The Handbook of Loan Syndications and Trading, Second Edition

The Handbook of Loan Syndications and Trading, Second Edition PDF Author: Bridget K. Marsh
Publisher: McGraw-Hill Education
ISBN: 9781264258529
Category : Business & Economics
Languages : en
Pages : 704

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Book Description
Capitalize on the booming $1 trillion corporate loan market—a fully updated edition of the industry standard by the LSTA This new edition of The Handbook of Loan Syndications and Trading addresses radical changes to the lending landscape caused by the global financial crisis. In addition to more than approximately $1.2 trillion of leveraged loans outstanding, the market has seen increased diversification of lenders, and today’s market is dominated by CLOs, debt funds, and other institutional investors—all of which are covered in depth. New and revised topics include: Direct Lending (aka, shadow banking) Growth of the middle market Developments in acquisition finance and the role of the sponsor Deal term trends and the growth of aggressive lending terms The global financial crisis and its after effects Green loans and sustainability finance Transition away from LIBOR to replacement rate - SOFR Fintech and Blockchain The Handbook of Loan Syndications and Trading, Second Edition delivers everything you need to know about the booming U.S. corporate loan market. It provides expert analysis and insights on virtually every key aspect of this financial market, while bringing you completely up to date on the many changes in your profession over the past decade.

The Handbook of Loan Syndications and Trading, Second Edition

The Handbook of Loan Syndications and Trading, Second Edition PDF Author: Lee M. Shaiman
Publisher: McGraw Hill Professional
ISBN: 1264258534
Category : Business & Economics
Languages : en
Pages : 975

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Book Description
Capitalize on the booming $1.2 trillion leveraged loan market―a fully updated edition of the LSTA’s authoritative guide The global financial crisis triggered a series of major changes to the lending landscape, and this heavily updated edition of the go-to guide to the loan syndication market delivers the information and insight you need to succeed. In addition to brand-new chapters on direct lending, the growth of the middle market, sustainability finance, Fintech, and Blockchain, The Handbook of Loan Syndications and Trading, Second Edition delivers fully updated content on critical topics, including: Today’s loan market—how the players have changed and the impacts of other markets Additional loan structures and credit agreement technology in use today The rise of secondary trading as a result of the global financial crisis How the dramatic increase of price volatility affects the market The role of ratings in today’s market Changes to the art of distressed trading The new post-Dodd Frank regulatory landscape The evolving landscape of the loan markets in Asia and Europe The Handbook of Loan Syndications and Trading, Second Edition delivers everything you need to know about the booming U.S. corporate loan market. It provides expert analysis and insights on virtually every key aspect of this financial market, while bringing you completely up to date on the many changes in your profession over the past decade.

The Handbook of Loan Syndications and Trading

The Handbook of Loan Syndications and Trading PDF Author: LSTA (Loan Syndications and Trading Assoc.)
Publisher: McGraw Hill Professional
ISBN: 0071711961
Category : Business & Economics
Languages : en
Pages : 1005

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Book Description
The First Guide to Understanding and Capitalizing on the $1 Trillion-Plus Loan Syndications and Trading Market! The Handbook of Loan Syndications and Trading is the first resource especially designed to equip institutional investors and professional money managers with expert analysis and insights on every key aspect of this rapidly growing financial market. Co-published by McGraw-Hill and the Loan Syndications and Trading Association (LSTA), The Handbook of Loan Syndications and Trading fully explains the evolution and history of the loan market...primary and secondary markets ...analytics and performance...the credit agreement... pricing and all legal and regulatory issues. This comprehensive reference guide features: First-ever guidance on the booming loan syndications and trading market, covering every topic that investors and money managers need to know Over 40 contributions from the leading players in loan syndication, including Standard & Poor's, Bank of America, JP Morgan, Credit Suisse, along with top Buyside Institutions and Law Firms Valuable insights and observations from industry experts A comprehensive A-Z glossary of all loan syndications and trading terms Dozens of helpful tables, charts, and examples

The LSTA's Complete Credit Agreement Guide, Second Edition

The LSTA's Complete Credit Agreement Guide, Second Edition PDF Author: Michael Bellucci
Publisher: McGraw Hill Professional
ISBN: 1259644871
Category : Business & Economics
Languages : en
Pages : 704

