Howard Waterman

Howard advises numerous banks and structured vehicles on complex structured derivatives transactions and other swap transactions for banks and financial institutions.

• Advising on bilateral structured transactions between banks involving the use of derivatives to achieve risk, capital and/or arbitrage benefits.
• Advising on credit default swaps and credit-linked instruments whereby banks can restructure their risk profiles and exposures.
• Advising on total return swaps and repurchase agreements between financial institutions.

Howard has advised lenders and borrowers on several hundreds of loan and project finance transactions for large‑scale international projects over a period of over 45 years.

• Advised a wide range of UK and European banks, other financial institutions, and borrowers on syndicated and bilateral loans.
• Advised on the provision of financial support for large infrastructure projects and the supply of capital goods and services in the world’s developed and developing countries including in the Americas, Europe, Africa, and Asia.
• Advised on significant transactions involving the support of export credit agencies in many European jurisdictions, including UKEF, SACE, COFACE, Hermes, CESCE, and others and multinational development agencies.

Howard advises banks, specialist institutions, and corporate end-users on domestic and cross‑border trade finance transactions.

• Advising European banks and institutions on the purchase and sale of negotiable instruments.
• Advising clients on letters of credit and other documentary credits facilitating all manner of commercial transactions.
• Supporting issuing banks, beneficiaries, and sponsors in relation to the issue of performance and other bonds and associated trade documentation.

Recognised by Best Lawyers UK for Derivatives 2014–2025