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Clifford Chance

Clifford Chance
Ángel Muñoz

Ángel Muñoz

Abogado

Abogado
Ángel Muñoz

Ángel Muñoz specialises in derivative transactions, treasury products, structured finance and securitizations. Additionally, he provides advice to clients with respect to regulatory topics in the financial markets.

  • International and domestic banks, insurance companies, asset managers and corporations on OTC derivative transactions, negotiation of Master Agreements and their corresponding collateral arrangements (ISDA & CSA IM-VM / CMOF / EMA) and their corresponding confirmations (IRS, FX, CDS & Commodities), cleared derivatives (ISDA/FIA Client Clearing Addendum), repo and stock loan transactions (GMRA / GMLSA).
  • Domestic banks and corporations on regulatory framework implementation (EMIR, MiFID II, MiFIR, PSD2).
  • Spanish Regulator on the preparation of their standard ISDA Schedule and ISDA Credit Support Annex considering regulatory and commercial perspectives.
  • International and domestic banks on close-out netting regulations for OTC derivatives and cleared derivatives (CCPs, Clearing Members and Clients) in Spain.
  • Preparation of the draft Novación Modificativa del Contrato Marco de Operaciones Financieras para su adaptación al Reglamento EU 2016/1011 in order to comply with the Benchmark Regulation for use with the CMOF Master Agreement (based on the ISDA Benchmark Supplement).
  • Management and implementation of the IBOR Transition for the worldwide Santander Corporate Investment Banking Division: Drafting of templates and playbooks for different products (i.e. bilateral and syndicated loans, deposits, receivables, derivatives, collateral, confirming, repos, etc.), including legal opinions and strategic legal advice.
  • Spanish and international companies in the negotiation of a synthetic Power Purchase Agreement with several Spanish off-takers.
  • Neoelectra in connection with trading CO2 emission rights.
  • Companies on CO2 Carry-on notes.
  • Banco Santander in connection with synthetic securitization of auto loan portfolio using a Spanish securitization vehicle Fondo de Titulización Santander Consumer Spain Synthetic Auto 2018-1.

News and client work

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Contact details

Career and qualifications

  • Law Degree from Universidad de Salamanca 2009
  • Admitted as an Abogado in Madrid 2009
  • Banco Santander S.A. 2010
  • Barclays Bank Plc & Barclays Capital Securities Ltd 2013
  • International law firm 2015
  • Joined Clifford Chance 2018

Professional bodies

  • Member of the Madrid Bar Association