Description
"While this book is mainly focused on the documentation issues surrounding Collateral Management it also provides a good overview of other aspects of Collateral Management.
ISDA provides a set of documents for cross border securitisation that is neither self-explanatory nor easy to handle And this book will help market participants at all different stages of the collateralisation process. It provides guidance to both institutions, on how to formulate their own Collateral Policy, and to negotiators concerned with the day to day negotiation of Collateral Agreements. Paul Harding has done a great job."
Wilfried F. Schütte, Banksyndikus, Legal Services
"An excellent review of an important and complex area, analysing the critical legal, operational and credit strands together in one volume. This will add to the understanding of an increasingly vital area of risk management, where the consequence of any failure is that a false sense of security may be the only security you are left holding!
A fine complementary volume to Mastering the ISDA Master Agreement, explaining in detail not only the legal complexities but also the important operational and credit considerations. Not only a 'practical guide for negotiators' but also valuable for credit and operational risk professionals. It includes a full review of not only the widely used ISDA collateral documents but also the new 2001 Margin Provisions, which will help to spread better understanding of this new untested document and may lead to greater acceptance in the market."
Keith Spiller, Executive Director, UBS Warburg
"Comprehensive yet practical, this timely volume offers lawyers, risk-managers and documentation specialists the necessary insight into today's collateral management practices. Additionally it offers those instutions that wish to start-up their collateral program a well-structured overview of the issues under consideration both from a European and US perspective."
David Suetens, Senior Vice President, Risk Management
