Ed's practice is focused on swaps, derivatives, general corporate matters, and advising clients on various types of debt and equity capital market activities (e.g., security private placements, loans and revolving credit facilities). He represents both borrowers/debtors and lenders/creditors, and brings his experience in derivatives, bankruptcy and structured products, to enhance financing through structuring debt, equity and hedging activities, or present alternative financing arrangements that can lower costs and risks to both parties (e.g., warehouse financings, consignments, sale-leaseback transactions, project financings and repos/ securities lending arrangements). He also helps clients navigate transactional and regulatory matters for registered and non-registered entities to minimize costs and regulatory burdens, with a particular focus on the Commodity Exchange Act, Investment Company Act and Securities Act.
He has advised a number of clients on developing hedging strategies for their commercial risks by using derivative and exchange traded transactions such as FX swaps, interest rate swaps, forwards, futures and physical commodity transactions. He has also helped regional and community banks develop and implement their internal swap programs for borrowers, as well as advising larger registered swap dealers on their day-to-day swap negotiations and regulatory needs.
Ed advises a wide spectrum of clients, including swap dealers, brokers, futures commission merchants, sovereign entities, pensions, hedge funds, commodity pools, financial institutions, trade groups and corporate end-users on internal documentation, board resolutions, policies, legal opinions, affiliate and third-party agreements, financings and capital market transactions.
More recently, Ed advised parties regarding: identifying and hedging ESG risks through swaps and sustainability linked loans; the CFTC’s and Prudential Regulator’s margin/collateral requirements for OTC swaps; the implications on loan documents, hedges and other finance transactions during the transition from LIBOR to alternative reference rates (e.g., SOFR and Ameribor); the QFC and ISDA Stay Protocol from the perspective of corporates and other end users; and recent federal and state regulatory developments impacting Swap Execution Facilities, cryptocurrencies, stablecoins, blockchain and other developments impacting the growing FinTech space.
Transactional & Advisory Experience
- Partnered with clients to plan and develop finance strategies to maximize returns, mitigate market risks and obtain desired legal opinions.
- Achieved cost savings for clients by drafting negotiation manuals for various types of agreements commonly used in financial markets for lending and/or credit enhancements, and provided related training.
- Achieved cost savings for clients by minimizing liquidity demands of balance sheet and minimizing risks of material cash flows demands and/or uncertainties.
- Obtained legal and financial savings for clients by successfully obtaining federal regulatory relief and guidance for clients related to financing activities.
- Worked with clients on the creditor side to develop warehouse financing facilities, including consignments, sale-leaseback and repo agreements, and analyze documents of title and the perfection of security interests under Articles 7 and 9 of the UCC.
- Assisted clients in day-to-day corporate matters, including policies, board resolutions, appointments, preparing and amending organizational documents and negotiating common contracts (loans, credit facilities, licenses, leases and supplier contracts).
- Advised large New York real estate development company in obtaining financing and hedging against interest rate risks for multiple projects.
- Advised US and non-US Swap Dealers and other large financial institutions with respect to US regulatory compliance issues associated with interest rate, FX transactions and other derivatives, including: the Volcker Rule and Title VII of the Dodd-Frank Act. Reviewed and assisted in preparing internal compliance policies and procedures related to such issues.
- Advised numerous financial institutions, investment vehicles and corporations around the world (e.g., power companies, real estate development companies, manufacturers and multi-national corporations) and negotiated derivative documentation and related collateral and pledge documentation for various transaction types, including: FX, interest rate, cross-currency, physical commodities and gas transactions.
- Advised advisors and trustees of hedge funds, pensions and other collective investment vehicles with respect to corporate and financial arrangements and compliance matters.
- Advised various US and non-US broker-dealers with respect to US regulatory compliance issues and registration exemptions under the SEC and CFTC regulations.