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Book Description
The definitive guide for navigating today’s credit agreements Today’s syndicated loan market and underlying credit agreements are far more complex than ever. Since the global financial crisis, the art of corporate loan syndications, loan trading, and investing in this asset class have changed dramatically. Lenders are more diverse, borrowers more demanding, and regulations more stringent. Consequently, the credit agreement has evolved, incorporating many new provisions and a host of revisions to existing ones. The LSTA’s Complete Credit Agreement Guide brings you up to speed on today’s credit agreements and helps you navigate these complex instruments. This comprehensive guide has been fully updated to address seven years of major change—which has all but transformed the loan market as we knew it. It provides everything you need to address these new developments, including what to look for in large sponsor-driven deals, the rise of “covenant lite” agreements for corporate borrowers seeking fewer covenant restrictions, Yankee Loans, other products resulting from globalization, and other product developments driven by the diversification of the investor class. You’ll benefit from the authors’ in-depth coverage of all the nuances of today's credit agreements, as well as their tips on how to protect your loan, manage defaults, and navigate cross-border deals. This reliable guide covers: o Commitments, Loans, and Letters of Credit o Interest and Fees o Amortization and Maturity o Conditions Precedent o Representations o Covenants o Guarantees and Security o Defaults and Enforcement o Interlender, Voting, and Agency issues o Defaulting Lenders o Assignments, Participations, and Disqualified Lender ListsBorrower Rights o Regulatory Developments Structuring and managing credit agreements has always been a difficult process – but now it’s more complicated than ever. Whether you work for a company that borrows money in the syndicated loan market or for a bank, a hedge fund, pension fund, insurance company, or other financial institution, the LSTA’s Complete Credit Agreement Guide puts you ahead of the curve of today’s credit landscape.

Syndicated Lending

Syndicated Lending PDF Author: Tony Rhodes
Publisher: Euromoney Publications
ISBN: 9781843745761
Category : Bank loans
Languages : en
Pages : 684

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Book Description
The new Syndicated Lending 5th Edition contains a new corporate acquisition case study, complete update and revised information to take account of all the changes in the rapidly evolving market for syndicated credits

The Last Trade

The Last Trade PDF Author: James Conway
Publisher: Penguin
ISBN: 1101585560
Category : Fiction
Languages : en
Pages : 346

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Book Description
James Conway has written the corporate thriller for our age, an age when the power of new media and the hunger of Wall Street converge to form a deadly entity capable of bringing the global economy to its knees. Drew Havens made a killing for the Rising Fund, which, thanks to his prognostications, was the only hedge operation to anticipate and capitalize on the mortgage crisis of 2008. Havens sees things others can’t, from the collapse of the American real estate market to the multibillion-dollar rise of his ruthless and charismatic boss. Havens is rich beyond his dreams, but his work has cost him his marriage. And now it may cost him his life. It starts with the brutal murder of his young protégé and, over the course of six days, six other brokers around the world, each killed after executing a trade linked to the Rising Fund. And as the violence escalates to an international level, Havens frantically tries to construct a model that will reveal the catastrophic event that only he can see coming—and confirm that his boss and the Rising Fund are at the center of it.

The Structured Credit Handbook

The Structured Credit Handbook PDF Author: Arvind Rajan
Publisher: John Wiley & Sons
ISBN: 0470100087
Category : Business & Economics
Languages : en
Pages : 544

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Book Description
The Structured Credit Handbook is a comprehensive introduction to all types of credit-linked financial instruments. This book provides state-of-the-art primers on single tranche collateralized debt obligations (CDOs), collateralized loan obligations (CLOs), credit derivatives (such as credit default swaps and swaptions), and iBoxx indexes. Filled with in-depth insight and expert advice, The Structured Credit Handbook covers all aspects of the synthetic arbitrage CDO market, including new instruments such as CDO2. Readers will also gain a firm understanding of the investment rationale, risks, and rewards associated with CDO investments through this valuable resource. The exploding use of credit derivatives and collateralized debt obligations (CDOs) has transformed the world of credit, creating an $18 trillion market almost overnight and resulting in innumerable investment and career opportunities globally. The Structured Credit Handbook provides the reader with a comprehensive and clear roadmap to today's new credit landscape. The full spectrum of structured credit products, from single-name CDS to CDOs, is explained in a simple, clear fashion that is free from the financial jargon and mathematical complexity which characterize many other derivative texts. The handbook begins with an in-depth explanation of the building blocks of the structured credit markets, single-name default swaps and indexes, and it culminates with complex products such as credit options, synthetic tranches, CDOs based on bank loans and asset-backed securities, and CDO-squareds. Written by experienced practitioners who have participated in this market since its infancy, each of the thirteen chapters introduces and analyzes a new product and explains its practical applications. A rich set of real-life case studies illustrate the application of each product in a concrete market setting. The book may be used in a semester-long course on structured credit as part of a business or finance curriculum. Whether you are a market professional, a university student or faculty member, or simply a financially savvy layperson, look no further for an up-to-date and thorough introduction to this rapidly growing and exciting field. Dr. Arvind Rajan, Managing Director, Citigroup Global Markets, is engaged in proprietary trading of Structured Credit products, and until recently, was global head of Structured Credit Research and Strategy at Citigroup. Glen McDermott (New York, NY) is Director of Fixed Income Sales and the former head of CDO Research at Citigroup Global Markets Inc. Ratul Roy is head of CDO Strategy for Citigroup Global Markets and has spent the prior nine years in structuring or analyzing CDOs and other structured credit products.

