ISDA Virtual Conference: Documentation and Legal Aspects of Initial Margin Rule Implementation

IM Requirements, ISDA Documentation, and Custodial Documentation & Onboarding

Wednesday, October 14, 2020
Online


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

For market participants who will be or anticipate becoming subject to initial margin (“IM”) exchange requirements under the uncleared margin rules in 2021 (Phase 5) and beyond, and their advisors, this conference will provide delegates with an overview of the IM regulatory requirements in the US, EU and Asia-Pacific region. It will also provide delegates with an understanding of ISDA’s new IM credit support documentation and implications of various elections 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 an ISDA Virtual Conference:

  • Event will be live on October 14, 2020 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 November 14, 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

 

Educational Credits

3 CPD Credit Hours Available (Hong Kong)

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

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Wednesday, October 14, 2020

Print Agenda ISDA Virtual Conference: Documentation and Legal Aspects of Initial Margin Rule Implementation for

9:00 AM Introduction and Welcoming Remarks Jing Gu

Jing Gu, Head of Legal, Asia Pacific, ISDA

9:05 AM Initial Margin Requirements for Uncleared Swaps Jing Gu

A large number of counterparties are expected to come into scope of initial margin requirements for non-cleared derivatives in 2021.  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, 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
Jing Gu, Head of Legal, Asia Pacific, ISDA
Additional Speakers to be Announced.

10:00 AM Break

10:10 AM Understanding the Next Generation of IM Documentation for Phase 5 Implementation and Beyond Max Allan, Monica Chiu, Francis Edwards, I-Ping Soong

This session will provide delegates with an understanding of the new 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 specific documents designed for use where the IM is held in a Euroclear or Clearstream account.

Max Allan, Partner, King & Wood Mallesons
Monica Chiu, Senior Counsel, Asia Pacific, ISDA
Francis Edwards, Partner, Clifford Chance
I-Ping Soong, Counsel, Capital Markets, Linklaters

10:45 AM Break

10:50 AM Understanding the Next Generation of IM Documentation for Phase 5 Implementation and Beyond (continued)

11:35 AM Break

11:45 AM Custodial Documentation and Onboarding Jing Gu, O’Delle Burke, Filippo Santilli, Luc Vantomme

Setting up segregated accounts 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: Jing Gu, Head of Legal, Asia Pacific, ISDA
O’Delle Burke, Executive Director, Head of APAC Collateral Services, J.P. Morgan
Filippo Santilli, APAC Head of Liquidity & Segregation, BNY Mellon
Luc Vantomme, Chief Commercial Officer APAC, Euroclear SA/NV

12:45 PM Conference Concludes

Agenda is subject to change.

Register Now for ISDA Virtual Conference: Documentation and Legal Aspects of Initial Margin Rule Implementation
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Max Allan

Partner

King & Wood Mallesons

O’Delle Burke

Executive Director, Head of APAC Collateral Services

J.P. Morgan

Monica Chiu

Senior Counsel, Asia Pacific

ISDA

ISDAConferences

Francis Edwards

Partner

Clifford Chance

Clifford_Chance

Jing Gu

Head of Legal, Asia Pacific

ISDA

ISDAConferences

Filippo Santilli

APAC Head of Liquidity & Segregation

BNY Mellon

I-Ping Soong

Counsel, Capital Markets

Linklaters

Luc Vantomme

Chief Commercial Officer APAC

Euroclear SA/NV

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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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