- Drafted negotiation manuals for various forms of interest rate, FX and other derivative trading documentation, including: CSAs, CSDs, ISDA Schedules, Futures Account Agreements and FIA-ISDA Cleared Derivatives Execution Agreements.
- Reviewed and assisted in preparing internal compliance policies and procedures related to compliance with US laws and regulations applicable to derivatives.
- Advised other attorneys globally on US derivative regulations, along with comparisons against non-US derivative regulations such as EMIR, MiFID and MiFID II.
- IFLR1000, “Rising Star”, Capital Markets, 2016, 2017 and 2019-2021, and Derivatives, 2014-2021, and structured finance and securitisation, 2021
- Ed Ivey quoted in IFLR article: USD Libor survey, part IV:ARRC and Fed’s Libor transition management deemed ‘disruptive’ by market12.2021
- Ed Ivey quoted in Practice Insights from IFLR article: Credit-sensitive rates beneficial for US market, sources say11.2021
- Ed Ivey quoted in Climate Risk Review article: Pleas of "force majeure" offer no protection from climate financial risksClimate Risk Review, 04.2021
- The International Financial Law Review, 12.2021
Blogs and Resources
- MVA White Collar Defense, Investigations, and Regulatory Advice Blog, 02.10.2022
- MVA White Collar Defense, Investigations, and Regulatory Advice Blog, 02.08.2022
- MVA White Collar Defense, Investigations, and Regulatory Advice Blog, 12.10.2021
- MVA White Collar Defense, Investigations, and Regulatory Advice Blog, 07.29.2021
- MVA White Collar Defense, Investigations, and Regulatory Advice Blog, 07.23.2021
- MVA White Collar Defense, Investigations, and Regulatory Advice Blog, 07.21.2021
- MVA White Collar Defense, Investigations, and Regulatory Advice Blog, 06.17.2021
- MVA White Collar Defense, Investigations, and Regulatory Advice Blog, 06.10.2021
“The Future Dominant Reference Rate of the Loan Market: Will There Be One Rate to Rule Them All?”, Thomson Reuter’s Futures & Derivatives Law Report., (September 2021)
“Human Rights-Focused Lending Models Can Curb Trafficking”, Law360 (August 2021)
- “Ethical Concerns: When the Client Does Not Intend to Register”, ABA Business Law Section – Derivatives and Futures Law Committee (January 2021)
- “Election Season Special: 2021 Candidates for LIBOR Replacement”, Futures & Derivatives Law Report (November 2020)
- “Bilateral Loans and Hedging the LIBOR to SOFR Transition”, Futures & Derivatives Law Report (October 2019)
- “The U.S. Margin Requirements: The Impact on Special Purpose Vehicles (SPVs) used in Securitizations, Repackagings and Other Structured Products”, Futures & Derivatives Law Report (April 2017)
- “Global Margin Requirements for Non-Cleared Derivatives: Important Differences in the Margins”, Futures & Derivatives Law Report (June 2016)
- “A New Course for Cross-Border Swaps Reform”, IFLR Magazine (November 2014)
- “To Be, Or Not To Be, An FCM’s Depository For Customer Funds?”, Futures & Derivatives Law Report (April 2014)
- “When Is A Swap Not A Swap? Navigating The Different Definitions Of “Swap Agreement” Under The Bankruptcy Code And The Commodity Exchange Act”, Futures & Derivatives Law Report (September 2013)
He has also been a speaker at various conferences, including the ABA Annual Futures and Derivatives Law Committee Conference, FIA Law and Compliance Conference, Managed Funds Association New York Conference, and the American Conference Institute's National Advanced Summit on Swaps and Derivatives Global Market Regulation. He has also been interviewed and quoted in various publications, including Risk.net, OTC Space, Derivsource.com and Lexis Nexus Banking & Finance.
- J.D., University of North Carolina at Chapel Hill, 2009
- B.S., University of North Carolina at Chapel Hill, 2006, with honors
- North Carolina, 2020
- New York, 2010