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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Educational Credits

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

7.5 CPE Credit Hours Available

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.


Venue Location:

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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