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

Fundamentals of Credit Derivatives Seminar

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

7.5 CPE Credit Hours Available

November 5, 2008
Global Financial Markets Conference Center
New York

PROGRAM AGENDA

8:00 AM

Registration and Continental Breakfast

8:45 AM
 Introduction to Credit Derivative Products
     A. Credit default swaps
             - Mechanics and risks
             - Issues in negotiating CDS
     B. Other credit derivatives
     C. Synthetic securitization and emerging products
Anatoli Kuprianov, Director of Technical Analysis, ISDA
10:15 AM
 Morning Break
10:30 AM

Introduction to Credit Derivative Products (continued)
12:45 PM
 Luncheon
2:00 PM
 Credit Risk Measurement and Pricing
     A. Concept of expected loss
             - Probability of default
             - Loss given default
             - Exposure at default
     B. Economic capital
     C. Credit default swap spreads
             - Asset swaps and the credit default swap basis
             - Overview of CDS pricing and valuation
Anatoli Kuprianov, Director of Technical Analysis, ISDA
3:30 PM
 Afternoon Break
3:45 PM
 Credit Derivatives Legal and Policy Issues
Katherine Darras, General Counsel, Americas, ISDA
Karel Engelen, Director and Global Head Technology Solutions, ISDA
5:00 PM
 Conference Concludes

Agenda is subject to change

Please click here for the Conference Registration Form.

CONFERENCE VENUE: Global Financial Markets Conference Center, 360 Madison Avenue (entrance on 45th Street), 17th Floor, New York, NY 10017 Phone: (212) 901-6000.

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

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