The Latin America Committee addresses business and regulatory issues of importance to ISDA members in Latin America. In light of recently enacted and pending legislation throughout the Latin America region, this initiative has been intensified. The focus of the Latin America Committee initiative will be on working with country regulators and potential new members to introduce them to ISDA, its documentation and other activities through meetings and conferences. The Latin America Committee operates through three subcommittees: Mexico, Brazil and Argentina/Chile.

• Chair: Marcio Bonfiglioli (JP Morgan)
• Staff Contact: Katherine Darras - kdarras@isda.org

How to Join

Latin America Committee

• Argentina
• Brazil
• Chile
• Mexico

Argentina

DATE	ITEM	TOPIC SUMMARY
03/27/2007	A comment letter to Ministry of Economy and Production reg. Draft Netting Bill submitted by Argentine Central Bank and the Argentine National Securities Commission to Ministry of Economy and Production	Comment Letter
08/10/2001	Correspondence to Minister, Ministry of Economy President, Central Bank of Argentina Secretary of Finance, Ministry of Economy President, National Securities Commission	Argentina Netting

Brazil

DATE	ITEM	TOPIC SUMMARY
03/12/2004	ISDA shows support for Brazilian Local Master Agreement	Letter
06/19/2002	Correspondence to CAAR - Câmara de Adminstração de Assuntos de Riscos	Local Master Agreement
05/06/2002	Central Bank of Brazil Circular No. 3106 of April 10, 2002	Central Bank Regulations Authorizing Credit Derivatives (English Translation of Pinheiro Neto - Advogados)
09/04/2001	Correspondence to CAAR - Câmara de Adminstração de Assuntos de Riscos	Brazilian Master Agreement

Brazil Conference Fundamentals of ISDA Documentation

DATE	TITLE	SPEAKER	PRESENTATION
08/06/2002	Overview of ISDA Activities	Ruth Ainslie, Senior Policy Director - ISDA	Presentation of Ruth Ainslie
08/06/2002	Market Focus: Use of Derivatives in Brazil	Amaury F. Junior - Bank of America	Presentation of Amaury F. Junior
08/06/2002	Derivatives in Brazil	Maziero Marcelo - Itau	Presentation of Amaury F. Junior
08/06/2002	Market Focus: Use of Derivatives in Brazil	Zago Angela - Grupo Santander Banespa	Presentation of Zago-angela
08/06/2002	Regulatory Developments for Derivatives in Brazil	Fernando R. de Almeida Prado and Tiago A. D. Themudo Lessa - PinheiroNetoAdvogados	Presentation of Fernando R. de Almeida Prado and Tiago A. D. Themudo Lessa
08/06/2002	Overview of the Architecture of the 1992 ISDA Master Agreements	Diane Genova, Managing Director and Associate General Counsel - JP Morgan Chase	Presentation of Diane Genova
08/06/2002	Understanding the 1992 ISDA Master Agreements	Thomas J. Werlen, Partner - Allen & Overy, Rui Fernando Ramos Alves, Head of Legal Department - Deutsche Bank AG and Luciana Fuser Bittar, Head of Legal and Compliance - Merrill Lynch & Co., Inc.	Presentation of Thomas J. Werlen, Rui Fernando Ramos Alves and Luciana Fuser Bittar
08/06/2002	Tax Provisions in the Multicurrency–Cross Border ISDA Master Agreement and Schedule	Ruth Ainslie, Senior Policy Director - ISDA	Presentation of Ruth Ainslie
08/06/2002	Câmara Para Assuntos de Administração De Risco	Antonio C. Castrucci - Banco Paulista	Presentation of Antonio C. Castrucci
08/06/2002	Understanding the 1992 ISDA Master Agreements New ISDA Master Agreement	Robert G. Pickel - Executive Director and Chief Executive Officer - ISDA	Presentation of Robert G. Pickel
08/06/2002	Legal Issues Under Brazilian Law	Márcio Bonfiglioli and José Eduardo Carneiro Queiroz - Bank of America	Presentation of Márcio Bonfiglioli and José Eduardo Carneiro Queiroz
08/06/2002	Overview of the ISDA Credit Support Documentation and Brazilian Collateral Issues	Robert G. Pickel - Executive Director and Chief Executive Officer - ISDA	Presentation of Robert G. Pickel
08/06/2002	Use of the 2000 ISDA Definitions Overview of the 2000 ISDA Definitions	Emilio Jimenez, Vice President and Assistant General Counsel - JPMorgan Chase Bank	Presentation of Emilio Jimenez

