Banking & Finance Amsterdam. Derivatives. Technical know how, solid pragmatism

Size: px
Start display at page:

Download "Banking & Finance Amsterdam. Derivatives. Technical know how, solid pragmatism"

Transcription

1 Banking & Finance Amsterdam Derivatives Technical know how, solid pragmatism

2 Corinne Schot is a highly regarded structured finance and derivatives expert. Legal 500, 2011 The firm provided solutions that were satisfactory to everybody involved. Chambers Europe, 2012

3 Derivatives In this changing environment you need access to derivatives specialists who combine technical know how with solid pragmatism. The derivatives market has been going through a turbulent time since It is now subject to intense judicial and regulatory scrutiny. Today s court decisions and legislative responses may have repercussions for years to come. Market participants reassess their approach to counterparty credit risk and the suitability of their documentation. Issues like clearing, collateralisation, funding and dispute management have taken centre stage: More than anything, the financial crisis has shown how interconnected the global financial markets really are. Whichever side of the deal you are on, the Derivatives Team of Baker & McKenzie Amsterdam can support you in navigating this complex landscape. We are advising on all types of derivatives products. We anticipate challenges and deliver market-appropriate solutions. We listen to your objectives and structure the best transaction for your business. Our Services We have extensive experience in advising on documentation for a wide range of derivatives products: Master Agreement Advisory encompassing master agreement and collateral advice and negotiation, closeout netting and enforceability advice; close -out and disputes advice Commodity derivatives including emissions trading, power and metals Credit derivatives Custody, Clearing and Prime Brokerage Equity products Interest rate and currency products Dispute management Repo and Securities lending arrangements Securitisation and loan linked hedging Treasury Risk Management We stay abreast of all developments in your market. Our advice to you will be based on the latest legal documentation and regulatory changes, matching your daily business and any special requirements.

4 Local Insight, Global Expertise As our client, you will be advised by local derivatives practitioners with deep expertise in derivatives issues and Dutch practices, but with a focus that extends to the regional and international issues affecting your business. We are actively involved in the global Baker & McKenzie derivatives network, which gives you access to globally integrated advice. We cover the world s leading financial centres, as well as emerging markets such as Latin America, China and Russia. Within the global team, we advise clients on the following products: Advisory Services Close-out and insolvency issues in multiple jurisdictions (including some not covered by ISDA legal opinions) Complex credit risk mitigation structures Derivatives related ratings criteria required by major rating agencies Commodity Products Energy price risk management utilising complex commodity transactions Commodity derivatives trading for oil, gold, polypropylene, commodity indexes Trading precious metals in the London precious metals market Credit Products Tailor-made CDS structures Structured credit and fund/ index linked products Convertible asset options First to default structures Emissions Trading ISDA Emissions Allowance Trading documentation Synthetic sale of Emissions Reduction Units Private sector syndicated investment in a CDM project in China Equity Products Equity capped call transaction managing potential dilution of shares Monitisation of emerging markets securities via a structured collateralised equity derivative arrangement Longevity Swaps Structured insurance policy/ longivity swap for UK fund to lay off a percentage of its pension obligations

5 Our Clients We regularly represent financial institutions, government instrumentalities, housing corporations, multinationals, insurance companies, hedge funds, pension funds and investors. Some of the Dutch recent transactions include: Lehman Brothers Lead counsel to the curators of three Lehman Brothers entities on the unwinding of the derivative portfolios (including the valuation) Social housing corporations Representing several housing corporations in their negotiations with several major financial institutions regarding all contracts relating to the derivatives portfolios Local governments and provinces Advising several local councils and provinces on the structuring of loans, derivatives portfolios and ISDA-contracts Insurance companies and pension funds Representing insurance companies and pension funds in their negotiations regarding all contracts relating to the derivatives portfolios and ISDA contracts Financial institutions Advising several major financial institutions on their derivative contracts and the structuring thereof

6 Baker & McKenzie has been global since inception. Being global is part of our DNA. Our difference is the way we think, work and behave we combine an instinctively global perspective with a genuinely multicultural approach, enabled by collaborative relationships and yielding practical, innovative advice. Serving our clients with more than 4,000 lawyers in over 40 countries, we have a deep understanding of the culture of business the world over and are able to bring the talent and experience needed to navigate complexity across practices and borders with ease. Visit Our team Corinne Schot Partner Elsbeth Kroeze Senior Associate Hans Schober Associate Leonard van den Ende Junior Associate Soeradj Ramsanjhal Junior Associate Tess Israel Junior Associate Contact persons: Corinne Schot corinne.schot@bakermckenzie.com Elsbeth Kroeze elsbeth.kroeze@bakermckenzie.com 2013 Baker & McKenzie. All rights reserved. Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a partner means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an office means an office of any such law firm. This may qualify as Attorney Advertising requiring notice in some jurisdictions. Prior results do not guarantee a similar outcome.

