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EXPERIENCE

• OTC Derivatives Trading Documentation Infrastructure – Advise large and medium-sized hedge funds, private equity funds and hybrid investment vehicles in the structuring, negotiation and implementation of the comprehensive suite of derivatives trading documentation, including ISDA Master Agreements, collateral agreements, Futures Account Agreements and derivatives clearing documentation, repurchase agreements, prime brokerage agreements, master confirmation agreements, securities lending agreements, give-up arrangements and related documentation, and provide specific trade-related analysis and advice.
• Variable Prepaid Forward Transactions – Negotiate and advise stockholders who have concentrated positions in relation to transactions designed to diversify their holdings, protect against declines in stock price and comply with selling restrictions, while deferring taxable gains until settlement of the transaction.
• Total Return Swaps and Repurchase Agreements on Repackaged Notes – Advise investment funds in the structuring and negotiation of repackaged total return swap or repo-based financing facilities whereby the lender is secured by existing loan and bond portfolios of the investment fund, including advice related to structures involving the formation of bankruptcy-remote special purpose vehicle(s) to borrow and maintain synthetic exposure to the reference portfolio and continue to control voting rights over the loans and bonds.
• Margin Loan – Advise U.S. fund in the negotiation of a margin loan to finance a concentrated stock position of the fund.
• Interest Rate, Commodity Price and FX Hedging Platforms – Advise borrowers in connection with requisite and discretionary interest rate, commodity and FX hedging transactions under syndicated secured loan facilities and project financings and negotiation of related trading platform documentation.
• Convertible Note Hedges – Advise U.S. issuer in structuring and negotiating a capped call transaction in connection with its convertible note issuance.
• Structured Repo – Advise a major U.S. financial institution in the negotiation of committed repo facilities with clearinghouse counterparties to provide necessary liquidity in the event of clearing member default
• Derivatives and Bankruptcy – Advise major U.S. financial institution regarding treatment of open swap positions in connection with the American Tire Distributors, Inc. Chapter 11 bankruptcy.
• Swaps Margining Compliance – Advise multiple U.S. financial institutions in the implementation of the variation margin and initial margin regulations in respect of uncleared swaps, one of the Dodd-Frank reforms aimed at improving transparency and greater regulation of the OTC derivatives market.
• Other Swaps Regulations Compliance – Advise major U.S. and non-U.S. financial institutions and corporate clients in the analysis, implementation and compliance with Dodd-Frank, EMIR and other derivatives regulations, including the cross-border application of CFTC swap regulations, clearing and reporting obligations, swap dealer/major swap participant registration and uncleared swaps requirements.
• FINRA Margining – Advise a major U.S. financial institution in the implementation of FINRA margining on Covered Agency Transactions