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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.
The housing and residential real estate market is estimated to be
a multi-trillion pound asset class. 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 standardised
documentation.
The development
of various property indices globally has contributed to the development
of standardised ISDA documentation to facilitate property index
transactions.
At this symposium,
market participants 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.
Moderator:
David Geen, General Counsel, ISDA
Speakers:
Sally Addis, Legal Counsel, IPD
Dominic Cooper, Structurer, Santander Global Banking
and Markets
Mark Daley, Partner, Berwin Leighton Paisner
Habib Motani, Partner, Clifford Chance LLP |