MEMBER FIRM OF BAKER & MCKENZIE INTERNATIONAL, A SWISS VEREIN ISTANBUL

MEMBER FIRM OF BAKER & MCKENZIE INTERNATIONAL, A SWISS VEREIN ISTANBUL MEMBER FIRM OF BAKER & MCKENZIE INTERNATIONAL, A SWISS VEREIN ISTANBUL Local Dynamism Nuanced insight into local legal and business issues Turkey is one of the fastest growing economies in the world. Keep

More information

Wealth Management. Global. Informed choices

Wealth Management. Global. Informed choices Wealth Management Global Informed choices YOUR CHALLENGE There are many legal intricacies to growing and preserving wealth. Wealth management paradigms are shifting as transparency developments take hold

More information

Wealth Management. Instinctively global

Wealth Management. Instinctively global Wealth Management Instinctively global In an integrated global economy clients need an integrated global law firm The wealth management landscape is changing and with it the needs of our clients. An instinctively

More information

Tax Amsterdam. Innovative tax solutions helping you seize opportunities and solve business issues

Tax Amsterdam. Innovative tax solutions helping you seize opportunities and solve business issues Tax Amsterdam Innovative tax solutions helping you seize opportunities and solve business issues Innovative tax solutions helping you seize opportunities and solve business issues The leading Tax Practice

More information

Corporate Compliance Australia. 5 Essential Elements of Compliance

Corporate Compliance Australia. 5 Essential Elements of Compliance Corporate Compliance Australia 5 Essential Elements of Compliance Today s multinational companies must contend with an ever-changing number of compliance requirements that seem to multiply daily. Australian

More information

Mineral Commodities Trading

Mineral Commodities Trading Energy, Mining and Infrastructure Global Mineral Commodities Trading 5 Key Risk Factors Commodity trading in a down-cycle Buyers beware! Depressed commodity prices. Buyers with questionable credit quality.

More information

UNITED ARAB EMIRATES

UNITED ARAB EMIRATES UNITED ARAB EMIRATES Extensive Local Capabilities Pioneering knowledge and experience As one of the world s most open and swiftly growing economies, the United Arab Emirates continues to be a strategic

More information

Corporate Compliance Global. Mergers & Acquisition

Corporate Compliance Global. Mergers & Acquisition Corporate Compliance Global Mergers & Acquisition B LE CONFIDENTIAL 2011 Baker & McKenzie. All rights reserved. ROU Global Corporate Compliance CONFIDENTIAL 2011 Baker & McKenzie. All rights reserved.

More information

Tax Amsterdam. Cash Pooling. Efficient working capital funding

Tax Amsterdam. Cash Pooling. Efficient working capital funding Tax Amsterdam Cash Pooling Efficient working capital funding Cash Pooling in the Netherlands: tax, transfer pricing and legal aspects More and more multinational enterprises (MNEs) set up cash pools to

More information

Global Forum 2014. Tokyo EVENT REPORT

Global Forum 2014. Tokyo EVENT REPORT Baker & McKenzie Global Forum 2014 Personal Data Protection: Global personal data risk and management - Trends and perspectives from Asia, Europe, and the US EVENT REPORT Global Forum 2014 MARCH 2014 TOKYO

More information

Documenting and Negotiating Prime Brokerage Agreements

Documenting and Negotiating Prime Brokerage Agreements Documenting and Negotiating Prime Brokerage Agreements September 26, 2013 1. About the Speakers 2. Presentation 3. About Schulte Roth & Zabel About the Speakers Craig Stein Schulte Roth & Zabel LLP 919

More information

toepassing de Innovatiebox

toepassing de Innovatiebox Indirect Tax Tax Group Amsterdam Amsterdam Indirect Tax De Supply Chain toepassing Management vantool de Innovatiebox Significant Savings and Opportunities by Effective Supply Chain Management In order

More information

India. Doorway to opportunities

India. Doorway to opportunities India Doorway to opportunities We have the key India s development plays an increasingly active role in the global economy and presents significant business opportunities. As clients manage and explore

More information

Financial collateral arrangements and the financial markets

Financial collateral arrangements and the financial markets European Bank for Reconstruction and Development SECURED LENDING IN COMMERCIAL TRANSACTIONS TRENDS AND PERSPECTIVES 4-5 November 2013, EBRD Headquarters, London Financial collateral arrangements and the

More information

Industry Insurance and the BIA Bill - Review

Industry Insurance and the BIA Bill - Review ISDA International Swaps and Derivatives Association, Inc. 360 Madison Avenue, 16th Floor New York, NY 10017 United States of America Telephone: 1 (212) 901-6000 Facsimile: 1 (212) 901-6001 email: isda@isda.org

More information

Re: Notice and Request for Comments - Determinations of Foreign Exchange Swaps and Forwards (75 Fed. Reg. 66829)

