Set-off and netting: Principles of set-off and netting -- Insolvency set-off and netting -- Set-off between solvent parties --- Set-off netting mutuality -- Set-off against interveners -- Conflict of laws for set-off and netting -- Special netting statutes -- World summary of set-off and netting -- Outlines of set-off and netting agreements -- Derivatives: Derivatives transactions -- Derivatives markets -- Documentation of derivatives and the ISDA form master agreements generally -- Legal aspects of derivatives -- Payment and securities clearing systems: Structure and operation of payment systems -- Insolvency risks and time of payment -- Bank liabilities in payment systems -- Payment systems and conflict of laws -- Settlement systems for securities -- EU directives on clearings

1. Derivative securities -- law and legislation
2. Conflict of laws -- Bankruptcy
3. Payment
4. Clearing of securities -- Law and legislation
5. Compensation