| 1 | A guide to PLC Finance's swaps and derivatives resources A guide to PLC Finance's swaps and derivatives resources. | Practice note: overview | Maintained |
| 2 | A guide to PLC's FATCA resources A guide to PLC's resources on the US Foreign Account Tax Compliance Act (FATCA). | Practice note: overview | Maintained |
| 3 | Credit derivatives: overview (UK) This note provides an overview of credit derivatives. The note also contains a link to a detailed note on credit derivatives in the United States. | Practice note: overview | Maintained |
| 4 | Derivatives: overview (UK) An overview of derivatives, including an explanation of common types of derivatives, the key documentation and parties. The note also contains a link to a detailed note on derivatives in the United States. | Practice note: overview | Maintained |
| 5 | Direct tax disclosure: overview This practice note is an overview of the direct tax disclosure regime. | Practice note: overview | Maintained |
| 6 | Equity derivatives: overview (UK) This note provides an overview of equity derivatives, describing the common types of equity derivative instruments, their uses and the practical considerations relating to each. The note also explains how equity derivatives are traded and hedged. The derivatives examined in this note include equity swaps (such as total return swaps), equity options, forwards, futures and structured products, including equity-linked notes and fund-linked notes. This note also contains a link to a detailed note on equity derivatives in the United States. | Practice note: overview | Maintained |
| 7 | Hot topics: EMIR This practice note provides a high level overview of the key regulatory developments at an EU level relating to EMIR (the Regulation on OTC derivative transactions, central counterparties and trade repositories (Regulation 648/2012)). The key primary source material table in this note contains links to key primary source material and related PLC Financial Services Legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties. For information on the EMIR clearing requirement for OTC derivative contracts, see Practice note, EMIR: reqirement to clear OTC derivative contracts through a CCP. | Practice note: overview | Maintained |
| 8 | ISDA documents: overview (UK) An overview of the various ISDA documents used in derivatives transactions. The note also contains a link to its PLC US Finance counterpart. | Practice note: overview | Maintained |
| 9 | Regulated Activities Order: overview An overview of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (RAO), including its specified activities, specified investments, exclusions, exemptions and overrides. | Practice note: overview | Maintained |
| 10 | Road Map to the Dodd-Frank Wall Street Reform and ... This Note tracks the rules and regulations which implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as well as related regulations and developments, and includes links to summaries of the main areas of reform and other topical PLC resources. | Practice note: overview | Maintained |
| 11 | Structured finance: overview This practice note provides a brief overview of the elements that make up structured finance. The matters addressed in this note are of general international application. However, the sections on tax and capital adequacy relate primarily to England and Wales. This note also contains a link to a multi-jurisdictional guide to structured finance (including country-specific Q&As on a range of issues incorporating, among others, tax and capital adequacy considerations). | Practice note: overview | Maintained |
| 12 | Summary of the Dodd-Frank Act: Swaps and Derivatives This Note provides a comprehensive summary of the provisions of Title VII of the Dodd-Frank Act and related rulemaking in the area of swaps and derivatives covering both security-based swaps and non-security-based swaps. | Practice note: overview | Maintained |
| 13 | The 2003 ISDA Credit Derivatives Definitions This note provides an overview of the 2003 ISDA Credit Derivatives Definitions (the 2003 Definitions). | Practice note: overview | Maintained |
| 14 | The Auction Settlement and Restructuring Supplement to the ... This note examines the background to auction settlement becoming the method of choice for the settlement of credit default swaps. It explains how the auction settlement process has been hard-wired into ISDA's documentation framework governing credit default swaps and describes the mechanics of the auction process. | Practice note: overview | Maintained |
| 15 | Bank levy A practice note discussing the details of the bank levy applying from 1 January 2011. | Practice notes | Maintained |
| 16 | Choosing a governing law in finance transactions This practice note explains what a governing law clause is and the consequences of not having one. It also sets out the matters that should be considered when selecting the governing law for a finance transaction. | Practice notes | Maintained |
| 17 | Cross-border Application of Dodd-Frank Swaps Rules This Note details proposed CFTC interpretive guidance on the extraterritorial application of the swaps provisions of Title VII of the Dodd-Frank Act, as well as the corollary SEC proposal for treatment of non-US security-based swaps (SBS) including their application to non-US affiliates of US persons and to US affiliates of non-US persons. | Practice notes | Maintained |
| 18 | Derivatives: a commercial perspective An examination of how and why trading companies, institutional investors and lenders use derivatives. The note also contains a link to a detailed note on the commercial use of derivatives in the United States. | Practice notes | Maintained |
