Derivative

By Instrument

Securities

Debt Capital Markets

• Medium Term Note Programmes
• Stand Alone Eurobond Issuance
• Commercial Paper
  • Euro Commercial Paper Programmes
  • Asset-backed Commercial Paper

Supporting Documentation

• Legal Documents
  • Constituting Instruments
  • Agency Agreements
  • Terms and Conditions
  • Offering Materials
  • ICMA form of Final Terms
• Board Authorisation
• Side Letters, Agent Appointments and Dealer Confirmations

Hedging

• Term Funding
• Basis Risk

Offering and Resale

Listing and Prospectus Directive

• Passporting and Home Regulators
• Listing Rules
• Regulated Stock Exchanges
  • London Stock Exchange
  • Irish Stock Exchange
  • Luxembourg Stock Exchange
  • other Stock Exchanges
• Non regulated market Stock Exchanges
  • EuroMTF
  • AIM
  • Others
• ESMA-sponsored amendments to the Prospectus Directive

Selling Restrictions

• Jurisdictional Selling Restrictions Library
• Jurisdictional Tax Disclosure

Retail Sales

• Retail Distribution
  • Retail Cascades
  • Prospectus Consents
• Packaged Retail investor Products (PRIPs)
• Key Investor Disclosure document (KID)

US registration

• SEC Registration
• Safe Harbours and Exemptions
  • Regulation S
  • Rule 144A

Structured Securities

• Structured Medium Term Notes
• Repackagings and Securitisation

Exchange Traded Securities

• Exchange-Traded Funds (ETFs)
• Exchange-Traded Notes (ETNs)

Over-The-Counter Transactions

Derivatives

Swaps

ISDA

• ISDA Master Agreement
  • 1992 ISDA
  • 2002 ISDA
• ISDA Credit Support Annex
  • 1995 CSA (title transfer - English Law)
  • 1994 NY CSA (pledge - New York Law)

Non-ISDA

• European Master Agreement
• Domestic European master agreements
  • Deutsche Rahmenvertrag (German Master Agreement)
  • FBF (French Master Agreement)
  • CMOF (Spanish Master Agreement)

Spot and Short Term Derivatives

These contracts are not necessarily traded under an ISDA framework but may will be traded according to Exchange rules or financial institutions' "Standard Terms of Business"

• Futures
• Spot
• Forwards

Securities Financing

Stock Lending

• Global Master Securities Lending Agreement (GMSLA)
• Master Securities Lending Agreement (MSLA)
• Legacy Stock Lending Agreements

Repurchase Agreements

• Global Master Repurchase Agreement (GMRA)
• Master Repurchase Agreement (MRA)

Commodities Trading

Financial

• Commodity Derivatives
• Futures
• Commdity Indices
• Exchange Traded Commodity Products
  • Exchange-Traded Notes
  • Exchange-Traded Funds

Physical

Energy

• Coal
• Power
• Gas
• Carbon/Emissions

Metals

• Base Metals
• Precious Metals

Commodities Documentation

• ISDA Commodities Definitions
• EFET - European Federation of Energy Traders Master Agreements (Power and Gas)
• IETA - International Emissions Trading Agreement
• SCOTA - Standard Coal Trading Agreement

Prime Brokerage

(in scope?)

Derivative Transactions

Market Risk

Asset Class

• Equity Derivatives
• Credit Derivatives
• Currency Derivatives
• Interest Rate Derivatives
• Commodity Derivatives

Collateral and Credit Support

Collateral

Overview

• Treasury, Liquidity implications of Collateral posting and recieving
• Rehypothecation and CASS protection

Credit Support Annex

• 1994 NY Pledge form of CSA
• 1995 english Law Title Transfer

Eligible Collateral

• Cash
• Sovereign Bonds
• Corporate Bonds
• Other Assets
  • Letters of Credit

Non-Collateral Credit Support

• Guarantees
• "Liens" and Security Interests

Regulatory Environment

Implications for derivatives and capital markets transactions of regulatory initiatives. This should cross reference where appropriate the Financial Services Module

Supervision and Market Infrastructure

• Dodd Frank
• European Market Infrastructure Regulation (EMIR)

Investor Protection

• MiFID
• Prospectus Directive/PRIPS

Capital, Liquidity and Financial Stability

Regulations

• Capital Requirements Directive (CRD4)
• Basel III

Risk Weighted Asset Classification

• Banking book
• Trading Book