Daniel Franks is a derivatives and structured finance lawyer based in London. Daniel 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 practice 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. Daniel 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. Daniel 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 Legal 500, being noted for being “a recognised name in the market”, “very good and thorough” and “a safe pair of hands” and having “very broad product knowledge”.
Daniel is a contributing author to An Introduction to Repo Markets (3rd edition) by Moorad Choudhry and a regular author of articles and practice notes on derivatives, repos and securities lending transactions in Butterworths Journal of International Banking and Financial Law and Lexis®PSL. Daniel is also a regular speaker on these and other topics. He 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, Daniel worked in the London office of another large international law firm. Daniel studied law at Christ’s College, Cambridge.