mastering finance-linked swaps
a definitive guide to principles, practice and precedents
a definitive guide to princip...
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mastering finance-linked swaps
a definitive guide to principles, practice and precedents
a definitive guide to principles, practice and precedents
GARY WALKER Gary Walker worked in the London banking market for twelve years (including two as head of the loan and derivatives documentation team at Daiwa Europe Bank plc) before qualifying as a solicitor in the mid-1990s. After six years in the capital markets and derivatives practices of City firms Wilde Sapte and Clifford Chance, he moved to Birmingham in May 2000, joining Wragge & Co in September 2001. Gary is cited in The Legal 500 (1994) and in Chambers Guide to the Legal Profession (2001/2 and 2002/3), sits on various ISDA working groups and is an occasional contributor to the work of the Technical Committee of the UK Association of Corporate Treasurers. He is an active conference speaker and article writer and an expert on the law and documentation of OTC derivatives. At Wragge & Co, he is engaged in co-building the UK’s first dedicated, regional, end-user focussed capital markets and derivatives practice. Gary holds an MA (Cantab.) in Law and Economics, a Diploma (with dist.) in Legal Practice and a summa cum laude in Law Relating to Banking from the Chartered Institute of Bankers. He brings nearly two decades of industry, in-house legal and private practice experience to the subject matter of this book.
“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. Gary 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 provocative 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
mastering finance-linked swaps
mastering finance-linked swaps
"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.
mastering finance-linked swaps a definitive guide to principles, practice and precedents GARY WALKER
Mastering Finance-linked Swaps is the first book to offer clear, detailed, practical guidance on the key commercial, operational, legal and documentation issues that can arise. It provides lenders, swap providers and borrowers with the confidence and technical ability to ask the right questions at the right time so as to ensure that, whatever the nature of the financing, the swap is correctly integrated into the structure.
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