Over-the-Counter Derivatives
Description
The course will examine the legal, regulatory, trading and risk management aspects of the $600 trillion national over-the-counter, or privately negotiated, derivatives market. Derivatives have been blamed for causing or at least contributing to the current 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. Students will also consider the shifting regulatory landscape for financial institutions and hedge funds, as well as assess decisions to bail out various financial institutions. In particular, the bankruptcy of Lehman Brothers and the government conservatorship of AIG will be examined.
- Number of Units: 2
- Course Number: 299
Recently Taught By:
All Business and Commercial Law courses:
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- Antitrust
- Bankruptcy
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- Corporate Acquisitions
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- International Commercial Arbitration
- International Deal Making
- International Debt Workouts
- Introduction to Organizational Behavior
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