Negotiation Strategies: Credit Support Documents for Initial Margin (IM)

Wednesday, April 21, 2021
Online

Member US$275.00

Non-Member US$325.00

Register for Negotiation Strategies: Credit Support Documents for Initial Margin (IM)
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To assist parties who are preparing for initial margin implementation, this virtual conference will provide a focused, in-depth examination of specified terms and considerations for negotiating Credit Support Documents for Initial Margin (IM) including relevant sections of the Credit Support Annex for Initial Margin (IM) (Security Interest – New York Law), 2018 Credit Support Deed For Initial Margin (IM) (Security Interest – English Law) and other “next generation” regulatory initial margin documents. This conference will also demonstrate how negotiations can be automated and streamlined through online negotiation platforms like ISDA Create.

This conference will assume delegates have some familiarity with the material on initial margin requirements and documentation covered in ISDA’s companion conference “Documentation and Legal Aspects of Initial Margin Rule Implementation”.

 

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

 

This is an ISDA Virtual Conference:

  • Event will be live on April 21, 2021 from 9:00 AM – 12:00 PM EDT |  Timezone Converter
  • Miss part of the event or aren’t able to watch live? The recording will be available to registrants until May 21, 2021

 

Educational Credits

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

3 CPE Credit Hours Available

2.75 CPD Credit Hours Available (England and Wales)

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Wednesday, April 21, 2021

Print Agenda Negotiation Strategies: Credit Support Documents for Initial Margin (IM) for

9:00 AM Introduction and Welcoming Remarks Mark New

Mark New, Senior Counsel, Americas, ISDA

9:05 AM Negotiating Credit Support Documents for Initial Margin (IM) Rubina Ali, Adam Lapidus, Darren A. Littlejohn, Greg O’Donohue, Hannah Patterson

  • Completing the Regime Table
    • Selecting Regimes
    • Whether the ISDA SIMM™ Exception should apply
    • Fallback to Mandatory Method
  • One Way Provisions
  • Applying the ISDA SIMM as the Method (IM) and choosing which version
  • Alternative approaches for sensitivities
  • Deciding whether to specify certain terms in the Control Agreement Eligible Collateral (IM) Schedule or the Eligible Collateral (IM) Schedule
  • Base Currency
  • Substituted Regimes
  • Selection of Margin Approach
  • Considerations for what to specify for:
    • Calculation Agent (IM)
    • Threshold (IM)
    • Minimum Transfer Amount (IM)
    • Calculation Date Location (IM), Calculation Time (IM) and Notification Time
Rubina Ali, Vice President & Senior Counsel, Goldman Sachs & Co. LLC
Adam Lapidus, Senior Associate, Hogan Lovells US LLP
Darren A. Littlejohn, Partner, Fried, Frank, Harris, Shriver & Jacobson LLP
Greg O’Donohue, Director and Associate General Counsel, Derivatives, Ontario Teachers' Pension Plan
Hannah Patterson, Managing Practice Development Lawyer, Linklaters LLP

10:30 AM Break

10:40 AM Negotiating Credit Support Documents for IM (continued) Rubina Ali, Adam Lapidus, Darren A. Littlejohn, Greg O’Donohue, Hannah Patterson

  • Specified Conditions and Access Conditions
  • Substitution Consent and Dispute Resolution
  • Negotiating terms within Secured Party Rights Event and Notice of Exclusive Control provisions
  • Negotiating terms within Pledgor Rights Event provision
  • Specifying Custody Arrangement terms
    • Custodian (IM)
    • Custodian (IM) Risk
    • Custodian Event and Custodian Event End Date
  • Considerations for making the Control Agreement as a Credit Support Document, applying inconsistency with the Control Agreement and relationship with the Control Agreement
  • Collateral Access Breach Additional Termination Event and Collateral Access Breach End Date
  • Additional information relating to Regulatory Compliance and Concentration Limits
  • Amendment to “Termination Currency and Minimum Transfer Amount”
Rubina Ali, Vice President & Senior Counsel, Goldman Sachs & Co. LLC
Adam Lapidus, Senior Associate, Hogan Lovells US LLP
Darren A. Littlejohn, Partner, Fried, Frank, Harris, Shriver & Jacobson LLP
Greg O’Donohue, Director and Associate General Counsel, Derivatives, Ontario Teachers' Pension Plan
Hannah Patterson, Managing Practice Development Lawyer, Linklaters LLP

12:00 PM Conference Concludes

Agenda is subject to change.

Register Now for Negotiation Strategies: Credit Support Documents for Initial Margin (IM)
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Rubina Ali

Vice President & Senior Counsel

Goldman Sachs & Co. LLC

Adam Lapidus

Senior Associate

Hogan Lovells US LLP

HoganLovells

Darren A. Littlejohn

Partner

Fried, Frank, Harris, Shriver & Jacobson LLP

Mark New

Senior Counsel, Americas

ISDA

ISDAConferences

Greg O’Donohue

Director and Associate General Counsel, Derivatives

Ontario Teachers' Pension Plan

OTPP

Hannah Patterson

Managing Practice Development Lawyer

Linklaters LLP

LinklatersLLP

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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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