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Derivatives – The ISDA® Documentation


Thursday & Friday, 15th & 16th September 2011, Clarion Hotel, IFSC, Dublin 1
This programme provides delegates with a pragmatic approach to the ISDA® Master Agreements, collateral and the ISDA®
Credit Support Annex. The course tackles industry-specific case studies and provides delegates with practical negotiation tips.
The most recent regulatory developments are covered.

Who should attend?


Legal counsel; Investment managers; Corporate treasurers; Middle and back office; Compliance officers; Risk managers;
Anyone interested in the ISDA documentation.

15th September – ISDA® Master Agreements 16th September - Collateral


Negotiation
8.30-9.00 Breakfast
8.30-9.00 Registration/Breakfast
9.00-12.30
9.00-12.30 Collateral Management
Refresher on Derivatives -Rationale behind collateral
-Overview of Derivatives Markets -Collateral types
-Risks pertaining to Derivatives -Factors affecting choice of collateral
-Getting the collateral balance right
The ISDA® Master Agreements -Haircuts
-Rationale behind ISDA® documentation -Varying collateral
-Key principles -Controlling collateral
-Section-by-section analysis of the 2002 ISDA®
Master Agreement General legal issues relating to collateral
-Comparison with 1992 version -Governing law
-Recharacterisation risk
12.30-1400 Networking Lunch -Pledges/perfection of security
-Securities held in custodial systems (e.g.
14.00-17.00 Euroclear and Clearstream)
The Schedule to the ISDA® Master -EU Directive on collateral
-Termination provisions -Impact of central clearing
-Elections, notices, deliveries
-Key amendments 12.30-1400 Networking Lunch

Practical negotiation 14.00-17.00


-Discussion of ISDA clauses submitted by The ISDA® Credit Support Annex (English Law)
delegates -Analysis of provisions
-Negotiation advice -Common amendments with examples
-Corporate counterparties -Comparison with other collateral documentation
-Investment fund counterparties -Credit Support Deed
-Credit Support Annex (New York Law)
Regulatory update
  Practical approach
-Asset management specific cases
+++  -Calculating termination amount and impact of
Delegates are expected to bring their own copies of the collateral
2002/1992 ISDA® Master Agreement and Credit Support
Annex Regulatory update
 

This event is brought to you by Quickstep Consulting in association with Jurisconsul

ISDA® is a registered trademark of the International Swaps and Derivatives Association, Inc. This training session is
neither sponsored by nor affiliated with the International Swaps and Derivatives Association.
 
 

The Company – Quickstep Consulting

Quickstep Consulting is dedicated to providing training and consulting services to funds and their service providers. Specialties
include derivatives, financial reporting, fund regulation and all areas of fund accounting. Clients include leading hedge funds
and fund administrators, trustees, auditors, lawyers and consultants.

Services Provided by Quickstep Consulting - Training

• Customised in-house training courses (design, development, delivery, evaluation)


• Customised training course development (design, development, hand over material to client’s internal use)
• One-to-one key person training
• Provision of training material for client’s internal use
• Out-sourced training department
• Open courses

Services Provided by Quickstep Consulting – Consulting

• Fund administrator review


• Operational review
• Best process development
• Procedures manual documentation
 

The Facilitator – Gérald Pasquier

Mr. Gérald Pasquier is Head of Investment Funds and Derivatives at JURISCONSUL, a Luxembourg law firm. Gérald
specialises in Financial Law and focuses on Derivatives and Investment Funds. A former ISDA negotiator at a major asset
management company, he acquired his legal expertise working for leading law firms and financial institutions across
prominent jurisdictions in Asia and Europe.
Gérald runs training sessions on derivatives in major financial centres in Europe, the Middle-East, Asia and North America,
and lectures in a number of European schools. Gérald is a Member of the Luxembourg Bar and Paris Bar (Avocat), admitted to
practice in England and Wales (Solicitor), holds a LLM in Banking and Financial Law and a Certificate in Corporate Finance.
For more information on Gérald or JURISCONSUL, or to contact Gérald, visit http://www.jurisconsul.com/en/contact.html

What The Clients Say


“Good to see someone with a passion for the law expressing it in a collegiate manner.’’ VP at Barclays Capital in New York.
“You should write a guide to the ISDA…that would be a great success. Good job!” Lombard Odier - Geneva Private Bank.
“I recommend Gerald’s seminar. The material is well thought out and is presented with a great deal of professionalism.”
Legal Counsel, Société Générale Corporate & Investment Banking, Paris, France.