Re: Notice and Request for Comments - Determinations of Foreign Exchange Swaps and Forwards (75 Fed. Reg. 66829) ISDA International Swaps and Derivatives Association, Inc. 360 Madison Avenue, 16th Floor New York, NY 10017 United States of America Telephone: 1 (212) 901-6000 Facsimile: 1 (212) 901-6001 email: isda@isda.org

More information

Global Information Technology & Communications 2012. Global Privacy and Data Protection

Global Information Technology & Communications 2012. Global Privacy and Data Protection Global Information Technology & Communications 2012 Global Privacy and Data Protection Contents 1. Leading Global Privacy and Information Management Practice 2. Privacy and Data Protection 3. Sound and

More information

In the credit derivatives arena, synthetic funding structures

In the credit derivatives arena, synthetic funding structures Synthetic Funding Structures: The Art of Complex Trades The development of synthetic funding structured vehicles has enabled a wider range of participants to enter the credit derivatives market. What exactly

More information

Deutsche Bank Global Transaction Banking. Securities Services. Overview

Deutsche Bank Global Transaction Banking. Securities Services. Overview Deutsche Bank Global Transaction Banking Direct Securities Services Securities Services Overview Finding the right custodian with a long-term commitment to supporting its clients business is critical for

More information

Financial Markets elearning learn inform inspire

Financial Markets elearning learn inform inspire Financial Markets elearning learn inform inspire Release 29: 2013 Financial Markets Courses Introduction to Financial Markets Financial Markets - An Introduction Money Markets - An Introduction Foreign

More information

Client Alert The Volcker Rule Proprietary Trading Prohibition:

Client Alert The Volcker Rule Proprietary Trading Prohibition: North America Banking & Finance Client Alert The Volcker Rule Proprietary Trading Prohibition: January 2014 A Primer for Nonfinancial Company CFOs and Treasurers Prepared by: Daniel L. Goelzer + 1 202

More information

LIBA. Structured Products: Principles for Managing the Distributor- Individual Investor Relationship

LIBA. Structured Products: Principles for Managing the Distributor- Individual Investor Relationship ISDA LIBA Structured Products: Principles for Managing the Distributor- Individual Investor Relationship The distributor-individual investor relationship should deliver fair treatment of the individual

More information

Global Guide to Competition Litigation Poland

Global Guide to Competition Litigation Poland Global Guide to Competition Litigation Poland 2012 Table of Contents Availability of private enforcement in respect of competition law infringements and jurisdiction... 1 Conduct of proceedings and costs...

More information

Seminar on Overview of Regulations for Companies and Corporate Governance Regulations in Saudi Arabia

Seminar on Overview of Regulations for Companies and Corporate Governance Regulations in Saudi Arabia Seminar on Overview of Regulations for Companies and Corporate Governance Regulations in Saudi Arabia Karim Nassar Zahi Younes Omar Iqbal Baker & McKenzie Limited is a member firm of Baker & McKenzie International,

More information

LIBA. Structured Products: Principles for Managing the Distributor- Individual Investor Relationship

LIBA. Structured Products: Principles for Managing the Distributor- Individual Investor Relationship ISDA LIBA Structured Products: Principles for Managing the Distributor- Individual Investor Relationship The distributor-individual investor relationship should deliver fair treatment of the individual

More information

The Bank of Nova Scotia U.S. Resolution Plan Public Summary December 20, 2013

The Bank of Nova Scotia U.S. Resolution Plan Public Summary December 20, 2013 The Bank of Nova Scotia U.S. Resolution Plan Public Summary December 20, 2013 NYDOCS03/975876.3A Table of Contents Introduction...1 A. Names of Material Entities...2 B. Description of Core Business Lines...3

More information

Wealth and Investment Management. What is wealth? The answer is there is no simple answer

Wealth and Investment Management. What is wealth? The answer is there is no simple answer Wealth and Investment Management What is wealth? The answer is there is no simple answer By choosing a better vantage point we gain a clearer picture Everyone is different. That s why our wealth management

More information

Alternatieve bronnen en vormen van financiering

Alternatieve bronnen en vormen van financiering Alternatieve bronnen en vormen van financiering 9 november 2012 DACT Treasury Beurs Today s speakers Thijs Alexander (Partner, Corporate) Hein Tonnaer (Counsel, Finance) Pieter van Welzen (Partner, Capital

More information

U.S. DERIVATIVES REFORM (DODD-FRANK ACT, TITLE VII)

U.S. DERIVATIVES REFORM (DODD-FRANK ACT, TITLE VII) FREQUENTLY ASKED QUESTIONS U.S. DERIVATIVES REFORM (DODD-FRANK ACT, TITLE VII) INTERNAL USE ONLY Comprehensive information for Relationship Managers and other staff of Julius Baer Group September 2015

More information

the paris office Elizabeth Naud and Luc Poux, architects

the paris office Elizabeth Naud and Luc Poux, architects the paris office Elizabeth Naud and Luc Poux, architects dllp Our commitment is to be the definitive source of practical advisory services and our clients most powerful advocates. DECHERT LLP In-depth

More information

Fiduciary Management. What is Fiduciary Management?

