This ISDA Documentation course covers pertinent issues related to the drafting, negotiating and understanding of the ISDA Documentation. This course is relevant for:
The first part of this course sets the scene by giving an introduction to derivatives and the various types of derivative products in the market showing the potential of the use of derivatives in a wide range of product sectors.
The second part of the course we go through the ISDA documentation framework. Here a detailed clause by clause analysis will be undertaken of the ISDA Master Agreement followed by a comparison analysis between the 1992 and the 2002 ISDA Master Agreements. We will undertake a detailed analysis of the ISDA Schedule including any EMIR Regulation related language. We will then discuss the CSA, the Financial Collateral Regulations relating to the CSA specifically and the ancillary ISDA documentation. We will then go through in detail the settlement netting and close-out netting and the calculations involved including how swaps are valued. We will cover off the Events of Default and Termination Events operative provisions, procedural timelines and checklists outlining the notice requirements, legal, commercial and operational points to tick off the list. We then cover off some case law and amendments to the ISDA Master Agreement.
The third and final part of the course will be an Interactive Group Case Study involving the documenting an ISDA Schedule and key issues to consider. COPIES OF THE 2002 ISDA MASTER AGREEMENT AND THE ACCOMPANYING ISDA SCHEDULE WILL BE PROVIDED TO ALL PARTICIPANTS AS PART OF THIS COURSE.
Trained as a lawyer, the trainer has over 19 years experience in international banking and structured finance transactions, including real estate finance, loans, leverage finance, debt capital markets, securitisation, structured products, repos, derivatives and financial regulatory and compliance. She has been actively involved in the creation of innovative award winning structured transactions and negotiating complex financings.
She has advised global institutions such as Credit Suisse, Citigroup and Goldman Sachs and spent many years practicing law at Allen & Overy LLP, Linklaters and Sidley Austin Brown & Wood in multiple jurisdictions including London, New York, Hong Kong, Singapore etc.
She holds a Law LLB (Hons) degree from University College London and has worked in the Finance Know-how team at Clifford Chance. She is an author and now runs her own business advisory, training and legal consultancy.
GROUP CASE STUDY: Participants to work in small groups to draft and negotiate with another group a first draft of the ISDA Schedule to the 2002 ISDA Master Agreement in accordance with the client instructions provided in the case study pack
COPIES OF THE 2002 ISDA MASTER AGREEMENT AND THE ACCOMPANYING ISDA SCHEDULE WILL BE PROVIDED TO ALL PARTICIPANTS.
What Redcliffe’s clients are saying about the course;
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Training Course Summary
|Derivatives and ISDA Course||Learn about ISDA documentation with ISDA definitions and ISDA Credit Support Annexes and Credit Support Deeds|
|Securitisation – The Structures, Legal Analysis and Documentation||Learn about the key documents including the asset sale and purchase agreements, the deed of charge and the cash management agreement.|
|Securitisation & Structured Products: Upcoming Regulatory Changes||Be introduced to structured products including static, revolving and managed transactions, the role of a portfolio manager and the impact of the credit crisis|