Marcin Perzanowski
Marcin Perzanowski is a Partner in the Structured Finance & Derivatives practice at the London office of Simmons & Simmons. He specialises in derivatives and structured product transactions across all asset classes, and regularly advises clients on securities finance and collateral management arrangements.
Marcin's expertise encompasses a diverse range of products, including:
- Financing transactions structured as total return swaps, repurchase agreements, or margin loans, particularly in Emerging Market jurisdictions
- Repo and securities lending arrangements, including those conducted on an agency basis
- Collateral management structures, such as tri-party arrangements and regulatory margining
- Corporate and strategic equity derivatives, including index and equity-linked products
- Credit derivatives, including "fourth trigger" CDS trades, intermediation structures, and deliverability opinions
- Islamic derivatives and repo arrangements
- Commodities and commodity derivatives, encompassing various types of commodity financing arrangements
- Digital asset arrangements
Marcin possesses significant expertise in advising on the regulatory aspects of derivatives and trading arrangements, with a particular focus on the European Market Infrastructure Regulation and its implementing measures, as well as related documentation.
He is a consulting co-editor of the "Practical Derivatives" textbook, a leading resource for derivatives practitioners. Marcin's publications also include three chapters in the "Equity Derivatives" textbook and two chapters on credit derivatives in "Sovereign Debt and Debt Restructuring". Additionally, he has co-edited the "Commodity Derivatives" textbook.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2008
Experience
- Mayer Brown (2006 - 2019)
Membership
- Polish City Club
Qualifications
- LLM (German Law) (2006)
- LLB (2005)
Education
- University of Trier, Germany (2006)
- University of Reading (2005)
1 Contributions by Marcin Perzanowski
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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