Fiduciary Management. What is Fiduciary Management? Fiduciary Management What is Fiduciary Management? Fiduciary Management can be defined as a pension management solution which focuses on achieving the long term goals of a pension fund within a defined

More information

"Determining Party" means the party or parties specified as such in the related

Determining Party means the party or parties specified as such in the related (ii) information consisting of relevant market data in the relevant market supplied by one or more third parties including, without limitation, relevant rates, prices, yields, yield curves, volatilities,

More information

HUDSON SALARY GUIDES 2015

HUDSON SALARY GUIDES 2015 Singapore HUDSON SALARY GUIDES 2015 Financial Services about this publication This Salary Guide is a compilation of salary and market information provided by Hudson consultants, clients, candidates and

More information

MEMBER FIRM OF BAKER & MCKENZIE INTERNATIONAL. Directors' Duties and Liabilities under Malaysian Law

MEMBER FIRM OF BAKER & MCKENZIE INTERNATIONAL. Directors' Duties and Liabilities under Malaysian Law MEMBER FIRM OF BAKER & MCKENZIE INTERNATIONAL Directors' Duties and Liabilities under Malaysian Law December 2010 This memorandum has been prepared for clients and professional associates of Wong & Partners.

More information

ETFs for private investors

ETFs for private investors ETFs for private investors Simple products. Sophisticated strategies. ETFs Exchange Traded Funds (ETFs) are instruments which track an index. Indices can be country or region specific and based on emerging

More information

Finance. Derivatives and Structured Finance

Finance. Derivatives and Structured Finance Finance Derivatives and Structured Finance Our Derivatives Practice Derivatives work has been a central part of our Finance Practice for almost 20 years. We advise on fixed income, FX, inflation, equity,

More information

LATIN AMERICA. www.bakermckenzie.com/latinamerica

LATIN AMERICA. www.bakermckenzie.com/latinamerica LATIN AMERICA www.bakermckenzie.com/latinamerica CHAMBERS LATIN AMERICA LAW FIRM OF THE YEAR AWARD WINNER 2014 We offer broader market, industry and legal know-how in Latin America than any other law firm.

More information

«Structured products with reference bonds» Active management of debtor risk in portfolios. Vontobel Investment Banking

«Structured products with reference bonds» Active management of debtor risk in portfolios. Vontobel Investment Banking «Structured products with reference bonds» Active management of debtor risk in portfolios Vontobel Investment Banking Table of contents 04 A new dimension in structured products with reference bonds What

More information

In depth A look at current financial reporting issues

In depth A look at current financial reporting issues inform.pwc.com In depth A look at current financial reporting issues December 2014 No. INT2014-11 What s inside: Background: Illustrative tabular disclosures: Frequently asked questions: Contacts: Frequently

More information

TRADING & TREASURY MANAGEMENT SIMULATION TRAINING@THE DEALING ROOM

TRADING & TREASURY MANAGEMENT SIMULATION TRAINING@THE DEALING ROOM TRADING & TREASURY MANAGEMENT SIMULATION TRAINING@THE DEALING ROOM Leading Excellence in Banking & Finance OUR PARTNERS CapitalWave provides truly dynamic educational simulation training platforms. CapitalWave

More information

SYLLABUS The ACI Dealing Certificate (Prometric Code: 3I0-008)

SYLLABUS The ACI Dealing Certificate (Prometric Code: 3I0-008) SYLLABUS The ACI Dealing Certificate (Prometric Code: 3I0-008) Examination delivered in ENGLISH and GERMAN The ACI Dealing Certificate is a foundation programme that allows candidates to acquire a working

More information

master-feeder structures: made in luxembourg UCITS IV

master-feeder structures: made in luxembourg UCITS IV master-feeder structures: made in luxembourg UCITS IV What is a master-feeder structure? One of the main features of the UCITS IV Directive is the master-feeder structure, which provides for pooling of

More information

Tools for Mitigating Credit Risk in Foreign Exchange Transactions 1

Tools for Mitigating Credit Risk in Foreign Exchange Transactions 1 Tools for Mitigating Credit Risk in Foreign Exchange Transactions November 2010 Introduction In November 2009, the Foreign Exchange Committee (FXC) and its Buy-Side Subcommittee released a paper that reviewed

More information

Industry-leading Credit Risk Solutions

Industry-leading Credit Risk Solutions Industry-leading Credit Risk Solutions About Us Fitch Solutions provides a range of industry-leading products and professional development services to the global financial community. In addition to offering

More information

IN ASSOCIATION WITH BAKER & MCKENZIE LIMITED. An Outline of Various Forms of Doing Business in Saudi Arabia

