Tacjanna Dziuban
Tacjanna is an Associate in the Structured Finance and Derivatives practice in London. She principally advises global banks and corporates on a range of structured products and OTC derivatives including SPV repackaging, interest rate, FX, equity derivatives and commodity-linked transactions.
She has also experience advising on regulatory projects such as LIBOR transition.
Prior to joining the firm, Tacjanna worked for an international investment bank in London. She is admitted to practice law in the state of New York and in England and Wales.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2018 (New York), 2021 (England and Wales)
Qualifications
- LL.M. (2015)
- Master's Degree in Law (2014)
Education
- Chicago-Kent College of Law (2015)
- University of Wroclaw (2024)
1 Contributions by Tacjanna Dziuban
PRACTICE NOTES
ISDA EMIR Protocols (EU and UK): NFC Classification, Portfolio Reconciliation, Dispute Resolution, Disclosure and Reporting, and Adherence or Bilateral Implementation Guidance
Regulation (EU) 648/2012 of the European Parliament and Council, on OTC derivatives, central counterparties and trade repositories (EU EMIR), was passed on 4 July 2012 and came into effect on 16 August 2012. In the UK, the assimilated version of Regulation (EU) 648/2012 (UK EMIR) is in force. Meeting the demands of EU EMIR and/or UK EMIR may oblige parties to revise procedures and documentation. To support this, the International Swaps and Derivatives Association (ISDA) has, to date, issued four protocols addressing specific requirements. This Practice Note summarises those protocols, the matters they cover and the benefits of adherence.
What are ISDA protocols?
ISDA protocols offer a tool for multilateral amendments to contracts. If both parties adhere to the same ISDA protocol, their agreements are amended automatically in line with the protocol’s terms. This frequently removes the need for expensive negotiations with counterparties, though certain operational points may still require bilateral consent. The existing protocols do not capture every EMIR duty. For instance, ISDA has produced standard language on timely confirmations, which must be bilaterally agreed with each counterparty.
ISDA 2013 EMIR NFC Representation Protocol
Which issues does the NFC Protocol address?
Some operational issues may need bilateral agreement...
Banking & Finance
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