ISDA Conferences

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

Understanding the ISDA Master Agreements Conference
With Comprehensive Sessions on:
Key differences between the 2002 and the 1992 ISDA Master Agreements
Negotiating the Schedule to the 2002 ISDA Master Agreement and
the ISDA Credit Support Annex and Deed

6 CPD Credit Hours Available (England and Wales)

7 CLE Credit Hours Available (New York)
Transitional and Nontransitional

September 24, 2008
The Café Royal
London

PROGRAM AGENDA

8:00 AM	Registration and Morning Coffee
8:45 AM	Welcoming Remarks David Geen, General Counsel, ISDA
9:00 AM	The 2002 ISDA Master Agreement • Section-by-section analysis of the 2002 ISDA Master Agreement • Discussion of key differences between the 2002 ISDA Master Agreement and the 1992 ISDA Master Agreement • Close-out Amount • Amendments to the Events of Default and Termination Events • Set-Off provision • 2001 ISDA Cross-Agreement Bridge • Novation Protocol and its impact on the ISDA Master Agreement • Netting opinions Jonny Cheatle, Executive Director, Goldman Sachs & Co. Richard Tredgett, Partner, Allen & Overy LLP *David Vincent*, Associate, Allen & Overy LLP
10:30 AM	Morning Break
11:00 AM	The 2002 ISDA Master Agreement (continued)
12:45 PM	Luncheon
2:00 PM	Negotiating the Schedule to the 2002 ISDA Master Agreement This session will focus on key issues that firms typically negotiate in their Schedule to the 2002 Agreement. Frequently negotiated Schedule provisions will be discussed: • Automatic Early Termination • Specified Entities • Specified Transactions • Cross Default • Threshold Amounts • Additional Termination Events • Additional Representations *Elisa Kerr,* Associate Director, Barclays Capital *Daniela Schluckebier,* Assistant General Counsel, Legal Department, Wachovia Bank N.A.
3:15 PM	Afternoon Break
3:30 PM	Understanding the ISDA Credit Support Annex (Transfer) The ISDA Credit Support Annex under English law forms part of the Schedule of the ISDA Master Agreement. It is designed to document security arrangements involving the use of cash or readily marketable securities to secure the risk either or both parties may have under the ISDA Master Agreement to which the ISDA Credit Support Annex relates. Provisions discussed will include: • Credit Support Obligations and Effecting Transfers • Calculations and Substitutions of Collateral • Dispute Resolution • Holding and Usage of Posted Collateral • Events of Default • Standard Representations and Rights and Remedies • Elections and Variables
4:45 PM	The ISDA Credit Support Deed (Security Interest) The ISDA Credit Support Deed is a stand-alone security agreement and creates a security interest in the collateral transferred under it. Key provisions of the Deed will be examined and compared to the English law Credit Support Annex. David Wakeling, Associate, Allen & Overy LLP Victoria Wells, Counsel, Derivative Services, Allen & Overy LLP
5:00 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: The Café Royal, 68 Regent Street, London W1B 5EL. Phone: +44 20 7437 9090.

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