Session
1: 8:30 a.m. to 9:30 a.m.
An Introduction to OTC Derivatives
and ISDA Documentation
An overview of the mechanics of an interest rate swap and
the OTC market. Using this example, the session will provide
an overview of payment netting, termination (including termination
events and events of default) and close-out netting under
the 1992 ISDA Master Agreement.
Session 2: 10:15 a.m. to 11:15 a.m.
Introduction to the 1992 ISDA Master Agreement
An overview of the key business, credit and legal provisions
typically negotiated in the Schedule to the 1992 ISDA Master
Agreement. The discussion will cover the architecture of the
agreement, the terms contained in the Schedule, focusing in
particular on the provisions found in your standard form.
A summary of the salient differences between the 2002 ISDA
Master Agreement and the 1992 ISDA Agreement will also behighlighted.
Session 3: 11:30
a.m. to 12:30
Loan Documentation and ISDA Master
Agreement
An overview of the issues involved with loan documentation
and OTC derivatives (interest rate protection, commodities,
etc.). Discussion will cover key provisions that should be
included in loan documentation, antitrust tying concerns,
incorporation and survivability of loan covenants in the derivative
documentation, terminating derivative documentations, etc.
Lunch 12:30 – 1:30pm
Session 4: 1:30 p.m.
to 3:00 p.m.
ISDA Credit Support Annex
An overview of the New York and UK forms of ISDA Credit Support
Annexes. The discussion will focus on business, credit and
legal issues involved in pledging thresholds, eligible collateral,
rehypothecation, and other key provisions. Intended for personnel
who would like an introduction to these documents and their
importance in managing credit exposure with clients.
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Session 5: 3:15 p.m. to 5:00 p.m.
U.S. Bankruptcy and Banking Insolvency Rules relating to Derivatives
A discussion of how OTC derivatives are treated in bankruptcy
under the US bankruptcy Code and under FDIA and FDICIA with
respect to financial institutions.
OTHER EXAMPLES
TAx provisions of the ISDA Master Agreement
Description: An overview of the tax-related provisions of
the ISDA Master Agreement, including a discussion of the necessary
Tax Representations and Tax Forms. Intended for legal and
documentation staff who are interested in furthering their
knowledge of Tax.
INtroduction to Repo
Documentation
Description: An overview of master documentation for Repurchase
Transactions, including the Master Repurchase Agreement and
the Global Master Repurchase Agreement. Intended for professionals
involved indocumenting repurchase transactions.
Issues Involving Hedge
Funds
Issues Involving Emerging Markets Countparties
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