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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.

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*The ISDA® Agreement (*6 CPD points)

Audience: This course is well suited to in-house legal advisers; business, credit and collateral personnel.

 

  • 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.

 

Duration: 8 hours (9am – 5pm)

 

Cost: R8 500 per person (excluding VAT)

CAPE TOWN