law and regulatory and contractual issues relevant to financial collateral transactions. Collateralized finance transactions played a major role in the bankruptcy of Lehman Brothers and the near-failure of AIG during the early months of the global financial crisis, and are being increasingly recognised as being integral to the stability of the global financial system. The book provides a detailed legal analysis of the types of transactions which make up collateralised financing transactions and examines them in their commercial context. Recognising that financial collateral transactions are often global in nature the book covers the legal position in the UK, US, and the EU with specific relevance to practice in the Netherlands, Germany and Belgium. There is a chapter on the relevant private international law issues including conflicts of laws and forum. The book opens with an explanation of how financial collateral transactions are construed, including the relevant standard contract forms. The following chapters discuss the major legal issues and practical considerations, as well as a number of specialist concepts such as safe harbours, 'minimum floors' and securities custody. This new work brings together consideration of the European Securities Financing Regulation, the Collateral Directive, and relevant parts of the Bank Recovery and Resolution Directive." --

Author : Mr.Manmohan Singh,Mr.Peter Stella
Publisher : International Monetary Fund
Page : 21 pages
File Size : 52,5 Mb
Release : 2012-04-01
Category : Business & Economics
ISBN : 9781475502855

Get Book

Money and Collateral by Mr.Manmohan Singh,Mr.Peter Stella Pdf

Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of securitized assets to collateralize borrowing. The subsequent crisis has reduced the pool of assets considered acceptable as collateral, resulting in a liquidity shortage. When trying to address this, policy makers will need to consider concepts of liquidity besides the traditional metric of excess bank reserves and do more than merely substitute central bank money for collateral that currently remains highly liquid.

Author : Frederique Dahan
Publisher : Edward Elgar Publishing
Page : 544 pages
File Size : 41,6 Mb
Release : 2015-06-29
Category : Law
ISBN : 9781781001844

Get Book

Research Handbook on Secured Financing in Commercial Transactions by Frederique Dahan Pdf

This cutting-edge Handbook presents an overview of research and thinking in the field of secured financing, examining international standards and best practices of secured transactions law reform and its economic impact. Expert contributors explore the

Author : Manmohan Singh
Publisher : Unknown
Page : 211 pages
File Size : 40,7 Mb
Release : 2016
Category : Credit
ISBN : OCLC:1062401208

Get Book

Collateral and Financial Plumbing by Manmohan Singh Pdf

Collateral is one of the building blocks on which the financial markets are constructed. Used for a number of purposes--including trading with central counterparties (CCPs), secured funding with market counterparties and central banks, OTC derivatives margining and settlement--the role of effective collateral management in monetizing assets has never been more important.

Author : Anonim
Publisher : Lulu.com
Page : 294 pages
File Size : 45,8 Mb
Release : 2004
Category : Bank capital
ISBN : 9789291316694

Get Book

International Convergence of Capital Measurement and Capital Standards by Anonim Pdf

Author : Thomas Keijser
Publisher : Kluwer Law International
Page : 430 pages
File Size : 41,6 Mb
Release : 2006-01-01
Category : Law
ISBN : 9041125566

Get Book

Financial Collateral Arrangements by Thomas Keijser Pdf

Over the past two decades, financial collateral arrangements have emerged in Europe, such as repurchase, securities lending and derivatives arrangements. Such arrangements relate to cash and securities and are typically entered into by banks and other major players on the financial markets. This book provides an overview of the markets in which financial collateral arrangements are entered into and analyses these arrangements from a legal point of view. The focus is on the European Directive on financial collateral arrangements, and in particular on the consequences of this directive for national rules of property and insolvency law. Issues examined are the provision of financial collateral by way of a title transfer, the granting of a general right of disposal in respect of encumbered assets to a secured party, and the enforcement of interests in financial collateral. Whereas the main focus in this book is on Dutch law, comparisons are made with American, English and German law.

