With over 15 years of experience, Jed focuses his practice on novel and innovative structured financing solutions, with an emphasis on transactions that combine securitizations and derivatives. He regularly represents buy-side and sell-side institutions in connection with:
- Cash securitizations of a wide range of asset classes, including corporate loans, receivables, municipal securities (tender option bonds), commercial and residential mortgages, intellectual property, automobile loans, and distressed and non-performing assets.
- Synthetic securitizations, credit-linked notes, credit default swaps (including tranched portfolio CDS), derivative product companies (DPCs) and other credit-risk transfer (CRT) products.
- Repackaging and securitization transactions that utilize repurchase transactions or derivatives, such as currency swaps or total returns swaps (TRS), to transform the economic profile of, or achieve leveraged exposure to, repackaged or securitized assets.
- The financing of risk retention interests in securitization transactions.
- Other, more esoteric structured financings, such as “de-wrapping” transactions designed to synthetically terminate monoline insurance policies on legacy securitization exposures.
- The restructuring of distressed securitization products.
Jed is frequently called upon by clients to advise on securities law, UCC, bankruptcy, tax and other legal and regulatory issues. He is an expert on U.S. bank regulatory capital rules (Regulation Q)—in particular, as they relate to capital relief strategies that involve synthetic securitizations, credit default swaps and other financial products—as well as Dodd Frank’s risk retention rules for securitization transactions.
In addition, financial institutions routinely seek Jed’s counsel on contemporary issues facing the structured finance industry. For example, at the outset of the COVID-19 pandemic, he guided major securities dealers through the intricacies of the Federal Reserve’s TALF program. He also advises banking institutions on issues relating to the global LIBOR transition.
Jed authors publications on a variety of topics related to the financial markets and makes frequent speaking appearances at structured finance industry events. In 2020, Jed was a member of the team that was named “Regulatory Team of the Year” by IFLR Americas, and in 2021, he was named a “Rising Star” by Law360 in the area of Structured Finance.
Jed earned his J.D., cum laude, from Case Western Reserve University, and his B.A., magna cum laude, from Oklahoma State University. He is admitted to practice in the State of New York.