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The third edition of this acclaimed work - the pre-eminent practitioner and scholarly work in the field - provides comprehensive coverage of the law applicable to derivatives by drawing together legal principles from the many relevant branches of law. This edition aims to give the practitioner an analysis of all relevant legal issues in the creation and operation of derivatives contracts, whilst also anticipating legal issues and thus giving it greater appeal to practitioners in this area. It includes substantial new material as a result of House of Lords and other cases touching on derivatives, and also includes new substantive and regulatory material on the USA. The structure of the book has been re-designed to reflect the user's concerns with derivatives contracts (formation, standard documentation, types), conduct of derivatives transactions, termination of derivatives transactions, and regulations of derivatives. Provides the only comprehensive coverage of the legal issues and documentation for financial derivatives on the market Anticipates the legal issues facing practitioners, and offers possible solutions Considers the regulation of derivatives in the UK, EU and USA Builds upon and extends the analysis of the previous two editions