Ivan Loncar's practice focuses on fixed income and credit derivatives and structured financial products. He represents dealers, banks, and other financial institutions in connection with interest rate swaps, currency swaps, credit derivatives, commodity swaps, swap intermediations, structured notes (including credit-linked notes), synthetic CDOs and other unfunded and funded derivative products. He also has extensive experience with other structured financial products that combine securitization techniques and derivative products.
Chambers USA - America's Leading Lawyers for Business recently ranked Ivan as "Up and Coming" in the Derivatives arena noting that he is "highly rated" by sources and that clients praised him as "tremendous" and "incredibly thoughtful and knowledgeable." US Legal 500 has also commended Ivan as "simply outstanding" in the municipal derivatives field and as "expert in fixed income and credit derivatives and structured financial products." IFLR 1000 has recognized Ivan as a "leading lawyer" in derivatives and structured finance.
Ivan received his LL.B. from the University of Belgrade, Faculty of Law and his LL.M. from Columbia Law School. He is admitted to practice in the State of New York.
· Representing a major bank as an intermediary with respect to a significant portion of an insurance company's portfolio of derivative transactions with CDOs in order to provide such insurance company with liquidity relief by replacing such insurance company in such transactions, whose ratings would have required it to Overcollateralize such transactions.
· Representing a major dealer in connection with (a) the structuring, negotiation and documentation of a series of complex derivative transactions aggregating over $107 billion in notional amount used to hedge interest rate, prepayment and credit risk associated with the automobile-lending unit financing undertaken as part of the acquisition of an 80% stake in the Chrysler Group by an affiliate of private equity firm Cerberus Capital Management LP, and (b) the subsequent restructuring of those transactions as a result of the recent bankruptcy of Chrysler LLC.
· Advising ISDA in connection with the development of template documentation for credit default swaps on U.S. states, municipalities and other local governments, including the 2012 U.S. Municipal Reference Entity Supplement to the 2003 ISDA Credit Derivatives Definitions and the related ISDA protocol.
· Representing the sponsor and dealer group that developed MCDX, the index for Credit Default Swaps on U.S. state and local governments, including the trading documentation for tranche MCDX.
· Representing Goldman Sachs in connection with the structuring and negotiation of (a) a basis swap agreement related to the issuance of approximately $1 billion of tax-exempt and taxable bonds to finance the construction of the new Yankee Stadium, and (b) a $198 million portion of such bonds that bear interest at a floating rate that is determined based on the Consumer Price Index and a floating-to-fixed interest rate swap agreement relating to such bonds.