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Legal Aspects of Clearing

 5.75 CPD Credit Hours Available (England and Wales)  
 

6.5 CLE Credit Hours Available (New York)
Transitional and Nontransitional

 


Tuesday, November 7, 2017
One Bishops Square
London

PROGRAM AGENDA

This conference will be useful for lawyers, documentation specialists and others working in or intending to work in clearing. The course will provide an introduction to the issues and regulatory obligations and drivers for clearing derivative contracts, looking also at how clearing works from both a practical and legal viewpoint.

The sessions will also provide delegates with an understanding of clearing and client clearing documentation and seeks to provide delegates who negotiate these documents with the knowledge and background to do so effectively and with a deeper understanding of the issues they address. There will also be coverage of the opinions requirements in the clearing space and the library of opinions which ISDA has published and continues to publish to help meet some of them.

 

 

 

8:15 AM

 

Registration and Continental Breakfast

 

 

 

8:45 AM

 

Introduction and Welcoming Remarks

 

 

 

9:00 AM

 

Regulatory Drivers for Clearing Derivatives
This session will look at the regulatory imperatives for clearing of derivatives, focusing in particular on the impact of the European Market Infrastructure Regulation (EMIR) and supporting regulation including some of its more thorny issues such as frontloading and the clearing mandate.

 

 

 

10:00 AM

 

Clearing Models and their Implications

This session will introduce the key clearing models, namely the principal-to-principal model and the futures-style (FCM) model, and provide an overview of the customer clearing documentation, including:

  • Give-up agreements
  • Structure of the documents of the various CCPs
  • Futures-style documentation

 

 

 

11:00 AM

 

Morning Break

 

 

 

11:30 AM

 

Focus on Clearing Documentation
In this session, the speakers will guide delegates through the provisions of customer “cleared” ISDA Master Agreements and will introduce the key features of futures documentation. They will highlight the main operative provisions of the documents and will provide an introduction for participants who will need to review clearing documentation for themselves.

 

 

 

12:40 PM

 

Luncheon

 

 

 

1:40 PM

 

ISDA/FIA Client Cleared OTC Derivatives Addendum
ISDA and FIA (previously FOA) have published a standard form of Addendum to allow existing relationship documentation (whether an ISDA Master Agreement, futures and options documentation or other agreement) to be used to document cleared derivatives, across CCPs and asset-classes, outside of the US. The speakers will look at the structure of the Addendum and its key provisions. Comparisons will be drawn with the corresponding documentation used in the US.

 

 

 

3:15 PM

 

Afternoon Break

 

 

 

3:30 PM

 

Coverage of Clearing Relationships in ISDA Netting and Collateral Opinions
This session will examine the treatment of client clearing relationships under the ISDA Netting and Collateral Opinions. The speaker will consider issues that opinions will need to address in the cleared environment,

 

 

 

4:30 PM

 

Conference Concludes

                                                                        


Agenda is subject to change

- REGISTRATION FEE* -
$ 850 U.S. (member) / $ 975 U.S. (non-member)
*The invoice total must be paid in full - registration fees are net of tax and wire transfer fees are not included.

We suggest registering at least two weeks in advance to ensure your seat.

Please click here for the Conference Registration Form.

 

 

Allen & Overy LLP, One Bishops Square, London, E1 6AD. Phone +44 (0) 203 808 9700. A map to the venue can be found here.
You will be required to provide photo identification in order to enter the venue. Please ensure you present this at the ground floor reception or you may be refused entry.
 

 

 

 

 



For more information regarding conferences or exhibition opportunities, please contact the ISDA conference department

at +1 212-901-6000  or e-mail conferences@isda.org