Part D The Bank as Service Provider, 23 Swaps and Derivatives
From: The Law and Practice of International Banking (2nd Edition)
Charles Proctor
- Subject(s):
- Regulation of banks — Spread swap (CSS) — Swapoption — Total return swap (TRS)
This chapter provides a brief overview of swaps and derivatives. It discusses interest rate swaps; currency swaps; default and termination; the netting of multiple contracts on default and collateral issues; certain defences available to a swap counterparty on the basis of its contractual capacity; and recent issues arising from the alleged mis-selling of swap products.
