title: Certain legal aspects of derivatives.
abstract: This article discusses legal characteristics of derivatives that a not-for-profit health care company may use in a conduit financing in which a governmental issuer issues bonds for the benefit of a health care company. This article also presents the Master Agreement promulgated by the International Swaps and Derivatives Association; discusses how to get out of a derivative; discusses the status of a derivative after insolvency of a counterparty; presents disclosure issues relating to documents prepared in connection with an issue of bonds; and describes the treatment of derivatives under commodities regulations. It concludes with a presentation of possible new regulations applying to derivatives.
authors.affiliation: Gardner, Carton & Douglas, Chicago, IL, USA.
authors.forename: T J
authors.initials: TJ
authors.lastname: Cloney
mesh_terms: D016361:Bankruptcy / Q000331:legislation & jurisprudence; D002202:Capital Financing / Q000331:legislation & jurisprudence*; D006077:Government Agencies / Q000191:economics / Q000331:legislation & jurisprudence; D006788:Hospitals, Voluntary / Q000191:economics* / Q000331:legislation & jurisprudence; D007449:Investments / Q000331:legislation & jurisprudence*; D009939:Organizations, Nonprofit / Q000191:economics / Q000331:legislation & jurisprudence; D011057:Politics; D014342:Truth Disclosure; D014481:United States