OTC Derivatives: Forming Bilateral Trading Relationships and Pending Requirements for Central Clearing and Registration under Dodd-Frank - Virtual Recording

Increasingly, institutions that transact over-the-counter (OTC) derivatives rely on the International Swaps and Derivatives Association, Inc.’s (ISDA) Master Agreement. However, many financial professionals find themselves disadvantaged when negotiating with dealer counterparties due to the complexity of the agreement. Join Seth P. Bender, author of 'Negotiating Skills for the ISDA Master Agreement' and Vice President and Counsel at Commerzbank AG and a member of Commerzbank’s Dodd-Frank Steering Committee, as he helps these professionals level the playing field.

The first part of this one hour session will focus on the ISDA Master Agreement and provisions that protect parties from non-payment risk. Then the class will focus on the Dodd-Frank Act and pending requirements for central clearing.

This is a previously recorded live classroom session.

Available TodayOnlineUSD$75
Instructional Method:
Self-Study
Instructor(s): [ Seth Bender; ] Level: Intermediate

CPE CREDITS
1
Anyone interested in OTC Derivatives trading
Students will be able to:
  • Understand the ISDA Master Agreement
  • Explain ISDA Architecture, including the Schedule and Credit Support Annex
  • Understand the events and conditions that allow a party to remove itself from a trading relationship or to stop making payments and deliveries under ISDA Master Agreement transactions
  • Value a terminated transaction at close-out
  • Understand how Dodd-Frank reduces systemic risk in OTC derivative markets
  • Discuss the regulations, implementation and consequences of the Dodd-Frank Act
  • Understand the OTC derivative clearing environment
This is a RECORDED online class
Take this class without ever leaving the office via our Virtual Classroom (Virtual NYIF). Accessible from any internet connected computer - regardless of where you are geographically. All you need is an internet connection, a browser and speakers or audio headphones!
ISDA Master Agreement and Provisions that Protect Parties from Non-payment Risk
  • What is the ISDA Master Agreement?
  • Why transact under an ISDA Master Agreement?
  • ISDA Architecture, including the Schedule and Credit Support Annex
  • Events and conditions that allow a party to remove itself from a trading relationship
  • Events and conditions that allow a party to stop making payments and deliveries under ISDA Master Agreement transactions
  • How terminated transactions are valued at close-out
  • Hotly negotiated areas of the ISDA Master Agreement

The Dodd-Frank Act and Pending Requirements for Central Clearing

  • How does Dodd-Frank reduce systemic risk in OTC derivative markets?
  • Primary regulators under Dodd-Frank and implementation timeline
  • Products regulated under Dodd-Frank
  • Market participants regulated under Dodd-Frank and consequences for them
  • The clearing environment: requirements for central clearing, what must be cleared, and when these products will be required to be cleared
  • Explanations and justifications for self clearing eligible products vs. giving up them up to a clearer
  • Commercial entities that do not have to clear and explanations for this exception

                            Duration: 1 Hour