Benchmark Strategies Forum Japan

ベンチマーク・ストラテジー・フォーラム ジャパン

Friday, September 18, 2020
Online

Member US$100.00

Non-Member US$100.00

Register for Benchmark Strategies Forum Japan

This conference will be conducted in English or Japanese. Simultaneous translation will NOT be provided.
当コンファレンスは日本語または英語で行われます。同時通訳は入りません。(開会の挨拶のみ英語です)

Registration for this event will close 2 hours before the live broadcast

 

Who Should Attend: Senior industry participants from the buy and sell-side involved in trading, structuring, risk, legal and compliance, as well as infrastructure providers, benchmark administrators and vendors.

*バイサイドは参加費無料です。お名前・所属・会社名をご記入のうえ、こちらにリクエストをお送りください。承認後、登録のためのリンクを送らせていただきます。

*Subject to approval. Submit Name, Title and Company Name with Buy-Side Registration Request.
Click here to see if you qualify.

 

While recognizing the challenges posed by the coronavirus pandemic, the UK Financial Conduct Authority has reiterated that firms cannot rely on LIBOR being published after the end of 2021. This ISDA Virtual Conference will explore the progress made in Japan to shift away from LIBOR and adopt alternative risk-free rates (RFRs). The event will also set out the issues market participants need to consider when transitioning legacy portfolios, and outline the upcoming milestones for transition, including the implementation of robust fallbacks.

コロナウィルス感染拡大による様々な問題が認識される一方で、英国金融行為監督機構(FCA)は2021年末以降にLIBORの公表停止の可能性を繰り返し言及しました。本フォーラムでは、本邦市場におけるLIBORからの移行の現状、そして代替リスク・フリー・レート(RFR)の利用状況についてご説明します。また、既存(レガシー)ポートフォリオの移行に関して、市場参加者が考慮すべき問題を検討するとともに、頑健なフォールバックの導入や、移行に向けたマイルストーンについて概説します。

 

This is an ISDA Virtual Conference:

当コンファレンスはオンラインで、以下の日時にライブ放送されます。録画は一か月間ご視聴になれます。

  • Event will be live on Friday, September 18, 2020 from 2:00 PM – 5:05 PM JST  |  Timezone Converter
  • Miss part of the event or aren’t able to watch live? The recording will be available to registrants until October 18, 2020

The conference will be broadcast via GoToWebinar. Please click here to check your system requirements to ensure you are able to join this event: https://support.goto.com/webinar/system-check-attendee

 

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Friday, September 18, 2020

Print Agenda Benchmark Strategies Forum Japan for

2:00 PM Introduction and Welcoming Remarks | 開会の挨拶 Scott O’Malia

Scott O’Malia, Chief Executive Officer, ISDA

2:05 PM Keynote Address | 基調講演

2:20 PM Break | 休憩

2:30 PM Progress in RFR Adoption | RFR利用に向けた進捗状況 Tomoko Morita, Shigeru Nonomura, Taihei Okabe, Atsuya Watanabe

Trading volumes in derivatives linked to certain RFRs has increased, but LIBOR continues to dominate in most currencies. This session will describe the steps taken so far to encourage liquidity in alternative RFRs in Japan, potential challenges and expected milestones between now and the end of 2021.

一部の通貨のRFR参照デリバティブの取引は徐々に増えておりますが、ほとんどの通貨ではLIBOR参照デリバティブが引き続き大多数を占めています。本セッションでは、本邦における代替RFRの流動性向上に向けた取り組みを説明するとともに、さらに利用を促進するための課題、そして2021年末までのマイルストーンについて検討を行います。

 

  • Progress in developing liquidity in TONA | TONAの流動性の現状
  • Impact of a multi-rate approach | マルチプル・レート・アプローチにおける代替レートへの移行
  • Development of forward-looking term RFRs | ターム物RFRの公表に向けて
  • Challenges and milestones | 課題と今後のマイルストーン

Moderator: Tomoko Morita, Senior Director and Head of Tokyo Office, ISDA
Shigeru Nonomura, ISDA Board Member, Managing Director, Co-Head of Rates Trading, Global Markets Japan, Nomura Securities Co., Ltd.
Taihei Okabe, ISDA Board Member, Managing Director, Head of Derivatives Trading, Mizuho Securities Co., Ltd.
Atsuya Watanabe, Director, Markets and Securities Services, Citigroup Global Markets Japan Inc.

