Initial Margin (IM) Implementation

IM Regulations, ISDA IM Credit Support Documentation and Custodial Documentation and Onboarding (APAC)

Wednesday, September 29 to Friday, October 29, 2021
Online

Member US$275.00

Non-Member US$325.00

Register for Initial Margin (IM) Implementation

For market participants who anticipate becoming subject to initial margin (IM) exchange requirements under the uncleared margin rules in 2022 (Phase 6), and for their advisors, this virtual conference will provide delegates with an overview from US, EU and Asia-Pacific region perspectives of the IM regulatory requirements. It will also provide delegates with an understanding of ISDA’s new IM credit support documentation and implications of various under the documentation in negotiations between counterparties, as well as introduce delegates to documentation that can be used for IM arrangements between custodians and trading counterparties in different jurisdictions, including specific documents designed for use where the IM is held in a Euroclear or Clearstream account. The conference will also examine key points to consider when entering into custodial relationships related to compliance with initial margin requirements.

 

This is a pre-recorded Virtual Conference

_______________


Recording available until October 29, 2021

 

This is an ISDA Virtual Conference:

  • This is a recording of the Initial Margin (IM) Implementation virtual conference which took place on September 29, 2021
  • Registrants will have access to the recording until 5:00 PM HKT/SGT on October 29, 2021
  • After submitting your registration you will receive a confirmation email with a link to view the documents and recording

 

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Wednesday, September 29, 2021

Print Agenda Initial Margin (IM) Implementation for

9:00 AM Introduction and Welcome Remarks Monica Chiu

Monica Chiu, Senior Counsel, Asia Pacific, ISDA

9:05 AM Initial Margin Requirements for Uncleared Swaps Max Allan, Seong-Koo Cheong, Vimal Motwani

A large number of counterparties are expected to come into scope of initial margin requirements for non-cleared derivatives in 2022. This session will provide an overview and comparison of the requirements for posting initial margin under US and EU regulations as well as regulations in Australia, Korea, Hong Kong and Singapore and their implications for entities coming into scope of the requirements, including:

  • Entity scope and AANA calculations
  • Geographical and transaction scope (including cross-border application of Margin requirements)
  • Initial Margin Requirements, including segregation requirements
  • Documentation and legal review requirements
Max Allan, Partner, King & Wood Mallesons
Seong-Koo Cheong, Partner, Kim & Chang
Vimal Motwani, Director and Assistant General Counsel, Bank of America

10:20 AM Break

10:25 AM Understanding the Next Generation of IM Documentation Monica Chiu, Francis Edwards, Junhee Kim, I-Ping Soong

This session will provide delegates with an understanding of the ISDA Bookstore Documentation (ISDA 2018 Credit Support Annex for Initial Margin (Security Interest – New York Law) and ISDA 2018 Credit Support Deed for Initial Margin (Security Interest – English Law)). The session will focus on elections in the documentation and their implications for negotiation between counterparties. It will also provide an overview of the Collateral Transfer Agreement and Security Agreements that can be used for IM arrangements where the relevant custodian is located in a different jurisdiction from the trading counterparties, including the Korean Law Security Agreement and specific documents designed for use where the IM is held in a Euroclear or Clearstream account.

Monica Chiu, Senior Counsel, Asia Pacific, ISDA
Francis Edwards, Partner, Head of Derivatives and Structured Finance, Greater China, Clifford Chance
Junhee Kim, Legal Counsel, Nomura Financial Investment (Korea) Co., Ltd.
I-Ping Soong, Counsel, Capital Markets, Linklaters

11:05 AM Break

11:10 AM Understanding the Next Generation of IM Documentation (continued)

11:55 AM Break

12:00 PM Custodial Documentation and Onboarding Monica Chiu, O’Delle Burke, Jungtae Ji, Susan Park, Filippo Santilli

Setting up segregation of collateral with custodians and entering into necessary documentation is a key part of compliance with initial margin requirements. This session will examine some of the key points to consider from the custodian and user perspectives.

Moderator: Monica Chiu, Senior Counsel, Asia Pacific, ISDA
O’Delle Burke, Head of Collateral Services APAC/Product Innovation, J.P. Morgan
Jungtae Ji, Assistant Manager, Derivatives & Collateral Services Team, Korea Securities Depository
Susan Park, Director, Senior RM – Global Financial Institutions, Country Head, Korea, Euroclear Bank Hong Kong
Filippo Santilli, Cross Sales APAC, Global Markets Infrastructure, BNY Mellon Hong Kong

12:45 PM Conference Concludes

Register Now for Initial Margin (IM) Implementation
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Max Allan

Partner

King & Wood Mallesons

O’Delle Burke

Head of Collateral Services APAC/Product Innovation

J.P. Morgan

Seong-Koo Cheong

Partner

Kim & Chang

Monica Chiu

Senior Counsel, Asia Pacific

ISDA

ISDAConferences

Francis Edwards

Partner, Head of Derivatives and Structured Finance, Greater China

Clifford Chance

Clifford_Chance

Jungtae Ji

Assistant Manager, Derivatives & Collateral Services Team

Korea Securities Depository

Junhee Kim

Legal Counsel

Nomura Financial Investment (Korea) Co., Ltd.

Vimal Motwani

Director and Assistant General Counsel

Bank of America

Susan Park

Director, Senior RM – Global Financial Institutions, Country Head, Korea

Euroclear Bank Hong Kong

Filippo Santilli

Cross Sales APAC, Global Markets Infrastructure

BNY Mellon Hong Kong

I-Ping Soong

Counsel, Capital Markets

Linklaters

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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 documentation is assumed. No advance preparation is required.

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