Fundamentals of Derivatives

Tuesday, January 28, 2020
ISDA Conference Center
New York

Member US$850.00

Non-Member US$975.00

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Tuesday, January 28, 2020

Print Agenda Fundamentals of Derivatives for

8:15 AM Registration and Continental Breakfast

8:45 AM Introduction and Welcoming Remarks Olga Roman, CFA

Olga Roman, CFA, Director of Research, ISDA

9:00 AM Overview of Derivatives Products Tamika Bent, Ilene K. Froom, Olga Roman, CFA

  • Definition and explanation of derivatives
  • Common types of derivatives:
    • Interest Rate Derivatives
    • Credit Derivatives
    • Commodities
    • Equities
    • FX
  • Major reasons for using derivatives
  • Examples of derivative users
  • OTC vs. exchange traded derivatives
  • Major venues for derivatives trading and clearing
Tamika Bent, Executive Director and Senior Counsel, Natixis
Ilene K. Froom, Partner, Reed Smith LLP
Olga Roman, CFA, Director of Research, ISDA

10:30 AM Morning Break

10:45 AM Interest Rate Derivatives Products Ilene K. Froom, Alex van Voorhees

  • Overview of interest rate derivatives
    • Major products
    • Notional outstanding vs. market value
    • Trading volumes
  • Interest rate swaps
    • Description
    • Terminology, convention and market quotes
    • Basic valuation
  • Interest rates caps, floors, swaptions and straddles
    • Description
    • Terminology and convention
    • How options work
    • Basic option strategies
    • Basic valuation
    • Settlement methods
Ilene K. Froom, Partner, Reed Smith LLP
Alex van Voorhees, Director & Assistant General Counsel, Bank of America

12:30 PM Luncheon

1:30 PM Credit Derivatives Products Fabien Carruzzo, Olga Roman, CFA

  • Overview of credit derivatives
    • Major products
    • Notional outstanding vs. market value
    • Trading volumes
  • Credit default swaps: single names and index CDS
  • Users of credit derivatives
  • Terminology, convention and market quotes
  • Valuation
  • CDS-bond basis
  • Credit events: single name and index CDS
  • Settlement methods and auctions
  • The ISDA Credit Derivatives Determination Committee
Fabien Carruzzo, Partner, Kramer Levin Naftalis & Frankel LLP
Olga Roman, CFA, Director of Research, ISDA

3:00 PM Afternoon Break

3:15 PM Central Clearing Jonathan J. Ching, Edward Mayfield

  • Overview of central clearing counterparties (CCPs)
  • Cleared vs. non-cleared derivatives products
  • Counterparty credit risk (netting, collateral, potential future exposure)
Jonathan J. Ching, Partner, Linklaters LLP
Edward Mayfield, Executive Director & Assistant General Counsel, J.P. Morgan

4:15 PM Basics of Derivatives Documentation Ilene K. Froom

  • Derivatives Documentation Architecture
  • ISDA Master Agreements, including the Schedule and CSA
  • ISDA Definitions books
  • ISDA Protocols
Ilene K. Froom, Partner, Reed Smith LLP

5:00 PM Conference Concludes

Agenda is subject to change.

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ISDA Conference Center, 10 East 53rd Street (entrance on 52nd and 53rd Street), 8th Floor, New York, NY 10022, Phone: +1 (212) 901-6000. Please find a map to the venue here.

ISDA has a special rate available at the Omni Berkshire Place21 East 52nd Street, New York, NY 10022, +1 212-753-5800, located on the same block as the ISDA Conference Center. For reservations online click here OR call the Reservation Center at +1 800-843-6664 and mention the International Swaps and Derivatives Association, Inc. (ISDA) special rate. ISDA’s special rate is based on availability at the time of booking.

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Tamika Bent

Executive Director and Senior Counsel



Fabien Carruzzo


Kramer Levin Naftalis & Frankel LLP

Jonathan J. Ching


Linklaters LLP

Ilene K. Froom


Reed Smith LLP


Edward Mayfield

Executive Director & Assistant General Counsel

J.P. Morgan

Olga Roman, CFA

Director of Research



Alex van Voorhees

Director & Assistant General Counsel

Bank of America

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Registration fee is for one person to attend the entire event. Pass may not be split between multiple attendees.
Groups of three or more attendees from the same firm can receive a 20% discount on event registrations. To register your group, please email prior to the event.

Receive a special discount of 20% for one person to attend all 3 Back to Basics courses – the Fundamentals of Derivatives, Understanding the ISDA Master Agreements and Understanding Variation Margin and the ISDA CSA for VM courses taking place on January 28, 29 & 30 in NY. To receive this discount, email prior to registration. [Registrant must attend all 3 courses. Discount will be void if one or more of the registrations are cancelled]

Government Agencies and Financial Hardship Policy

Member US$850.00

Non-Member US$975.00

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Basic knowledge of derivatives documentation is beneficial but not mandatory. No advance preparation is required.

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