3:30 PM Break | 休憩

3:40 PM Implementing Fallbacks | フォールバックの導入 Tomoko Morita, Motoyasu Fujita, Yamato Ikeda, Shinichiro Itozaki

New fallbacks for derivatives that reference certain key IBORs will come into effect later this year, reducing the risk of disruption in the event an IBOR ceases to exist. This panel will describe the changes that are being made, and explain the implications for new and legacy trades.

IBORが停止した際の市場の混乱を回避するための新たなデリバティブのフォールバック条項の適用が今年後半に予定されています。本パネルでは、新たなフォールバックに関する概説を行い、新規取引および既存取引への適用方法と影響について検討を行います。

 

  • Overview of changes to the 2006 ISDA Definitions | 2006年ISDA定義集改訂版の概要
  • Understanding the ISDA Protocol for legacy trades | ISDA IBORフォールバック・プロトコル(既存契約用)の概要
  • Publication of spread adjustments | スプレッド調整について
  • Making the necessary changes to systems and infrastructure | システム・インフラに必要となる変更
  • Comparing derivatives fallbacks to those for other financial instruments | デリバティブ取引のフォールバックとキャッシュ商品等他の金融商品のフォールバックの比較

Moderator: Tomoko Morita, Senior Director and Head of Tokyo Office, ISDA
Motoyasu Fujita, Partner, Capital Markets Group (Structured Finance & Derivatives), Linklaters
Yamato Ikeda, Advisory Officer, Treasury Operations Division, Shinkin Central Bank
Shinichiro Itozaki, Senior Manager, Financial Engineering Division, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

4:40 PM Break | 休憩

4:50 PM Keynote Address | 基調講演

5:05 PM Conference Concludes | コンファレンス終了

Agenda is subject to change.

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Motoyasu Fujita

Partner, Capital Markets Group (Structured Finance & Derivatives)

Linklaters

Yamato Ikeda

Advisory Officer, Treasury Operations Division

Shinkin Central Bank

Shinichiro Itozaki

Senior Manager, Financial Engineering Division

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Tomoko Morita

Senior Director and Head of Tokyo Office

ISDA

ISDAConferences

Shigeru Nonomura

ISDA Board Member, Managing Director, Co-Head of Rates Trading, Global Markets Japan

Nomura Securities Co., Ltd.

Taihei Okabe

ISDA Board Member, Managing Director, Head of Derivatives Trading

Mizuho Securities Co., Ltd.

Scott O’Malia

Chief Executive Officer

ISDA

ISDAConferences

Atsuya Watanabe

Director, Markets and Securities Services

Citigroup Global Markets Japan Inc.

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Complimentary buy-side registration: To qualify, the registrant must be an employee of a buy-side firm. Buy-side firms include asset managers, hedge funds, mutual funds, pension funds, insurance companies, energy/commodity firms and corporates. Institutions that have a proprietary trading arm but also provide services to other market participants do not qualify as buy-side even if they are the clients of service providers. All complimentary registrations are subject to ISDA approval. Submit Name, Title and Company Name with Buy-Side Registration Request.

*バイサイドは参加費無料です。お名前・所属・会社名をご記入のうえ、こちらにリクエストをお送りください。承認後、登録のためのリンクを送らせていただきます。

 

Registration fee is for one person to attend the entire event. Pass may not be split between multiple attendees.

参加費は1名様分の料金です。1名分のお申込みで複数の方はご参加いただけません。

Member US$100.00

Non-Member US$100.00

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