The Legal Agreements Required for Clearing
Audience: This course suits people in the legal and compliance teams as well as the collateral teams who need to understand the documentation required to allow central clearing.
The course will focus on the legal agreements that will be required to document the various clearing relationships: between two clearing members, between a client and a clearing member (client clearing), and between a client of a client and a clearing member (indirect client clearing).
The legal agreements that will be discussed include the deemed cleared ISDA®; a clause-by-clause walk through of the Cleared Derivatives Execution Agreement; a clause-by-clause look at the ISDA®/FIA Client Cleared OTC Derivatives Addendum and the collateral provisions for clearing.
Also covered will be:
Negotiation tips and the legal and credit risks in each of the legal documents
Default events from CCP, client and clearing member perspective
Outcomes: Delegates will gain detailed insight into the various central clearing documents.
Duration: 8 hours (9am – 5pm)
Cost: R8 500 per person (excluding VAT)