ISDA Conferences

International Swaps and Derivatives Association, Inc. (ISDA®)

Credit Derivatives Workshop

7 CPD Credit Hours Available (England and Wales)

8 CLE Credit Hours Available (New York)

The goal of the workshop is to learn the basics of credit derivatives, including the mechanics of the transactions, documentation used and operational processes surrounding them.

June 26, 2008
Le Meridien Piccadilly
London

PROGRAM AGENDA

8:00 AM	Registration and Morning Coffee
8:30 AM	Welcoming Remarks David Geen, General Counsel, ISDA
8:35 AM	Overview of Credit Derivatives Products • Credit default swaps • Economics • Mechanics - Settlement - Premium - Unwinds • Variations - Credit-linked notes - Index and basket CDS - CDS on ABS • Asset swaps • Total return swaps David Geen, General Counsel, ISDA
10:00 AM	Morning Break
10:20 AM	Overview of Credit Derivatives Products (continued)
11:00 AM	The 2003 ISDA Credit Derivatives Definitions This session will focus on the 2003 ISDA Credit Derivatives Definitions and the May 2003 Supplement, examining the provisions relating to credit events, notices, settlement, guarantees and novation. Paul Glasgow, Vice President, Credit Trading, JP Morgan Chase Bank Deborah North, Partner, Allen & Overy LLP
12:30 PM	Luncheon
1:30 PM	Cash Settlement of Credit Derivatives through ISDA’s Auction Methodology David Geen, General Counsel, ISDA
2:15 PM	Confirmation Workshop This hands-on workshop will discuss specific deal ticket terms and take delegates through actual confirmation forms for typical transactions using the 2003 ISDA Credit Derivatives Definitions. In addition, the session will describe the most common errors that lead to outstanding confirmations and what to do about them. Alec L. Cohen, Executive Director, Global Head of Legal Structuring, Structured Products, CALYON
3:15 PM	Afternoon Break
3:30 PM	Confirmation Workshop (Continued)
4:30 PM	Industry Utilities Discussion on the different utilities used by the industry for settlements and straight through processing. Andrew Downes, Managing Director, Chief Operating Officer Credit Fixed Income, UBS AG
5:15 PM	Conference Concludes

Agenda is subject to change

ISDA has been approved by the Solicitors Regulation Authority of England and Wales as an authorised provider of Continuing Professional Development.

Please click here for the Conference Registration Form.

CONFERENCE VENUE: Le Meridien Piccadilly, 21 Piccadilly, London, W1J 0BH. Phone: +44 (20) 7734 8000.

To obtain more information, please contact the ISDA conference department at +1 212-901-6000 or
e-mail CONFERENCES@ISDA.ORG