IN ASSOCIATION WITH BAKER & MCKENZIE LIMITED. An Outline of Various Forms of Doing Business in Saudi Arabia IN ASSOCIATION WITH BAKER & MCKENZIE LIMITED An Outline of Various Forms of Doing Business in Saudi Arabia April 2012 Table of Contents I. Limited Liability Company... 1 1 General... 1 2 Features of a

More information

Trade Finance Update for Multinationals and Financial Institutions

Trade Finance Update for Multinationals and Financial Institutions Trade Finance Update for Multinationals and Financial Institutions A Discussion on Recent Developments in Trade Finance Presented by: Ricardo Martinez, Partner, New York Lloyd Winans, Partner, New York

More information

DEFINITIVE ADVICE PRACTICAL GUIDANCE POWERFUL ADVOCACY LLP

DEFINITIVE ADVICE PRACTICAL GUIDANCE POWERFUL ADVOCACY LLP European Funds Practice DEFINITIVE ADVICE PRACTICAL GUIDANCE POWERFUL ADVOCACY LLP European Funds Practice Dechert s international Financial Services Practice features an industry-leading group of experienced

More information

Collateral Fundamentals

Collateral Fundamentals COLLATERAL INITIATIVES COORDINATION FORUM Collateral Fundamentals A Dictionary Definition of Collateral: Something pledged as security for repayment of a loan, to be forfeited in the event of a default

More information

DTCC: An Overview. Larry Thompson, DTCC Managing Director and General Counsel. August 2013 DTCC

DTCC: An Overview. Larry Thompson, DTCC Managing Director and General Counsel. August 2013 DTCC DTCC: An Overview Larry Thompson, DTCC Managing Director and General Counsel August 2013 1 DTCC: Introduction User-owned cooperative that through its subsidiaries provides secure, reliable, costeffective

More information

Trends, Risks and Opportunities in Collateral Management

Trends, Risks and Opportunities in Collateral Management Trends, Risks and Opportunities in Collateral Management A Collateral Management White Paper January 2014 Introduction Collateral is viewed as both a solution to and a trigger of massive financial losses

More information

Article 2014. Collateralized Loan Obligations. by Rob McDonough Chief Risk Officer, Angel Oak Capital Advisors, LLC

Article 2014. Collateralized Loan Obligations. by Rob McDonough Chief Risk Officer, Angel Oak Capital Advisors, LLC Article 2014 Collateralized Loan Obligations by Rob McDonough Chief Risk Officer, Angel Oak Capital Advisors, LLC Collateralized Loan Obligations Collateralized loan obligations ( CLOs ) are structured

More information

EXCHANGE Traded Funds

EXCHANGE Traded Funds EXCHANGE TRADED FUNDS EXCHANGE Traded Funds Guide to listing on the Cayman Islands Stock Exchange Contents Introduction... 3 What CSX has to offer... 4 The listing process... 6 Conditions for listing...

More information

Global Guide to Competition Litigation Japan

Global Guide to Competition Litigation Japan Global Guide to Competition Litigation Japan 2012 Table of Contents Availability of private enforcement in respect of competition law infringement and jurisdiction... 1 Conduct of proceedings and costs...

More information

How a thoughtful FX strategy can give Fund Managers a competitive edge

How a thoughtful FX strategy can give Fund Managers a competitive edge How a thoughtful FX strategy can give Fund Managers a competitive edge Executive summary Each alternative investment fund takes a different approach to its investment strategy, but the ultimate goals are

More information

Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima

Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima F nultima Our trainers have successfully delivered training programmes for some of the top global organizations (

More information

Services and Capabilities. Financial Services Transfer Pricing

Services and Capabilities. Financial Services Transfer Pricing Services and Capabilities Financial Services Transfer Pricing Our team of experts offers an unmatched combination of economic credentials, industry expertise, and testifying experience. FINANCIAL SERVICES

More information

Climate-Related Business & Technology

Climate-Related Business & Technology www.sandw.com Climate-Related Business & Technology Climate change and the measures required to address it raise fundamental business, legal and risk management issues. Working in this evolving arena requires

More information

The ABI s response to the European Commission s Consultation Document on Foreign Exchange Financial Instruments

The ABI s response to the European Commission s Consultation Document on Foreign Exchange Financial Instruments The ABI s response to the European Commission s Consultation Document on Foreign Exchange Financial Instruments The ABI The UK Insurance Industry The UK insurance industry is the third largest in the world

More information

BASICS OF CREDIT VALUE ADJUSTMENTS AND IMPLICATIONS FOR THE ASSESSMENT OF HEDGE EFFECTIVENESS

BASICS OF CREDIT VALUE ADJUSTMENTS AND IMPLICATIONS FOR THE ASSESSMENT OF HEDGE EFFECTIVENESS BASICS OF CREDIT VALUE ADJUSTMENTS AND IMPLICATIONS FOR THE ASSESSMENT OF HEDGE EFFECTIVENESS This is the third paper in an ongoing series that outlines the principles of hedge accounting under current

