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Derivatives

Past Offerings

Derivatives (1018): The course will examine the legal, regulatory, trading and risk management aspects of the $600 trillion notional over-the-counter and cleared derivatives markets. Derivatives have historically not been well-understood by regulators or the public and have been blamed for causing or contributing to the economic crisis. This course will offer students the opportunity to understand how various derivative products are designed, traded and risk-managed and what role regulators play in the derivatives industry. In addition, students will focus on understanding key legal contracts that underpin the global derivatives industry, in particular focusing on the ISDA© Master Agreement and Credit Support Annex, as well as documentation supporting credit derivatives and other common derivative types. Students will also consider the shifting regulatory landscape for financial institutions and hedge funds as it relates to the way in which these products are traded, with rates and credit products migrating to clearinghouses. The course will conclude with an examination of the economic crisis that erupted with Lehman Brothers' bankruptcy in September 2008 and the consequent policy reactions to that event from a derivatives and bankruptcy perspective. Elements used in grading: attendance, written homework assignments and a final exam.

Sections

Derivatives | LAW 1018 Section 01 Class #1100

  • 2 Units
  • Grading: Law Honors/Pass/Restrd Cr/Fail
  • 2022-2023 Winter
    Schedule No Longer Available
  • Exam:
    • Take-home Final
  • Exam:
      • Remote: Details to come
  • Learning Outcomes Addressed:
    • LO1 - Substantive and Procedural Law
    • LO7 - Professional Skills
  • Course Category:
    • Business Law

  • 2022-2023 Winter
    Schedule No Longer Available

Derivatives (1018): The course will examine the legal, regulatory, trading and risk management aspects of the $600 trillion notional over-the-counter and cleared derivatives markets. Derivatives have historically not been well-understood by regulators or the public and have been blamed for causing or contributing to the economic crisis. This course will offer students the opportunity to understand how various derivative products are designed, traded and risk-managed and what role regulators play in the derivatives industry. In addition, students will focus on understanding key legal contracts that underpin the global derivatives industry, in particular focusing on the ISDA© Master Agreement and Credit Support Annex, as well as documentation supporting credit derivatives and other common derivative types. Students will also consider the shifting regulatory landscape for financial institutions and hedge funds as it relates to the way in which these products are traded, with rates and credit products migrating to clearinghouses. The course will conclude with an examination of the economic crisis that erupted with Lehman Brothers' bankruptcy in September 2008 and the consequent policy reactions to that event from a derivatives and bankruptcy perspective. Elements used in grading: attendance, written homework assignments and a final exam.

Sections

Derivatives | LAW 1018 Section 01 Class #1061

  • 2 Units
  • Grading: Law Honors/Pass/Restrd Cr/Fail
  • 2021-2022 Autumn
    Schedule No Longer Available
  • Exam:
    • In-class Final
  • Exam:
      • Remote: Details to come
  • Learning Outcomes Addressed:
    • LO1 - Substantive and Procedural Law
    • LO7 - Professional Skills
  • Course Category:
    • Business Law

  • 2021-2022 Autumn
    Schedule No Longer Available
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