The ISDA® Agreement for Credit Personnel

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Audience: This course is tailor-made for credit personnel.

• What is an ISDA®, what products does it cover, the key benefits that an ISDA® provides for

• Different types of derivatives: OTC, exchange traded and cleared

• The role of derivatives in hedging risk

• Key differences between the 1992 ISDA® and the 2002 ISDA®

• The structure of the ISDA® and the netting benefits (settlement netting, close-out netting and set-off)

• A deep dive into the credit-related clauses in the ISDA® Schedule 

• How to set relevant credit provisions in the ISDA® Schedule, using practical examples

• The main Events of Default and how they trigger

• Additional Termination Events: how to address credit risk through Termination Events

• The process to follow after an Event of Default has been triggered

• How the Agency structure works from a credit point of view

• Includes a practical workshop which gives delegates the opportunity to work through an example of an ISDA® Schedule and the types of credit clauses that should be considered.

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Outcomes: Delegates will gain a solid, in-depth knowledge of the credit terms in an ISDA® Agreement. They will have a firm understanding of how to assess and set credit-related clauses in the ISDA®.

 

Duration: 6 hours

 

Cost: R7 000 per person (excluding VAT)