Author : Mr.Manmohan Singh
Publisher : International Monetary Fund
Page : 29 pages
File Size : 41,8 Mb
Release : 2017-05-08
Category : Business & Economics
ISBN : 9781475599343

Get Book

Collateral Reuse and Balance Sheet Space by Mr.Manmohan Singh Pdf

Transactions on wholesale capital markets are often secured by marketable collateral. However, collateral needs balance sheet space to move within the financial system. Certain new regulations that constrain private sector bank balance sheets may have the effect of impeding collateral flows. This may have important consequences for monetary policy transmission, for short term money market functioning, and for market liquidity. In this context (and in contrast to the literature, which has focused mainly on the repo market), this paper analyzes securities-lending, derivatives, and prime-brokerage markets as suppliers of collateral. It highlights the incentives created by new regulations for different suppliers of collateral. Moreover, it argues that the central banks should be mindful of the effect of their actions on the ability of markets to intermediate collateral.

Author : International Monetary Fund,World Bank
Publisher : International Monetary Fund
Page : 16 pages
File Size : 53,7 Mb
Release : 2020-02-19
Category : Business & Economics
ISBN : 9781513530703

Get Book

Collateralized Transactions by International Monetary Fund,World Bank Pdf

In a response to a request from the G20 IFA Working Group, this note provides a framework for public lenders and borrowers to assess collateralized financing practices from a development perspective. The work of the IMF and World Bank suggests that the availability of collateralized financing can be beneficial to a developing country borrower under a range of circumstances, but also points to pitfalls.

Author : Vania Sena
Publisher : Routledge
Page : 158 pages
File Size : 49,6 Mb
Release : 2007-12-10
Category : Business & Economics
ISBN : 9781134296422

Get Book

Credit and Collateral by Vania Sena Pdf

Collateral - generally defined as an asset used to provide security for a lender's loan - is an important feature of credit contracts and all the available evidence suggests that its use is getting more pervasive. This informative book builds upon recent research into this topic. Sena analyses three case-studies that revolve around the impact that financial constraints have on economic outcomes. In the first case-study, the relationship between firms’ technical efficiency and increasing financial pressure is explored. The author then goes on to show, in the second case study, that under specific circumstances, increasing financial pressure and increasing product market competition can jointly have a positive impact on firms’ technical efficiency, while not being true for all types of firms. In the third case, she analyses the impact that finance constraints have on women’s start-ups. Unique and revealing, this is the first book to deal so extensively with the topic of collateral, and as such, is a valuable reference to postgraduates and professionals in the fields of macroeconomics, monetary and business economics.

Author : Kjell G. Nyborg
Publisher : Cambridge University Press
Page : 345 pages
File Size : 50,7 Mb
Release : 2017
Category : Business & Economics
ISBN : 9781107155848

Get Book

Collateral Frameworks by Kjell G. Nyborg Pdf

The first book-length study of the importance of collateral frameworks in monetary policy, focusing on the Eurozone and euro crisis.

Author : Heywood W. Fleisig
Publisher : World Bank Publications
Page : 120 pages
File Size : 48,7 Mb
Release : 2006
Category : Law
ISBN : 9780821364918

Get Book

Reforming Collateral Laws to Expand Access to Finance by Heywood W. Fleisig Pdf

Most readers, especially those with car loans or home mortgages, know about "collateral"--property that the lender can take away from the borrower in the event that the borrower defaults. In low/middle income countries, it is understood that conservative lenders exclude firms from credit markets with their excessive collateral requirements. Usually, this is because only some property is acceptable as collateral: large holdings of urban real estate and, sometimes, new motor vehicles. Microenterprises, SMEs, and the poor have little of this property but they do have an array of productive assets that could easily be harnessed to serve as collateral. It is only the legal framework which prevents firms from using these assets to secure loans. In countries with reformed laws governing collateral, property such as equipment, inventory, accounts receivable, livestock are considered excellent collateral. This book aims to better equip project managers to implement reforms to the legal and institutional framework for collateral (secured transactions). It discusses the importance of movable property as a source of collateral for firms, the relationship between the legal framework governing movable assets and the financial sector consequences for firms (better loan terms, increased access, more competitive financial sector), and how reforms can be put in place to change the lending environment.