Understanding the ISDA Master Agreements

Including the Buy-side Perspective

Wednesday, June 6, 2018
Hong Kong

Member $650 U.S.

Non-Member $750 U.S.

Register for Understanding the ISDA Master Agreements

Jump to Section:

Wednesday, June 6, 2018

8:15 AM Registration and Morning Coffee

9:00 PM Introduction and Welcoming Remarks Melody Ma

Melody Ma, Assistant General Counsel, ISDA

9:15 AM The 2002 ISDA Master Agreement Jeffrey H. Chen, Francis Edwards, Christopher Whiteley

  • 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
  • Measures of damages and close-out methodologies
  • Events of Default and Termination Events
  • Set-Off Provision
  • Interest Rate Provisions
  • Tax Provisions (including FATCA)
  • Close-Out Amount Protocol
  • Netting Opinions
  • Illegality/Force Majeure Protocol

The speakers will also draw out lessons for buy-side users of the Master Agreement and firms dealing with them.

Jeffrey H. Chen, Partner, Head of Asia Structured Finance, Dentons Hong Kong LLP
Francis Edwards, Partner, Clifford Chance
Christopher Whiteley, Partner, Ashurst

10:45 AM Morning Break

11:00 AM The 2002 ISDA Master Agreement (continued)

12:30 PM Luncheon

1:30 PM Negotiating the Schedule to the 2002 ISDA Master Agreement Kenneth Pang, Lokki Woo

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
  • Specific Provisions for Investment Managers
  • Specific Provisions for Hedge Funds
Kenneth Pang, Senior Legal Counsel, HSBC
Lokki Woo, Head of Derivatives Documentation, Asia Ex-Japan, Nomura

3:15 PM Afternoon Break

3:30 PM Close-outs under the ISDA Master Agreement I-Ping Soong

This session will cover the operation of the Close-out provisions of the ISDA Master Agreement (1992 and 2002 versions) from the point of view of what to look out for when deciding whether and/or when to Close-out, issues related to Close-out such as the giving of notices under the ISDA Master Agreement and practical considerations drawing upon market examples.

I-Ping Soong, Counsel, Capital Markets, Linklaters

4:15 PM ISDA Netting Opinions James Yao

In this session, the speaker will provide an introduction to the netting opinions that ISDA publishes in relation to the ISDA Master Agreement and consider the key issues that they address.

James Yao, Registered Foreign Lawyer (NSW), Allen & Overy

5:00 PM Conference Concludes

Register Now for Understanding the ISDA Master Agreements
Back to Top

The Excelsior, Hong Kong, 281 Gloucester Road, Causeway Bay, Hong Kong. Phone +852 2894 8888

Back to Top

Jeffrey H. Chen

Partner, Head of Asia Structured Finance

Dentons Hong Kong LLP

Francis Edwards

Partner

Clifford Chance

Melody Ma

Assistant General Counsel

ISDA

Kenneth Pang

Senior Legal Counsel

HSBC

I-Ping Soong

Counsel, Capital Markets

Linklaters

Christopher Whiteley

Partner

Ashurst

Lokki Woo

Head of Derivatives Documentation, Asia Ex-Japan

Nomura

James Yao

Registered Foreign Lawyer (NSW)

Allen & Overy

Back to Top

Introductory

Basic knowledge of derivatives documentation is beneficial but not mandatory. Some knowledge of financial markets is assumed. No advance preparation is required.

Back to Top

Follow us on Twitter @isdaconferences for the latest on upcoming events. For general questions, including exhibition/sponsorship opportunities, conference topics or location suggestions contact us: conferences@isda.org | +1 212-901-6000