For the best experience we recommend upgrading to the latest version of these supported browsers:
I wish to continue viewing on my unsupported browser
For the best experience we recommend upgrading to the latest version of these supported browsers:
I wish to continue viewing on my unsupported browser
When a derivative counterparty declares bankruptcy, it triggers the termination of its derivative contracts. The derivatives counterparties to the bankrupt entity would make claims in bankruptcy courts based on the value of each derivative position as of the termination date. This process is referred to as derivative closeout. Although the International Swaps and Derivatives Association (ISDA) has prescribed standard processes for determining the value of derivatives in closeout situations, the implementation of these processes often yields results that are highly contested and require sophisticated analysis. This is especially true for illiquid or complex derivative contracts.
NERA has assisted clients in numerous derivative closeouts, including those that arise due to failure in meeting collateral calls. We have valued large derivative books that contained thousands of contracts, both vanilla and exotic in nature. Our valuations of complex financial instruments use real options, probability-weighted and dynamic cash flow models, the stock and debt approach to real property appraisal, and event studies to measure lost profits. Our experience with a variety of financial instruments, including structured products, credit default swaps, and other complex derivatives, allows us to quickly assess the impact of market conditions on the value of the derivatives.
Name | Title | Location | Phone | |
---|---|---|---|---|
Dr. Faten Sabry |
Managing Director
Chair of NERA's Global Securities and Finance Practice Bankruptcy Practice Chair |
New York City
London |
+1 212 345 3285
+44 20 7659 8618 |
faten.sabry@nera.com |
Jorge Baez | Director |
Miami
New York City Mexico City |
+1 305 341 5060
+1 212 345 5753 +52 55 9628 7550 |
jorge.baez@nera.com |
Dr. Airat Chanyshev | Associate Director | New York City | +1 212 345 7336 | airat.chanyshev@nera.com |
William P. Hrycay | Associate Director | New York City | +1 212 345 1518 | william.hrycay@nera.com |
Dr. Sharon Brown-Hruska | Affiliated Consultant | Washington, DC | +1 202 466 3510 | sharon.hruska.affiliate@nera.com |
Title | Date | |||
---|---|---|---|---|
New York City Bankruptcy Conference | 10 June 2022 | |||
Statistics in Securities Litigation | 10 March 2022 | |||
NERA Insights Webinar | Meme Stocks and the Gamification of Retail Investing | 20 May 2021 | |||
Two Sides of the Coin: Future Cryptocurrency Regulatory and Litigation Risks | 17 March 2021 | |||
A Look Back at 2020 and What’s Ahead in 2021: Trends & Developments in Securities Lit... | 18 February 2021 | |||
New York City Bankruptcy Conference | 22 May 2019 | |||
Asbestos Litigation Risks: How Recent Changes in Asbestos Landscape May Affect Your R... | 14 March 2019 | |||
13th Annual Conference on Empirical Legal Studies | 09 November 2018 | |||
Puerto Rico Restructuring Crisis As Compared to Detroit: Roundtable | 29 November 2017 | |||
ABI New York City Bankruptcy Conference | 18 May 2017 | |||
Title | Date | Type | ||
---|---|---|---|---|
NERA Experts Promoted to Director | 14 February 2023 | Press Release | ||
NERA Economic Consulting Announces Senior-Level Promotions | 28 July 2022 | Press Release | ||
NERA Experts Promoted to Managing Director and Director | 15 February 2022 | Press Release | ||
Tsvetan Beloreshki Rejoins NERA’s Securities and Finance Practice | 28 September 2021 | Press Release | ||
Trends in 2019 Securities Class Actions: Filings Remain High, Resolutions Have Slowed... | 21 January 2020 | Press Release | ||
NERA Economic Consulting Opens Office in Milan, Italy | 19 November 2019 | Press Release | ||
2018 US Securities Class Action Filings Break New Records; NERA Economic Consulting R... | 29 January 2019 | Press Release | ||
Record Increase in 2017 US Securities Class Action Filings Driven by Merger-Objection... | 29 January 2018 | Press Release | ||
NERA Economic Consulting Opens Office in Miami, Florida | 14 November 2017 | Press Release | ||
NERA Economic Consulting Recognized in Who’s Who Legal: Consulting Experts Guide | 06 October 2016 | Press Release | ||
|