The Derivatives team at McAllister, Davis & Goldstein handles the transactional, regulatory, enforcement and litigation aspects of a wide variety of U.S., cross-border and international derivatives matters. The depth and strength of our practice have allowed us to anticipate and advise on new issues clients face in the financial markets.
Derivatives trade worldwide and require a global, integrated and leading-edge practice group.
Our advice covers derivative structuring and document negotiation, regulatory compliance, tri-party collateral control practices and close-out issues.
Product Knowledge
Our advisory and transactional work covers all the major product types (exchange-traded or centrally cleared, OTC and securities) and all the underlying asset classes (currency, credit, equity, interest rate, commodity, energy, property, weather, fund, inflation). Our understanding of, and work in, the derivatives markets spans both over-the-counter and exchange-traded derivative products around the globe.
Our lawyers have extensive experience with structuring and documenting transactions involving derivatives and related trading and financing techniques, including swaps, futures, options, forwards, collars, repurchase agreements, novations, participation agreements as well as over-the-counter trading documentation such as prime brokerage agreements and master give-up agreements and clearing documentation.
Transaction Expertise
Our clients include financial institutions, market intermediaries and securitization conduits as well as a wide variety of derivative end-users, such as mutual funds, hedge funds, pension funds, other investment vehicles, energy producers, insurance companies and other corporate end-users.
We advise most of the financial institutions active in the market on the full range of product wrappers (including structured notes, certificates, warrants and funds) and underlyings (including equities, credit, commodities, FX, funds, indices and proprietary trading strategies). We advise on flow and highly bespoke structured products and are at the forefront of product development and regulatory and tax issues.
The types of matters on which McAllister, Davis & Goldstein's derivatives team advises include:
- Interest rate, currency and commodity hedging transactions and the negotiation of ISDA Schedules and Credit Support Annexes
- Structuring of derivatives in connection with securitization offerings
- Use of total return swaps as leveraged investment vehicles
- Call spreads in connection with convertible note offerings
- Use of equity derivatives to effect advance share repurchases
- Use of equity derivatives in share accumulation strategies
- Credit default swap-linked credit facilities
- Deal-contingent hedging arrangements in connection with corporate acquisitions
- Repo transactions
- Compliance and best practices under Title VII of the Dodd Frank Act
- Assessment of derivatives exposures in connection with restructurings and disputed matters
Non-Transactional Expertise
McAllister, Davis & Goldstein derivatives lawyers also assist clients with derivatives issues unrelated to specific transactions.
