Wed, Sep 18 to Thu, Sep 19, 2024
Registration for this event will close 2 hours before the live broadcast
In 2021 ISDA published an updated and enhanced version of its landmark definitional booklet for interest rate derivatives, marking a big step in the shift to digital documentation.
The 2021 ISDA Interest Rate Derivatives Definitions are the first ever to be published as a natively digital definitional booklet, and are available via ISDA’s electronic documentation platform, MyLibrary. The digital format will create significant efficiencies in how firms use and interact with the definitions, reducing complexity and the potential for error.
This is an ISDA Virtual Conference:
- Event will be live on November 18, 2024 from 8:35 AM – 1:10 PM EST | Timezone Converter
- Miss part of the event or aren’t able to watch live? The recording will be available to registrants until December 18, 2024
Educational Credits
4.5 CLE Credit Hours Available (New York) Transitional and Non-Transitional
4.5 CPE Credit Hours Available
3.75 CPD Credit Hours Available (England and Wales)
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Agenda
Monday, November 18, 2024
Print Agenda The 2021 ISDA Interest Rate Definitions for8:35 AM Introduction and Welcoming Remarks
8:45 AM Structure of the 2021 ISDA Interest Rate Derivatives Definitions
An overview of the structure of the definitional booklet, matrices and ancillary documentation, including an introduction to ISDA’s MyLibrary, the web-based user interface on which the definitional booklet has been published.
Speakers to be Announced.9:15 AM Role of the Calculation Agent and Challenging Determinations
An explanation of how the Calculation Agent’s standard has changed under the 2021 Definitions and what it means in practice. This session will look at provisions in the 2021 Definitions which empower the parties to request more information or challenge determinations made by the Calculation Agent in relation to the Cash Settlement and Generic Fallback provisions.
Speakers to be Announced.9:35 AM Days, Periods, Dates and Conventions
This session will look at the new concept of an ‘Unscheduled Holiday’ in relation to payment dates and period end dates as well as the new day count fractions that have been introduced into the 2021 Definitions and how Business Days are dealt with compared with the 2006 Definitions.
Speakers to be Announced.10:05 AM Break
10:10 AM Cash Settlement Provisions
The Cash Settlement provisions in the 2006 Definitions have not kept pace with the evolution of the markets. The 2021 Definitions seek to provide more robust and less discretionary methodologies that better reflect modern practices.
Speakers to be Announced.11:00 AM Floating Rate Options and Fallbacks
The way in which benchmarks are represented in the 2021 Definitions has changed from narrative to tabular format. This session will look at the reasons behind the changes and what it means in practice. The 2021 Definitions builds on the work recently undertaken for the 2006 ISDA Definitions in relation to fallbacks by introducing temporary non-publication, index cessation and administrator/benchmark events in order to improve contractual robustness. This session looks at the standardized and bespoke fallbacks included in the 2021 Definitions and acknowledgement regarding changes to benchmarks.
Speakers to be Announced.12:00 PM Break
12:05 PM Imperatives to Adopt the 2021 Definitions
Moving off the 2006 ISDA Definitions requires the investment of very significant time and effort. What are the drivers for buy side and sell side users in adopting the 2021 Definitions?
Speakers to be Announced.12:30 PM Implementation
What happened on the 4th October 2021 implementation date and subsequently for cleared and on-venue trades, FpML and critical middleware in terms of adoption? What steps should market participants be taking if they have not already adopted the 2021 Definitions? What does it mean for the 2006 ISDA Definitions?
Speakers to be Announced.1:10 PM Conference Concludes
Agenda is subject to change.
Pricing
Back to TopRegistration fee is for one person to attend the entire event. Pass may not be split between multiple attendees.
Groups of three or more attendees from the same firm can receive a 20% discount on event registrations. To register your group, please email conferences@isda.org
Member US$350.00
Non-Member US$400.00
Course Level
Back to TopIntroductory
Basic knowledge of derivatives is beneficial but not mandatory. Some knowledge of financial markets is assumed. No advance preparation is required.
Accreditation
Back to TopISDA is an accredited provider of continuing education credits by the following organizations:
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ISDA has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the state of New York.
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ISDA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors: 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org
Contact
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For general questions, including exhibition/sponsorship opportunities, conference topics or location suggestions contact us: conferences@isda.org | +1 212-901-6000