 
Registration Form

DELEGATE: Name ____________________ Position ____________________ Email ____________________

Company __________________ Address ____________________ Tel ______________________

AUTHORISATION: Name ____________________ Position ____________________ Email ____________________

Signature (compulsory) _____________________ Date ______________

The cost is €1,790 per delegate. Book before 30th June 2011 and SAVE 10%. An additional 10% discount applies for firms
registering more than one delegate.

BOOKING METHOD
Complete and sign this form. Email it to orlagh@quickstep.ie or post it to Orlagh Moore, Quickstep Consulting, 77 Collins Park,
Whitehall, Dublin 9. Include a cheque payable to Quickstep Consulting.

To pay by credit card online visit http://www.quickstep.ie/courses/detail/the_isda_documentation/

To pay by bank transfer contact orlagh@quickstep.ie for further details.

With enquiries please email orlagh@quickstep.ie or call Orlagh Moore on 3531 8058568.

ISDA® is a registered trademark of the International Swaps and Derivatives Association, Inc. This training session is
neither sponsored by nor affiliated with the International Swaps and Derivatives Association.
 
 
Terms and Conditions

1. Fees include program materials, lunch and refreshments.

2. Payment Terms: Following completion and return of the registration form, full payment is required within five working
days from receipt of invoice. Payment must be received prior to the training session date. A receipt will be issued on
payment. A 50% cancellation fee will be charged under the terms outlined below. We reserve the right to refuse admission
if payment is not received on time.

3. Cancellation: All bookings carry a 50% cancellation liability immediately after a signed registration form has been received
by Quickstep Consulting (the “Organiser”). Cancellations must be received in writing by postal mail or fax fourteen days
before the training session is to be held. Thereafter, the full price is payable and is non-refundable. The service charge is
completely non-refundable. Non- payment or non-attendance does not constitute cancellation. By signing this agreement,
the participating party (the “Participant”) agrees that in case of dispute or cancellation of this agreement that the
Organiser will not be able to mitigate its losses for any less than 50% of the total value. If, for any reason, the Organiser
decides to cancel or postpone this conference, the Organiser is not responsible for covering airfare, hotel, or other travel
costs incurred by Participants. The training session fee will not be refunded, but can be credited to a future event. Event
program content is subject to change without notice.

4. Intellectual Property: All intellectual property rights in all materials produced or distributed by the Organiser in connection
with this event is expressly reserved and any unauthorized duplication, publication or distribution is prohibited.

5. Data Protection: the Delegate confirms that it has requested and consented to the Organiser retaining Participant
information on database to be used by the Organiser and passed to selected third parties, to assist in communicating
products and services which may be of interest to the Participant. If the Participant wishes to stop receiving such
information please inform the Organiser . For training and security purposes telephone calls may be recorded.

6. Important note. While every reasonable effort will be made to adhere to the advertised package, the Organiser reserves
the right to change event dates, sites or location or omit event features, or merge the event with another event, as it
deems necessary without penalty and in such situations no refunds, part refunds or alternative offers shall be made.
In the event that the Organiser permanently cancels the event for any reason whatsoever (including, but not limited to
any force majeure occurrence) and provided that the event is not postponed to a later date nor is merged with another
event, the Participant shall receive a credit note for the amount that the Participant has paid to such permanently
cancelled event, valid for up to six months to be used at another Organiser event. No refunds, part refunds or alternative
offers shall be made.
7. Governing law: This Agreement shall be governed and construed in accordance with the laws of Ireland and the parties
submit to the exclusive jurisdiction of the Irish courts. However, the Organiser only is entitled to waive this right and
submit to the jurisdiction of the courts in which the Participant’s office is located.

8. Acknowledgments. The Participant hereby acknowledges that this agreement is valid, binding and enforceable; and that
he/she has no basis to claim that any payments required under this agreement at any time are improper, disputed or
unauthorised in any way.

Participant acknowledges that he/she has read and understood all terms of this agreement, including, without limitation,
the provisions relating to cancellation.

ISDA® is a registered trademark of the International Swaps and Derivatives Association, Inc. This training session is
neither sponsored by nor affiliated with the International Swaps and Derivatives Association.