The ISDA® Agreement for Credit Personnel
Audience: This course is tailor-made for credit personnel.
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What is an ISDA®, what products does it cover, the key benefits that an ISDA® provides for
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Different types of derivatives: OTC, exchange traded and cleared
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The role of derivatives in hedging risk
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Key differences between the 1992 ISDA® and the 2002 ISDA®
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The structure of the ISDA® and the netting benefits (settlement netting, close-out netting and set-off)
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A deep dive into the credit-related clauses in the ISDA® Schedule
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How to set relevant credit provisions in the ISDA® Schedule, using practical examples
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The main Events of Default and how they trigger
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Additional Termination Events: how to address credit risk through Termination Events
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The process to follow after an Event of Default has been triggered
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How the Agency structure works from a credit point of view
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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.
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)
Delegates are required to bring a copy of the 2002 ISDA® Master Agreement.