More information

OTC derivatives reforming EU market structures. Ash Saluja, Partner CMS Cameron McKenna LLP

OTC derivatives reforming EU market structures. Ash Saluja, Partner CMS Cameron McKenna LLP OTC derivatives reforming EU market structures Ash Saluja, Partner CMS Cameron McKenna LLP The OTC derivatives market - a brief reminder. Scope $605 trillion notional amount / $25 trillion gross market

More information

Client Alert February 16, 2015

Client Alert February 16, 2015 Client Alert February 16, 2015 For more information, please contact Pierre Berger Partner pierre.berger@bakermckenzie.com Isabelle Van Biesen Associate isabelle.vanbiesen@bakermckenzie.com Olivier Van

More information

Oil & Gas Capability Statement

Oil & Gas Capability Statement Oil & Gas Capability Statement CIS Baker & McKenzie is one of the world s largest international law firms with 74 offices in 46 countries. With more than 4,100 locally qualified, internationally experienced

More information

The Netherlands. Kyiv 12 February 2013

The Netherlands. Kyiv 12 February 2013 The Netherlands Kyiv 12 February 2013 Table of contents Table of contents Features of the Netherlands Holding structures Finance structures Trading structure What Atlas Tax Lawyers can do for you Contact

More information

Financial Services Training

Financial Services Training Financial Services Training Diverse Topics...03 Cash Processing and Management...04 Finance for Non - Financial Managers...05 International Financial Markets...06 Life Insurance and Pension Products...07

More information

Funds and Asset Management

Funds and Asset Management Funds and Asset Management September 2013 Detail from Early Morning by Trevor Bell Really solution-oriented. They re not there just to fix legal problems, but try to help us think through the commercial

More information

The Value of Derivatives

The Value of Derivatives The Value of Derivatives International Swaps and Derivatives Association, Inc. WHO USES DERIVATIVES AND WHY? MANUFACTURING INTERNATIONAL TRADE TRANSPORTATION FINANCING COSTS EXCHANGE RATES FUEL COSTS MANUFACTURERS

More information

Final European Standards for Derivatives Collateralisation

Final European Standards for Derivatives Collateralisation Client Alert 17 March 2016 Final European Standards for Derivatives Collateralisation On 8 March 2016, the three European Supervisory Authorities (ESAs) 1 published their final draft regulatory technical

More information

SECURITIES AND FUTURES ACT (CAP. 289)

SECURITIES AND FUTURES ACT (CAP. 289) Monetary Authority of Singapore SECURITIES AND FUTURES ACT (CAP. 289) NOTICE ON RISK BASED CAPITAL ADEQUACY REQUIREMENTS FOR HOLDERS OF CAPITAL MARKETS SERVICES LICENCES Monetary Authority of Singapore

More information

EMIR and REMIT: Wholesale Energy Trading on the Docket. How to Prepare Your Business for the New Paradigm. www.allegrodev.com

EMIR and REMIT: Wholesale Energy Trading on the Docket. How to Prepare Your Business for the New Paradigm. www.allegrodev.com www.allegrodev.com EMIR and REMIT: Wholesale Energy Trading on the Docket How to Prepare Your Business for the New Paradigm 2013 Allegro Development. All rights reserved. Introduction At a Glance EMIR

More information

Christian Oetiker. General. Education

Christian Oetiker. General. Education Christian Oetiker Dr., LL.M. Attorney at Law Partner Languages: German, English, Italian, French Contact: +41 58 211 33 52, coetiker@vischer.com General Christian Oetiker is one of our proven specialists

More information

DACT autumn diner workshop. Risk management, valuation and accounting

DACT autumn diner workshop. Risk management, valuation and accounting DACT autumn diner workshop Risk management, valuation and accounting Agenda 1. Risk management - mitigate risk Cost of hedging Risk mitigants Risk management policy 2. Valuation & accounting - mitigate

More information

INTRODUCTION TO TRADING AND INVESTING IN FIXED INCOME SIMULATION TRAINING@THE DEALING ROOM

INTRODUCTION TO TRADING AND INVESTING IN FIXED INCOME SIMULATION TRAINING@THE DEALING ROOM INTRODUCTION TO TRADING AND INVESTING IN FIXED INCOME SIMULATION TRAINING@THE DEALING ROOM Leading Excellence in Banking & Finance OUR PARTNERS CapitalWave provides truly dynamic educational simulation

More information

NEW NOTICE ON REQUIREMENTS FOR REGISTERED INSURANCE BROKERS EXEMPT FROM HOLDING A FINANCIAL ADVISER S LICENCE UNDER SECTION 23(1)(c)

NEW NOTICE ON REQUIREMENTS FOR REGISTERED INSURANCE BROKERS EXEMPT FROM HOLDING A FINANCIAL ADVISER S LICENCE UNDER SECTION 23(1)(c) Annex 12 NEW NOTICE ON REQUIREMENTS FOR REGISTERED INSURANCE BROKERS EXEMPT FROM HOLDING A FINANCIAL ADVISER S LICENCE UNDER SECTION 23(1)(c) Disclaimer: This version of the Notice is in draft form and