Forced to Be Good

Forced to Be Good PDF Author: Emilie M. Hafner-Burton
Publisher: Cornell University Press
ISBN: 0801457467
Category : Political Science
Languages : en
Pages : 235

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Book Description
Preferential trade agreements have become common ways to protect or restrict access to national markets in products and services. The United States has signed trade agreements with almost two dozen countries as close as Mexico and Canada and as distant as Morocco and Australia. The European Union has done the same. In addition to addressing economic issues, these agreements also regulate the protection of human rights. In Forced to Be Good, Emilie M. Hafner-Burton tells the story of the politics of such agreements and of the ways in which governments pursue market integration policies that advance their own political interests, including human rights.How and why do global norms for social justice become international regulations linked to seemingly unrelated issues, such as trade? Hafner-Burton finds that the process has been unconventional. Efforts by human rights advocates and labor unions to spread human rights ideals, for example, do not explain why American and European governments employ preferential trade agreements to protect human rights. Instead, most of the regulations protecting human rights are codified in global moral principles and laws only because they serve policymakers' interests in accumulating power or resources or solving other problems. Otherwise, demands by moral advocates are tossed aside. And, as Hafner-Burton shows, even the inclusion of human rights protections in trade agreements is no guarantee of real change, because many of the governments that sign on to fair trade regulations oppose such protections and do not intend to force their implementation.Ultimately, Hafner-Burton finds that, despite the difficulty of enforcing good regulations and the less-than-noble motives for including them, trade agreements that include human rights provisions have made a positive difference in the lives of some of the people they are intended-on paper, at least-to protect.

EU Digital Copyright Law and the End-User

EU Digital Copyright Law and the End-User PDF Author: Giuseppe Mazziotti
Publisher: Springer Science & Business Media
ISBN: 3540759859
Category : Law
Languages : en
Pages : 378

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Book Description
This book presents a thorough exploration of the legal framework of EU digital copyright law from the perspective of the end-user. It provides a detailed examination of the implications that the spectacular rise of this new actor creates for the interplay between the EU copyright system and human rights law, competition law and other important policies contained in the EC Treaty. This comprehensive, book is crucial reading for lawyers, policymakers and academics.

The Triple Bottom Line

The Triple Bottom Line PDF Author: Adrian Henriques
Publisher: Routledge
ISBN: 1136551689
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
'The Triple Bottom Line' - which delivers simultaneous social, financial and environmental benefits - is a rallying cry for business sustainability. This text examines the implications of the idea, showing what has already been achieved.

Practitioner's Guide to Arbitration in the Middle East and North Africa

Practitioner's Guide to Arbitration in the Middle East and North Africa PDF Author: Essam Al Tamimi
Publisher: Juris Publishing, Inc.
ISBN: 1933833300
Category : Arbitration and award
Languages : en
Pages : 568

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Book Description
The Practitioner's Guide to Arbitration in the Middle East and North Africa is the culmination of the real experience and expertise from those experts and authorities directly involved with arbitration in their respective countries. The book is the first of its kind to target the Mena region specifically and is essential for anyone working in the area of arbitration both in the Middle East and world-wide. The practice of arbitration of private disputes is not new to MENA countries. Arbitration has long been recognized as a legitimate and culturally accepted practice of dispute resolution, dating back to dispute resolution practices of the early Islamic period, and even the pre-Islamic era. International commercial arbitration, and its cultural and juridical acceptance, is a more recent and complex phenomenon nonetheless on the rise in MENA countries. It is now standard for arbitration clauses to be included in contracts governing international transactions and there is a growing consensus among MENA merchants engaged in international trade, along with their commercial counterparts in the rest of the world, that international arbitration is preferable to litigation in domestic courts for purposes of resolving private commercial disputes. While subject to some qualifications and restrictions in some instances, in many, if not most, MENA countries, arbitration clauses can be included in contracts with government entities engaging in commercial transactions. Additionally, conferences, seminars, and training programs in international arbitration are on the rise, and various international arbitration centres have been established. The advantages from the perspective of private parties are tremendous: Parties can elect which law will apply to disputes arising from their transactions, and they can remove themselves from the constraints and biases of parochial attitudes in national courts. There is also an increasing acceptance by national courts of international arbitration standards, such as the principle of Kompetenz-Kompetenz, recognising the right of arbitrators to decide their own jurisdiction and the separability of the arbitration clause. More frequently, courts are granting assistance and support to international arbitrations and are more receptive to enforcing foreign awards. This book is a comprehensive guide to arbitration in Algeria, Bahrain, Egypt, Iran, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, UAE, and Yemen. Written in question/answer format by leading practicioners and firms from the region, it elicits the most salient features of the legal framework for arbitration and international arbitration in each of the respective countries.