| 19 | Derivatives: tax A consideration of the tax treatment of derivative transactions for UK companies. | Practice notes | Maintained |
| 20 | Derivatives: their role in loan transactions This note discusses the use of derivatives in loan transactions. | Practice notes | Maintained |
| 21 | EMIR: requirement to clear OTC derivative contracts through a ... EMIR (the Regulation on OTC derivatives, central counterparties and trade repositories) (Regulation 648/2012) requires certain classes of over-the-counter (OTC) derivatives contracts to be cleared through a central counterparty (CCP). The requirement will have a significant impact on a large number of counterparties that engage in derivatives trading, including both regulated and unregulated entities. This note considers the scope and implications of the EMIR clearing requirements. For an overview of EMIR and timing of its implementation see Practice note, Hot topics: EMIR. | Practice notes | Maintained |
| 22 | EMIR: risk mitigation requirements for uncleared OTC ... EMIR (the Regulation on OTC derivative transactions, central counterparties and trade repositories) (Regulation 648/2012) imposes risk mitigation requirements on parties to transactions in over-the-counter (OTC) derivatives that are not cleared by a central counterparty (CCP). The requirements will affect (to varying extent) all types of counterparties to uncleared OTC derivative trades, irrespective of whether they are regulated or unregulated. | Practice notes | Maintained |
| 23 | Finance law: training materials for new joiners Do you have a trainee or newly qualified lawyer joining your finance team? Are you a trainee or newly qualified lawyer wondering what finance transactions are all about? Have you moved in house and find yourself having to get to grips with finance law? If so, have a look at the following materials to get an overview of the law and practice of finance transactions. Remember to arrange for any new recruits to get access to PLC Finance and ensure they are signed up to receive our weekly and/or monthly e-mails. To do this, please e-mail info@practicallaw.com or contact your account manager on 020 7202 1220. If you do not subscribe to PLC Finance, see Request a free trial or call 020 7202 1220 to register your interest in a free trial. | Practice notes | Maintained |
| 24 | Financial Transaction Tax Directive: legislation tracker A practice note charting developments relating to the Financial Transaction Tax Directive in chronological order. | Practice notes | Maintained |
| 25 | Is Your Client a Swap Dealer or Major Swap Participant? ... This Note discusses important final joint CFTC and SEC rulemaking under the Dodd-Frank Act establishing definitions of key Title VII terms "swap dealer," "security-based swap dealer," "major swap participant" (MSP) and "major security-based swap participant" (referred to collectively as "registered entities"). These rules establish thresholds that require certain parties to register as registered entities. Registered entities are subject to enhanced regulatory oversight under the Dodd-Frank Act because they engage in significant levels of derivatives activity. | Practice notes | Maintained |
| 26 | ISDA's English law credit support documents A practical guide to ISDA's English law Credit Support Annex and Credit Support Deed. This note examines the legal framework and mechanics of ISDA's collateralisation documents and provides an overview of the key issues relating to credit support, margin and overcollateralisation. | Practice notes | Maintained |
| 27 | Islamic derivatives An introduction to some of the issues surrounding the development of Islamic derivatives and an outline of some of the key structures including Sharia compliant cross-currency swaps, profit rate swaps, foreign exchange options and total return swaps. The author would like to thank Rahul Chatterji of Allen & Overy LLP for his help in preparing this practice note. | Practice notes | Maintained |
| 28 | Key dates for finance lawyers in 2013 A practice note listing key forthcoming dates for UK finance lawyers. | Practice notes | Maintained |
| 29 | Property derivatives This note provides an overview of property derivatives. | Practice notes | Maintained |
| 30 | Set-off and netting This practice note explains the difference between set-off and netting. It also reviews their use in finance transactions. | Practice notes | Maintained |
| 31 | Short Selling Regulation: sovereign debt and CDS A note on the EU Short Selling Regulation (236/2012) that came into force in the UK on 1 November 2012. The note gives an overview of the restrictions on short selling EU sovereign debt and entering into sovereign credit default swaps, and sets out the applicable exemptions and notification requirements under the Short Selling Regulation. | Practice notes | Maintained |
| 32 | Swap Dealers and MSPs: Final Dodd-Frank External Business ... This Practice Note addresses final Dodd-Frank external business conduct (EBC) rules (also referred to as external business conduct standards or EBCS) for swap dealers (SDs) and major swap participants (MSPs) and highlights safe harbors where swap documentation can be used to facilitate compliance. | Practice notes | Maintained |
| 33 | Tax legislation tracker: archive A document containing items formerly found in PLC Tax legislation trackers but that are now in force. | Practice notes | Maintained |
| 34 | Tax legislation tracker: finance A document tracking the development of certain notable pieces of proposed new legislation relating to finance taxation. | Practice notes | Maintained |
| 35 | Taxation of foreign exchange gains and losses for UK ... A note considering the UK corporation tax treatment of exchange gains and losses. | Practice notes | Maintained |