More information

Financial services regulatory compliance. Changing demands require the right perspective

Financial services regulatory compliance. Changing demands require the right perspective Financial services regulatory compliance Changing demands require the right perspective The role of compliance is being elevated as regulatory demands increase. Compliance leaders are facing the greatest

More information

ETPs for private investors

ETPs for private investors ETPs for private investors Simple products. Sophisticated strategies. ETPs Exchange Traded Products (ETPs) such as Exchange Traded Commodities (ETCs) and Exchange Traded Notes (ETNs) are listed exchange

More information

October 2014. Guide to the Financial Market Infrastructure Act

October 2014. Guide to the Financial Market Infrastructure Act October 2014 Guide to the Financial Market Infrastructure Act 1. Executive Summary The Financial Market Infrastructure Act (FMIA) (Bundesgesetz über die Finanzmarktinfrastrukturen und das Marktverhalten

More information

Fixed Income Markets

Fixed Income Markets e-learning and reference solutions for the global finance professional Fixed Income Markets The single-best resource for understanding and participating in Fixed Income Markets After completing this course,

More information

U.S. Inbound Tax Services

U.S. Inbound Tax Services TAX U.S. Inbound Tax Helping foreign companies achieve tax-efficiency in their U.S. operations kpmg.com 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network

More information

SECURITIES LENDING IN 2016

SECURITIES LENDING IN 2016 SECURITIES LENDING IN 2016 CHALLENGES AND OPPORTUNITIES FOR AGENT LENDERS AND BENEFICIAL OWNERS A SECURITIES SERVICES PUBLICATION The bank for a changing world Securities lending in 2016 Challenges and

More information

Securities Borrowing and Lending (SBL) An Introduction

Securities Borrowing and Lending (SBL) An Introduction Securities Borrowing and Lending (SBL) An Introduction Two Ways to Profit in a Market (1) Profit from an Uptrend Two Ways to Profit in a Market (2) Investor anticipates a downtrend Investor borrows securities

More information

Technology Implications and Costs of Dodd-Frank on Financial Markets. Larry Tabb Founder & CEO TABB Group

Technology Implications and Costs of Dodd-Frank on Financial Markets. Larry Tabb Founder & CEO TABB Group Technology Implications and Costs of Dodd-Frank on Financial Markets Larry Tabb Founder & CEO TABB Group CFTC TAC Washington DC March 1, 2011 Contents Workflows High Level Existing High Level Proposed

More information

Discussion Topics. Investment Risk Appetite. Risk Appetite Risk Management. Financial Disaster Preparedness Checklist Rebalancing.

Discussion Topics. Investment Risk Appetite. Risk Appetite Risk Management. Financial Disaster Preparedness Checklist Rebalancing. Insurance Investment Practices during an Economic Downturn March 16, 2011 9:45 11 am Marc A. Tourville, CFA, CIPM Cardinal Investment Advisors, LLC Discussion Topics Risk Appetite Risk Management Tactical

More information

GEORGIA STATE FINANCING AND INVESTMENT COMMISSION (GSFIC) Policy and Procedures, Owner Commission

GEORGIA STATE FINANCING AND INVESTMENT COMMISSION (GSFIC) Policy and Procedures, Owner Commission GEORGIA STATE FINANCING AND INVESTMENT COMMISSION (GSFIC) Policy and Procedures, Owner Commission Policy Title/Number QUALIFIED INTEREST RATE MANAGEMENT AGREEMENTS FOR STATE AUTHORITIES Effective Date:

More information

SUGGESTED AMENDMENTS. Bankruptcy and Insolvency Act

SUGGESTED AMENDMENTS. Bankruptcy and Insolvency Act SUGGESTED AMENDMENTS Bankruptcy and Insolvency Act The underlined words are our suggested language: BIA section 65.1 (7), (8) and (9) 65.1 (1) If a notice of intention or a proposal has been filed in respect

More information

DMA Prime Brokerage Services and Electronic Trading 04.2015

DMA Prime Brokerage Services and Electronic Trading 04.2015 DMA Prime Brokerage Services and Electronic Trading 04.2015 2 ATON CAPITAL ATON Group s division incorporates institutional business departments: Equity DMA & Fixed Income Structured Products DMA Research

More information

Solid year for KAS BANK Strengthening core business. Analyst meeting

Solid year for KAS BANK Strengthening core business. Analyst meeting Solid year for KAS BANK Strengthening core business Analyst meeting Amsterdam, 25 February 2016 1 New Managing Board Introduction Sikko van Katwijk Chairman Managing Board Jaap Witteveen Chief Operating