Chile

DATE	ITEM	TOPIC SUMMARY
06/26/2007	Memorandum describing recent legislative and regulatory updates in Chile	Chile Nettting

Mexico

DATE	ITEM	TOPIC SUMMARY
08/14/2002	Mexican Peso Floating Rate Option Definition: "MXN-TIIE-Banxico"	MXN-TIIE-Banxico Definition Side Letter

Derivatives and Risk Management in Mexico- Conference Presentations

DATE	TITLE	SPEAKER	PRESENTATION
05/07/2001	Derivatives and Risk Management In Mexico	Guillermo Guemez-Garcia, Deputy Governor, Bank of Mexico	Presentation of Guillermo Guemez-Garcia
05/07/2001	History and Development of OTC Derivatives	Jose Manuel Hernandez-Beneyto, ISDA Board Member and Director General Adjunto, Banco Santander Central Hispano, S.A.	Presentation of Jose Manuel Hernandez-Beneyto
05/07/2001	Fundamentals of Derivatives: Use and Application	David Mengle, Vice President, JP Morgan Securities Inc.	Presentation of David Mengle
05/07/2001	Legal and Regulatory Standards in the Global Derivatives Market	Diane Genova, ISDA Board Member, Managing Director and Associate General Counsel, JP Morgan Chase & Co.	Presentation of Diane Genova
05/07/2001	Risk Management in the Derivatives Markets	Robert Mark, ISDA Board Member, Senior Executive Vice President and Chief Risk officer, Canadian Imperial Bank of Commerce Michel Crouhy, Senior Vice President, Canadian Imperial Bank of Commerce	Presentation of Robert Mark and Michel Crouchy
05/07/2001	Overview of ISDA and Current Activities	Robert Pickel, Executive Director and Chief Executive Officer, ISDA Ruth Ainslie, Senior Policy Director, ISDA	Presentation of Robert Pickel and Ruth Ainslie
05/07/2001	Comparative Analysis: Local Master Agreements and the ISDA Master	Diane Genova, ISDA Board Member, Managing Director and Associate General Counsel, JP Morgan Chase & Co.	Presentation of Diane Genova
05/07/2001	Comparative Analysis: Local Master Agreements and the ISDA Master	John P. Emert, Assistant General Counsel, Bank of America	Presentation of John P. Emert
05/07/2001	Comparative Analysis: Local Master Agreements and the ISDA Master	Maria Teresa Vargas de Regil, Director Juridico de Tesoreria, BBVA Bancomer Carolina Machado, Vice President and Head of Legal and Compliance, JP Morgan & Chase - Mexico	Presentation of Maria Teresa Vargas and Carolina Machado
05/07/2001	Current Approaches to Risk Management	Robert Mark, ISDA Board Member, Senior Executive Vice President and Chief Risk officer, Canadian Imperial Bank of Commerce Michel Crouhy, Senior Vice President, Canadian Imperial Bank of Commerce	Presentation of Robert Mark and Michel Crouhy
05/07/2001	Current Approaches to Risk Management	Jose Manuel Doiztua Garcia, Director General, BBVA Bancomer Mexico	Presentation of Jose Manuel Doiztua Garcia
05/07/2001	Current Approaches to Risk Management	Javier Marquez, Manager, Banco de Mexico	Presentation of Javier Marquez
05/07/2001	Current Approaches to Risk Management	Pascual R. O'Dogherty, Director Financial Sector Analysis, Banco de Mexico	Presentation of Pascual R. O'Dogherty
