|
12:00 PM |
Property Index Derivative Transactions and ISDA Documentation
The application
of derivative products to the commercial and residential property
market has begun to develop in markets around the globe. Until recently,
investors could not effectively participate in this asset class.
With the publication of the 2007 ISDA Property Index Derivatives
Definitions, investors can achieve portfolio diversification and
diversify their exposure to local property markets through industry-developed
standardized documentation.
The development
of various property indices globally has contributed to the development
of standardized ISDA documentation to facilitate property index
transactions.
At this symposium,
traders and attorneys will share their views on end user demand,
geographical diversification and continued product innovation in
the property derivatives space. A discussion of the different methodologies
of leading indices will be offered as well. With regard to the documentation,
a comprehensive examination of the ISDA definitions booklet, focusing
on key issues such as delays between measuring an index, revisions
to that measurement and consequent publications of index values,
adjustments such as rebasing and errors in publications, and disruption
events affecting indices will be discussed. The forward and total
return swap forms of confirmation will also be discussed. As with
other Symposia hosted by ISDA, audience members will be able to
engage in a Q&A with panelists and receive the set of ISDA documentation.
Welcoming
Remarks: Katherine Darras, General
Counsel, Americas, ISDA
Panelists:
David Felsenthal, Partner, Clifford Chance
US LLP
Maureen Maitland, Vice President, Standard &
Poor's
Deva R. Mishra, SPG Trading, Goldman Sachs
Todd Kushman, Managing Director, Bear Stearns
|
