Getting To Grips With Phase 6 Initial Margin Requirements

Thursday, September 23, 2021
Online

Member US$275.00

Non-Member US$325.00

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Following a one-year deferral at the peak of the coronavirus crisis, phase six of the initial margin (IM) requirements for non-cleared derivatives will come into force in September 2022 and will capture 775 entities and more than 5,400 counterparty relationships, creating a significant compliance challenge for the industry. What steps should firms be taking to comply? This virtual event will break down what firms need to do and will highlight the important challenges and lessons learned from firms who have implemented in previous phases. The event is designed to give firms a comprehensive guide to implementation.

 

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

 

This is an ISDA Virtual Conference:

  • Event will be live on September 23, 2021 from 9:00 AM – 12:40 PM EDT  |  Timezone Converter
  • Miss part of the event or aren’t able to watch live? The recording will be available to registrants until October 23, 2021

 

Educational Credits

3.5 CLE Credit Hours Available (New York) Transitional and Non-Transitional

3.5 CPE Credit Hours Available

3.25 CPD Credit Hours Available (England and Wales)

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Thursday, September 23, 2021

Print Agenda Getting To Grips With Phase 6 Initial Margin Requirements for

9:00 AM Introduction and Welcoming Remarks Mark New

Mark New, Senior Counsel, Americas, ISDA

9:05 AM Fast Forward to Compliance Mark New, Neil Patel, Tamsin Rolls

This panel will summarize the main regulatory requirements and highlight differences between rule sets that could affect implementation. The session will also set out the steps that firms need to take, including, calculating aggregate average notional amounts and identifying in-scope entities,  disclosure to counterparties, as well as highlight industry tools available to help with the disclosure process.

Moderator: Mark New, Senior Counsel, Americas, ISDA
Neil Patel, Director, Trading & Derivatives Legal, BlackRock
Tamsin Rolls, Executive Director and Assistant General Counsel, J.P. Morgan

9:50 AM Calculating Margin Tara Kruse, Scott Cogswell, Joe Demetrick, Nnamdi Okaeme

When it comes to calculating IM, firms have a choice between using a regulatory standardized schedule or an approved margin model. This session will review the differences between the two approaches, describe the ISDA Standard Initial Margin Model (ISDA SIMMTM) and its features and consider the steps firms need to take to implement it, and discuss considerations for Phase 6 firms.

Moderator: Tara Kruse, Global Head, Infrastructure, Data and Non-Cleared Margin, ISDA
Scott Cogswell, Manager, Global Risk Analytics, HSBC
Joe Demetrick, Managing Director, Public Fixed Income - Derivatives, MetLife Investment Management
Nnamdi Okaeme, Senior Director, Infrastructure, Data and Non-Cleared Margin, ISDA

10:50 AM Break

11:00 AM Documentation Download Megan O’Flynn, Kate Andrews, Fabien Carruzzo, Lucinda Clayton

Firms need to ensure the necessary documentation is negotiated and put in place with each counterparty ahead of the implementation date. This session will describe the documentation and various elections firms need to make, and look at how this process can be automated through online negotiation platforms like ISDA Create.

Moderator: Megan O’Flynn, Assistant General Counsel, ISDA
Kate Andrews, Associate, Linklaters LLP
Fabien Carruzzo, Partner, Kramer Levin Naftalis & Frankel LLP
Lucinda Clayton, Head of Derivatives Advisory, NatWest Markets

11:55 AM UMR Project Implementation and Collateral Management Efficiencies Amy Caruso, Erica Becker, Nicholas Cadotte, Ted Leveroni, Craig van Eyk

This panel will share their experiences of coordinating a multi-facetted UMR project, including establishing custodial relationships for segregated accounts and how to approach onboarding including KYC, initiating a portfolio reconciliation and dispute management strategy, and how to improve collateral management processes through operational enhancements, data standardization and automation.

Moderator: Amy Caruso, Head of Collateral Initiatives, ISDA
Erica Becker, Senior Manager, EY
Nicholas Cadotte, Manager, Derivative Support, Public Sector Pension Investment Board
Ted Leveroni, Senior Principle, BNY Mellon Markets
Craig van Eyk, Director, Credit Suisse

12:40 PM Conference Concludes

Agenda is subject to change.

Register Now for Getting To Grips With Phase 6 Initial Margin Requirements
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Kate Andrews

Associate

Linklaters LLP

LinklatersLLP

Erica Becker

Senior Manager

EY

EYnews

Nicholas Cadotte

Manager, Derivative Support

Public Sector Pension Investment Board

InvestPSP

Fabien Carruzzo

Partner

Kramer Levin Naftalis & Frankel LLP

kramerlevin

Amy Caruso

Head of Collateral Initiatives

ISDA

ISDAConferences

Lucinda Clayton

Head of Derivatives Advisory

NatWest Markets

NatWest_CI

Scott Cogswell

Manager, Global Risk Analytics

HSBC

HSBC

Joe Demetrick

Managing Director, Public Fixed Income - Derivatives

MetLife Investment Management

Tara Kruse

Global Head, Infrastructure, Data and Non-Cleared Margin

ISDA

ISDAConferences

Ted Leveroni

Senior Principle

BNY Mellon Markets

BNYMellon

Mark New

Senior Counsel, Americas

ISDA

ISDAConferences

Megan O’Flynn

Assistant General Counsel

ISDA

ISDAConferences

Nnamdi Okaeme

Senior Director, Infrastructure, Data and Non-Cleared Margin

ISDA

ISDAConferences

Neil Patel

Director, Trading & Derivatives Legal

BlackRock

Tamsin Rolls

Executive Director and Assistant General Counsel

J.P. Morgan

jpmorgan

Craig van Eyk

Director

Credit Suisse

CreditSuisse

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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 conferences@isda.org

Member US$275.00

Non-Member US$325.00

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Intermediate

Some knowledge of derivatives is assumed. No advance preparation is required.

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ISDA is an accredited provider of continuing education credits by the following organizations:

  • CLE

    ISDA has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the state of New York.

  • CPE Sponsory

    ISDA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors: 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org

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