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Program Agenda

Program Recorded on January 29, 2019

A. Overview of Derivatives Products – 1 Hour, 32 Minutes

• Definition and explanation of derivatives
• Common types of derivatives:
  • Interest Rate Derivatives
  • Credit Derivatives
  • Commodities
  • Equities
  • FX
• Major reasons for using derivatives
• Examples of derivative users
• OTC vs. exchange traded derivatives
• Major venues for derivatives trading and clearing

     Olga Roman, CFA, Director of Research, ISDA
     Dan Vogel, Head of Financial Regulation, Legal, Bloomberg L.P.

B. Interest Rate Derivatives Products – 1 Hour, 48 Minutes

• Overview of interest rate derivative
  • Major products
  • Notional outstanding vs. market value
  • Trading volumes
• Interest rate swaps
  • Description
  • Terminology, convention and market quotes
  • Basic valuation
• Interest rates caps, floors, swaptions and straddles
  • Description
  • Terminology and convention
  • How options work
  • Basic option strategies
  • Basic valuation
  • Settlement methods

     Ilene K. Froom, Partner, Reed Smith LLP
     Alex van Voorhees, Director & Assistant General Counsel, Bank of America Merrill Lynch

C. Credit Derivatives Products – 1 Hour, 35 Minutes

• Overview of credit derivatives
  • Major products
  • Notional outstanding vs. market value
  • Trading volumes
• Credit default swaps: single names and index CDS
• Users of credit derivatives
• Terminology, convention and market quotes
• Valuation
• CDS-bond basis
• Credit events: single name and index CDS
• Settlement methods and auctions
• The ISDA Credit Derivatives Determination Committee

     Fabien Carruzzo, Partner, Kramer Levin Naftalis & Frankel LLP
     Olga Roman, CFA, Director of Research, ISDA

D. Central Clearing – 1 Hour, 43 Minutes (recorded with Part E.)

• Overview of central clearing counterparties (CCPs)
• Cleared vs. non-cleared derivatives products
• Counterparty credit risk (netting, collateral, potential future exposure)

     Jonathan J. Ching, Counsel, Linklaters LLP
     Edward Mayfield, Executive Director & Assistant General Counsel, JPMorgan Chase & Co.

E. Basics of Derivatives Documentation

• Derivatives Documentation Architecture
• ISDA Master Agreements, including the Schedule and CSA
• ISDA Definitions books
• ISDA Protocols

     Ilene K. Froom, Partner, Reed Smith LLP

COURSE SAMPLE

Tags: Documentation, Initial Margin, ISDA Create, Legal