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Daniel Franks is a derivatives and structured finance lawyer based in London. He has extensive experience of a broad range of capital markets transactions, with a particular focus on OTC derivatives, repos, securities lending, structured products and structured finance transactions, and advising on collateral, set-off, netting and derivatives enforceability.
Daniel’s practise includes advising investment banks, retail banks, end users and service providers in relation to derivatives, repos and stock lending, derivative-linked debt securities, repackagings, CDOs, structured products and complex liquidity, regulatory capital, risk-transfer and funding transactions. He also advises on the clearing of OTC derivatives, complex title transfer and security interest collateral arrangements, default management and the impact of regulatory change on derivatives businesses. He has a particular interest in advising on set-off, netting and the enforceability and characterisation of derivatives, repos, stock lending and collateral arrangements against a wide range of counterparty types, including private individuals, partnerships, trustees, charities and statutory and charter corporations.
Daniel is a ranked individual for structured finance & derivatives in Chambers UK and has been recommended for derivatives and structured products in both Chambers UK and The Legal 500, and is noted for being a "a recognized name in the market". The Legal 500 UK 2021 recognizes him as a "Leading individual" for his "excellent technical expertise" and his position as a "top practioner with the ability to see issues that others would not", and also his "ability to explain very technical points in langauge that non-lawyers can understand." The Legal 500 has also commented on his "rare appreciation and understanding of how his advice will be used by internal in-house functions", and his ability to "find a good balance and weighting of partner/associate time spent on matters".
Daniel is a contributing author to An Introduction to Repo Markets (3rd edition) by Moorad Choudhry and a regular author of articles and practise notes on derivatives, repos and securities lending transactions in Butterworths Journal of International Banking and Financial Law and Lexis®PSL. He is also a regular speaker on these and other topics. Daniel has been involved in the drafting of industry standard documentation relating to collateral and is an active member of the International Swaps and Derivatives Association’s legal, collateral and documentation committees. Prior to joining Norton Rose Fulbright LLP, he worked in the London office of another large international law firm. Daniel studied law at Christ’s College, Cambridge.
September 26, 2019
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Publication | November 13, 2020
Publication | August 28, 2020
Webinar | June 09, 2020
Update | March 06, 2020