Wilson Sonsini partner Jess Cheng recently co-authored with Thomas C. Baxter, Jr. (former General Counsel and Executive Vice President of the Federal Reserve Bank of New York), Stephanie A. Heller (Executive Vice President and General Counsel of The Clearing House), Greg Cavanagh (Senior Vice President, Assistant General Counsel, and Corporate Secretary at The Clearing House), and Laura J. Forman (Assistant General Counsel of the Federal Reserve Bank of New York) the fourth, updated edition of the leading payments law primer, The ABCs of the UCC Article 4A: Funds Transfers.
This book comprehensively explains the terminology, structure, and workings of Article 4A, which governs funds transfers over wholesale payment systems and certain instant payments. This updated edition also covers significant developments in case law and important amendments to the Uniform Commercial Code promulgated in 2022 to address emerging technologies. Practitioners can use the book to become rapidly conversant with the scope and concepts of Article 4A, such as settlement finality, security procedures, and funds transfer system rules.
The ABCs of the UCC is a project of the Uniform Commercial Code Committee of the American Bar Association’s Section of Business Law, for which Jess currently serves as a Vice Chair. For decades, the series has served as the comprehensive legal primer for the basic concepts and operations of the Uniform Commercial Code articles.
For more information, please visit the book website.