This book provides a uniquely clear and accessible analysis of the legal aspects of the international markets in securities (such as shares and bonds). It considers the legal implications of the computerisation and globalisation of these markets, and in particular the impact of the use of custodians, depositaries and other intermediaries by investors and collateral takers holding interests in securities.
In the light of this analysis, the book goes on to consider a range of both traditional and innovative services and products in the international securities markets. These include a range of collateralisation techniques (including secured lending, repurchase agreements, securities lending and derivatives collateral) custody, settlement and repackaged securities (including managed funds and collateralised bond obligations). The position under both domestic and private international law is
The book is written in plain language so as to be accessible to the relative newcomer to the field, and to market professionals as well as lawyers. However, it is also sufficiently detailed to provide a valuable source of reference and analysis for experienced practitioners engaged in managing legal risk in cross-border securities collateral and investment. Given the global nature of the securities markets, it will be of international relevance and appeal.
Publisher: Oxford University Press
Number of pages: 392
Weight: 855 g
Dimensions: 254 x 176 x 25 mm
... an excellent book ... plenty of background information, attractively laid out and intelligently explained ... Few academics have the practical insight that Dr. Benjamin has from her years in practice with Clifford Chance and by publishing this work she has done academe a great service. * The Cambridge Law Journal 2001 *