More information

a leading UK law firm Technology Big decisions about the future

a leading UK law firm Technology Big decisions about the future a leading UK law firm Technology Big decisions about the future 01 Technology Specialists We understand your business because our approach is as focused on the technology as it is the law. A number of

More information

CERTIFICATE COURSE ON FINANCIAL MARKETS AND SECURITIES LAWS. MODULE 1: Introduction to Financial Market & Money Market

CERTIFICATE COURSE ON FINANCIAL MARKETS AND SECURITIES LAWS. MODULE 1: Introduction to Financial Market & Money Market CERTIFICATE COURSE ON FINANCIAL MARKETS AND SECURITIES LAWS MODULE 1: Introduction to Financial Market & Money Market Introduction to Financial Market Financial Market Structure o Money Market o Debt Market

More information

PICTET GROUP CONSOLIDATED FINANCIAL STATEMENTS AT 30/06/2014. Pictet Group. Consolidated financial statements at 30 June 2014

PICTET GROUP CONSOLIDATED FINANCIAL STATEMENTS AT 30/06/2014. Pictet Group. Consolidated financial statements at 30 June 2014 PICTET GROUP CONSOLIDATED FINANCIAL STATEMENTS AT 30/06/2014 Pictet Group Consolidated financial statements at 30 June 2014 Contents Introduction and key figures 2 Consolidated balance sheet at 30 June

More information

Christian Oetiker. General. Education

Christian Oetiker. General. Education Christian Oetiker Dr., LL.M. Attorney at Law Partner Languages: German, English, Italian, French Contact: +41 58 211 33 52, coetiker@vischer.com General Christian Oetiker is one of our proven specialists

More information

Regulatory risk metrics and the independent risk function (IRF)

Regulatory risk metrics and the independent risk function (IRF) Measuring risk and performance in multi asset investment This document is for Professional Clients only and is not for consumer use There are three key risk management functions in our multi asset approach.

More information

Investment Portfolio Management Techniques for Fixed Income, Equity and Alternative Investments

Investment Portfolio Management Techniques for Fixed Income, Equity and Alternative Investments Investment Portfolio Management Techniques for Fixed Income, Equity and Alternative Investments www.mce-ama.com/2400 Senior Managers Days 4 www.mce-ama.com 1 WHY attend this programme? Managing an investment

More information

Delivering flexible service solutions in Ireland. www.capitaassetservices.ie

Delivering flexible service solutions in Ireland. www.capitaassetservices.ie Delivering flexible service solutions in Ireland www.capitaassetservices.ie About us Capita Asset Services Ireland is a leading provider of innovative service solutions for clients across a range of sectors.

More information

TMLS Singapore Bond Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio Marine Life Insurance Singapore Ltd.

TMLS Singapore Bond Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio Marine Life Insurance Singapore Ltd. TMLS SINGAPORE BOND FUND SUMMARY (SUPPLEMENT TO PRODUCT SUMMARY) This supplement forms part of the product summary. You should read this together with the relevant Product Summary. Description of the Fund

More information

Securitisation after the credit crunch Is it right for your business?

Securitisation after the credit crunch Is it right for your business? www.pwc.com/securitisation Securitisation after the credit crunch Is it right for your business? Securitisation undoubtedly received a lot of adverse press during the credit crisis. In this publication

More information

Amendments recommended by the City of London Law Society to clause 48(1) of the Banking Bill 2008

Amendments recommended by the City of London Law Society to clause 48(1) of the Banking Bill 2008 The City of London Law Society 4 College Hill London EC4R 2RB Tel: 020 7329 2173 Fax: 020 7329 2190 www.citysolicitors.org.uk Amendments recommended by the City of London Law Society to clause 48(1) of

More information

Development of the Client-Focused, Capital-Efficient Business Model

Development of the Client-Focused, Capital-Efficient Business Model Development of the Client-Focused, Capital-Efficient Business Model David Mathers, Chief Operating Officer, Investment Bank at the Goldman Sachs European Financials Conference, Madrid, June 10, 2010 Cautionary

More information

Securitisation after the credit crunch Is it right for your business?

Securitisation after the credit crunch Is it right for your business? www.pwc.com/securitisation Securitisation after the credit crunch Is it right for your business? Securitisation undoubtedly received a lot of adverse press during the credit crisis. In this publication

More information

Commercial paper collateralized by a pool of loans, leases, receivables, or structured credit products.

Commercial paper collateralized by a pool of loans, leases, receivables, or structured credit products. Asset-backed commercial paper (ABCP) Asset-backed security (ABS) Asset-backed securities index (ABX) Auction rate security Basel II Call (put) option Carry trade Commercial paper collateralized by a pool

More information

Baker & McKenzie Winmark Partnership Some background on our firm and global tax practice

Baker & McKenzie Winmark Partnership Some background on our firm and global tax practice Baker & McKenzie Winmark Partnership Some background on our firm and global tax practice Our Client Service Principles Be uncompromising on quality Always wear a global hat Be passionately responsive Bring

More information