THE ISDA® AGREEMENT

Course Details

Audience: This course is well suited to in-house legal advisers; business, credit and collateral personnel. Agenda: What an *ISDA® is, what products it covers, 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 clause-by-clause analysis of the ISDA® Schedule and the credit and legal terms, elective provisions and the defined terms How to effectively negotiate the ISDA® Schedule, pointing out the effect of certain negotiated provisions 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 The Agency provisions and the regulatory provisions (FATCA, EMIR) Includes a practical workshop which gives delegates an opportunity to work through an example of an ISDA® Schedule and the types of clauses that are negotiated ​ Outcomes: Delegates will gain a very solid, in-depth knowledge of the legal and credit terms in an ISDA® Agreement. They will have a firm understanding of the types of negotiated clauses that are seen in an ISDA® Schedule, and will also be aware of the types of additional clauses that one can include in an ISDA® Schedule to address various credit concerns. *Please note: ISDA® is a registered trade mark of the International Swaps and Derivatives Association, Inc. This programme is neither sponsored by nor affiliated with the International Swaps and Derivatives Association, Inc.