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"The book was extremely well written, clear and
concise. A beautiful selection of current topics
with a good survey of articles."
Dr Jean-Pierre Zigrand
The London School of Economics

"Pensions schemes are increasingly taking part in
derivatives and this book is an excellent reference
for those people who are making investment
decisions, as it gives access to the practical
tools necessary."
Pensions World

""Practical Derivatives" is what it says it is –
practical. It's a pleasure to read a book written
by people who actually work with the instruments
they're talking about. As a lawyer I obviously
need to know the detail of what lies behind any
document, but it is also enormously helpful to find
a textbook that gives real answers to the practical
problems one comes across in every deal."
Anne McAllister, Head of Corporate and Director
Bowman Gilfillan, Cape Town

"It is up to date and the selection of contributors
has provided us with an interesting contrast and
coverage of a range of topics which have become
of very great importance to financial and
commercial market."
Law and Financial Markets Review

"This book provides a clear, concise and readable
introduction to the subject for the non-specialist
and for the lawyer wishing to move into the field."
David Stokes
Journal of International Banking Law and Regulation

Practical Derivatives: A Transactional Approach
Developments in derivatives instruments have been arguably the most significant feature of the global capital markets in the last 20 years. Now used for a wide range of funding, risk management and investment applications, derivatives provide a range of benefits to market participants including the ability to manage price exposure and create synthetic exposure to assets.

This highly practical title shows how derivatives are used in a variety of transactions, how the documentation works and why boards need to be aware of them.

With contributions from leading law firms including Gide Loyrette Nouel, Davis Polk & Wardwell, Norton Rose and Slaughter and May and other industry participants such as Koch Supply & Trading and Morgan Stanley, this accessible book takes a transactional approach and features coverage of new product innovations. These include equity and energy derivatives and the expansion of derivatives into new markets such as credit risk, weather risk and property. The book also features topical analysis on corporate governance and directors' duties; ISDA documentation; collateral; close-out netting and structured derivatives.

Market participants in derivatives now include financial institutions, corporations, pension funds and hedge funds, supranational entities and governments and their legal advisers. Whether you are from a bank or financial institution or from a company or organisation looking to invest or manage your risk, this title will provide you with practical tools for using derivatives in your business.

© Globe Business Publishing Ltd 2008