Tue, Aug 10 to Sat, Sep 25, 2021Event Details for New 2021 ISDA Interest Rate Definitions (APAC) Register Now for New 2021 ISDA Interest Rate Definitions (APAC)
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.
Registration for this event will close 2 hours before the live broadcast
This is an ISDA Virtual Conference:
- Event will be live on September 29, 2021 from 9:00 AM – 12:45 PM HKT/SGT | Timezone Converter
- Miss part of the event or aren’t able to watch live? The recording will be available to registrants until October 29, 2021
3.5 CPD Credit Hours Available (Hong Kong)
4 CLE Credit Hours Available (New York) Transitional and Non-Transitional
4 CPE Credit Hours Available
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Wednesday, September 29, 2021Print Agenda Initial Margin (IM) Implementation for
9:00 AM Introduction and Welcome Remarks Monica Chiu
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
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
Agenda is subject to change.
SpeakersBack to Top
King & Wood Mallesons
Head of Collateral Services APAC/Product Innovation
Kim & Chang
Senior Counsel, Asia Pacific
Partner, Head of Derivatives and Structured Finance, Greater China
Assistant Manager, Derivatives & Collateral Services Team
Korea Securities Depository
Nomura Financial Investment (Korea) Co., Ltd.
Director and Assistant General Counsel
Bank of America
Director, Senior RM – Global Financial Institutions, Country Head, Korea
Euroclear Bank Hong Kong
Cross Sales APAC, Global Markets Infrastructure
BNY Mellon Hong Kong
Counsel, Capital Markets
PricingBack to Top
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 email@example.com
Course LevelBack to Top
Some knowledge of derivatives documentation is assumed. No advance preparation is required.
AccreditationBack to Top
ISDA is an accredited provider of continuing education credits by the following organizations:
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.
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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