05/07/2001	Current Approaches to Risk Management	Guillermo Zamarripa, Vice President, CNBV	Presentation of Guillermo Zamarripa
05/07/2001	Financial Innovation: Growth and New Products	David L. Mengle Vice President, JP Morgan Securities Inc.	Presentation of David L. Mengle
05/07/2001	Financial Innovation: Growth and New Products	Hernan Sabau, Partner, SAI Consultores	Presentation of Hernan Sabau
05/07/2001	Financial Innovation: Growth and New Products	David Jasper, Vice President, Emerging Markets Trading, Goldman Sachs	Presentation of David Jasper (word doc)
05/07/2001	Implementations of the Use of Derives in International Trade Operations	Hector Rangel Domene, President, Asociacion de Banqueros de Mexico	Presentation of Hector Rangel Domene
05/08/2001	OTC Derivatives in Emerging Markets and Latin America	Moderator: Jose Marcos Ramirez Miguel, Director General of Finance, Grupo Financiero Santander Serfin	(Not Available)
05/08/2001	OTC Derivatives in Emerging Markets and Latin America	Enrique Hurtado Valenzuela, Executive Director of Derivatives, Group Financiero Santander Serfin	(Not Available)
05/08/2001	OTC Derivatives in Emerging Markets and Latin America	Andres Hall, Commissioner, Argentine Securities & Exchange Commission	Presentation of Andres Hall
05/08/2001	OTC Derivatives in Emerging Markets and Latin America	Marta Alves, Managing Director, Banco Itau	Presentation of Marta Alves
05/08/2001	Risk Management in Mexico a Business Perspective: Going Forward	Eduardo F. Cepeda, President and Director General, JP Morgan Grupo Financiero, S.A. de C.V.	Presentation of Eduardo F. Cepeda
05/08/2001	Review of the New Bankruptcy Law and Regulatory Developments and Challenges in Mexico	Antonio Franck C., Founder and Managing Director, Franck, Galicia, Duclaud y Robles, S.C. Luis Nicolau, Partner, Ritch, Heather y Muller, SC	Presentation of Antonio Franck C. and Luis Nicolau
05/08/2001	OTC Derivatives and Repo Transactions in Mexico	Francisco Bataller Lopez, Managing Director of Markets, Grupo Financiero BBVA Bancomer, S.A.	Presentation of Francisco Bataller Lopez
05/08/2001	Accounting, Tax Treatment and Policy Issues of Derivatives and Repo Transactions in Mexico	Alfonso Gomez, Senior Manager of Financial and Commodity Risk Consulting, Arthur Andersen	Presentation of Alfonso Gomez
05/08/2001	Accounting, Tax Treatment and Policy Issues of Derivatives and Repo Transactions in Mexico	Jose Carlos-Silva Sanchez-Gavito, Partner, Chevez, Ruiz, Zamarripa y Cia, SC	Presentation of Jose Carlos-Silva Sanchez-Gavito
05/08/2001	Synergy between Exchange and the OTC Derivatives Markets in Mexico: Looking Forward Growth and Liquidity	Moderator: Rodolfo Sanchez-Arriola, Chief Executive Officer, MexDer Fernando Concha, Country Treasurer, Citibank Mexico S.A. Jorge Alonso, Executive Director, JP Morgan Chase & Co Juan Jose Salazar, Executive Vice President, Grupo Financiero Banamex Accival	Presentation of Rodolfo Sanchez-Arriola (Spanish Version)
05/08/2001	Closing Remarks	Mario Laborin, General Director, Nacional Financiera, S.N.C	Presentation of Mario Laborin