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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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Understanding Initial Margin and the Legal Documents

Audience: This course benefits legal personnel involved in negotiating the terms of the IM CSD (Initial Margin Credit Support Document), and collateral management personnel who need to understand the agreement so that they can implement the operational aspects of the IM CSD.

  • What are the Initial Margin requirements under EMIR, Dodd Frank and the FMA?

  • IM implementation phases

  • Collateral flows between two IM counterparties

  • AANA Thresholds and how they are calculated

  • The documentation procedure for compliance to IM rules

  • The collateral documentation suite

  • Overview of the Custody Agreement

  • Overview of the Account Control Agreement

  • When does the Secured Party have access to the collateral?

  • When does the Pledgor have access to the collateral?

  • An overview of the 2018 IM CSD

  • Margin approach

  • Regime tables and how to complete them

  • The use of the 2018 IM CSD in South Africa

Outcomes: Delegates will gain an in-depth understanding of the workings of the new IM CSD as well as other documents which form part of the IM documentation suite. Delegates will gain insight into the IM requirements from a legal and operational perspective.

Duration: 8 hours (9am – 5pm)

Cost: R8 500 per person (excluding VAT)