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Financial Collateral
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Book Synopsis Collateral and Financial Plumbing by : Manmohan Singh
Download or read book Collateral and Financial Plumbing written by Manmohan Singh and published by . This book was released on 2016 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Financial Collateral by : Matthias Haentjens
Download or read book Financial Collateral written by Matthias Haentjens and published by Oxford University Press, USA. This book was released on 2020-09-03 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Collateral Knowledge by : Annelise Riles
Download or read book Collateral Knowledge written by Annelise Riles and published by University of Chicago Press. This book was released on 2011-05 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Yeowart and Parsons on the Law of Financial Collateral by : Geoffrey Yeowart
Download or read book Yeowart and Parsons on the Law of Financial Collateral written by Geoffrey Yeowart and published by Edward Elgar Publishing. This book was released on 2016-02-26 with total page 903 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Collateral Frameworks by : Kjell G. Nyborg
Download or read book Collateral Frameworks written by Kjell G. Nyborg and published by Cambridge University Press. This book was released on 2017 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book-length study of the importance of collateral frameworks in monetary policy, focusing on the Eurozone and euro crisis.
Book Synopsis Financial Collateral by : Matthias Haentjens
Download or read book Financial Collateral written by Matthias Haentjens and published by . This book was released on 2020 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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." --
Book Synopsis Financial Plumbing and Monetary Policy by : Mr.Manmohan Singh
Download or read book Financial Plumbing and Monetary Policy written by Mr.Manmohan Singh and published by International Monetary Fund. This book was released on 2014-06-20 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on how changes in financial plumbing of the markets may impact the monetary policy options as central banks contemplate lift off from zero lower bound (ZLB). Under the proposed regulations, banks will face leverage ratio constraints. As a result of quantitative easing (QE), banks want balance sheet “space” for financial intermediation/ non-depository activities. At the same time, regulatory changes are boosting demand for high quality liquid assets. The paper also discusses the role of repo markets and the importance of collateral velocity and the need to avoid wedges between repo and monetary policy rates when leaving ZLB.
Book Synopsis Social Collateral by : Caroline E. Schuster
Download or read book Social Collateral written by Caroline E. Schuster and published by Univ of California Press. This book was released on 2015-10-06 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Microcredit is part of a global trend of financial inclusion that brings banking services, and especially small loans, to the world's poor. While credit for the poor has increasingly come under the rubric of commercial banking, Paraguayan solidarity lending offers a window into the tensions between social development and global finance. There, non-profit development programs offer group loans to women. These highly regulated loans are secured through mutual support and peer pressure--social collateral--rather than through physical collateral. To understand the broader issues of economic interdependency and its regulatory features, Social Collateral tracks collective debt across the commercial society and smuggling economies at the Paraguayan border. The story of social collateral cannot be told without an interwoven story about the feminization of solidarity lending. At its core is an economy of gender--from pink-collar financial work, to men's committees, to hard women smugglers. At stake are interdependencies that bind borrowers and lenders, financial technologies, and Paraguayan development in ways that structure both global inequality and opportunity"--Provided by publisher.
Book Synopsis Reforming Collateral Laws to Expand Access to Finance by : Heywood W. Fleisig
Download or read book Reforming Collateral Laws to Expand Access to Finance written by Heywood W. Fleisig and published by World Bank Publications. This book was released on 2006 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Counterparty Credit Risk, Collateral and Funding by : Damiano Brigo
Download or read book Counterparty Credit Risk, Collateral and Funding written by Damiano Brigo and published by John Wiley & Sons. This book was released on 2013-03-05 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book’s content is focused on rigorous and advanced quantitative methods for the pricing and hedging of counterparty credit and funding risk. The new general theory that is required for this methodology is developed from scratch, leading to a consistent and comprehensive framework for counterparty credit and funding risk, inclusive of collateral, netting rules, possible debit valuation adjustments, re-hypothecation and closeout rules. The book however also looks at quite practical problems, linking particular models to particular ‘concrete’ financial situations across asset classes, including interest rates, FX, commodities, equity, credit itself, and the emerging asset class of longevity. The authors also aim to help quantitative analysts, traders, and anyone else needing to frame and price counterparty credit and funding risk, to develop a ‘feel’ for applying sophisticated mathematics and stochastic calculus to solve practical problems. The main models are illustrated from theoretical formulation to final implementation with calibration to market data, always keeping in mind the concrete questions being dealt with. The authors stress that each model is suited to different situations and products, pointing out that there does not exist a single model which is uniformly better than all the others, although the problems originated by counterparty credit and funding risk point in the direction of global valuation. Finally, proposals for restructuring counterparty credit risk, ranging from contingent credit default swaps to margin lending, are considered.
Book Synopsis Collateral Management by : Michael Simmons
Download or read book Collateral Management written by Michael Simmons and published by John Wiley & Sons. This book was released on 2019-02-18 with total page 877 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Financial Collateral Arrangements by : Thomas Keijser
Download or read book Financial Collateral Arrangements written by Thomas Keijser and published by Kluwer Law International. This book was released on 2006-01-01 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Collateral Reuse and Balance Sheet Space by : Mr.Manmohan Singh
Download or read book Collateral Reuse and Balance Sheet Space written by Mr.Manmohan Singh and published by International Monetary Fund. This book was released on 2017-05-08 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 the that central banks should be mindful of the effect of their actions on the ability of markets to intermediate collateral.
Book Synopsis Research Handbook on Secured Financing in Commercial Transactions by : Frederique Dahan
Download or read book Research Handbook on Secured Financing in Commercial Transactions written by Frederique Dahan and published by Edward Elgar Publishing. This book was released on 2015-06-29 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Book Synopsis Collateral Management by : Michael Simmons
Download or read book Collateral Management written by Michael Simmons and published by John Wiley & Sons. This book was released on 2019-04-29 with total page 757 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis International Convergence of Capital Measurement and Capital Standards by :
Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Money and Collateral by : Mr.Manmohan Singh
Download or read book Money and Collateral written by Mr.Manmohan Singh and published by International Monetary Fund. This book was released on 2012-04-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
