New 2021 ISDA Interest Rate Definitions

Thursday, June 24, 2021
Online

Member US$275.00

Non-Member US$325.00

Register for New 2021 ISDA Interest Rate Definitions
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Registration for this event will close 2 hours before the live broadcast

 

This is an ISDA Virtual Conference:

  • Event will be live on June 24, 2021 from 8:35 AM - 12:55 PM EDT  |  Timezone Converter
  • Miss part of the event or aren't able to watch live? The recording will be available to registrants until July 24, 2021.

 

Educational Credits

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

4.5 CPE Credit Hours Available

3.75 CPD Credit Hours Available (England and Wales)

Print Agenda New 2021 ISDA Interest Rate Definitions for

8:35 AM Introduction and Welcoming Remarks Rick Sandilands

Rick Sandilands, Senior Counsel, Europe, ISDA

8:45 AM Structure of the 2021 ISDA Interest Rate Derivatives Definitions Andrew Kayiira, Rick Sandilands, Deepak Sitlani

An overview of the structure of the definitional booklet, matrices and ancillary documentation, including an introduction to ISDA’s MyLibrary, the web-based user interface on which the definitional booklet has been published.

Andrew Kayiira, Managing Partner, Eden Point Partners and Consultant to ISDA
Rick Sandilands, Senior Counsel, Europe, ISDA
Deepak Sitlani, Partner, Linklaters LLP

9:15 AM Role of the Calculation Agent and Challenging Determinations Simon Firth, Rick Sandilands

An explanation of how the Calculation Agent’s standard has changed under the 2021 Definitions and what it means in practice. This session will look at provisions in the 2021 Definitions which empower the parties to request more information or challenge determinations made by the Calculation Agent in relation to the Cash Settlement and Generic Fallback provisions.

Simon Firth, Partner, Linklaters LLP
Rick Sandilands, Senior Counsel, Europe, ISDA

9:35 AM Days, Periods, Dates and Conventions Jonathan Martin, Tamsin Rolls

This session will look at the new concept of an ‘Unscheduled Holiday’ in relation to payment dates and period end dates as well as the new day count fractions that have been introduced into the 2021 Definitions and how Business Days are dealt with compared with the 2006 Definitions.

Jonathan Martin, Director, Market Infrastructure and Technology, ISDA
Tamsin Rolls, Executive Director and Assistant General Counsel, J.P. Morgan

9:55 AM Break

10:00 AM Floating Rate Options and Fallbacks Michelle Hurd, Rick Sandilands, Deepak Sitlani

The way in which benchmarks are represented in the 2021 Definitions has changed from narrative to tabular format. This session will look at the reasons behind the changes and what it means in practice. The 2021 Definitions builds on the work recently undertaken for the 2006 ISDA Definitions in relation to fallbacks by introducing temporary non-publication, index cessation and administrator/benchmark events in order to improve contractual robustness. This session looks at the standardized and bespoke fallbacks included in the 2021 Definitions and acknowledgement regarding changes to benchmarks.

Michelle Hurd, Assistant Director, Market Infrastructure & Technology, ISDA
Rick Sandilands, Senior Counsel, Europe, ISDA
Deepak Sitlani, Partner, Linklaters LLP

11:00 AM Break

11:05 AM Cash Settlement Provisions Simon Firth, Jonathan Martin

The Cash Settlement provisions in the 2006 Definitions have not kept pace with the evolution of the markets. The 2021 Definitions seek to provide more robust and less discretionary methodologies that better reflect modern practices.

Simon Firth, Partner, Linklaters LLP
Jonathan Martin, Director, Market Infrastructure and Technology, ISDA

11:50 AM Break

11:55 AM Implementation Guy Gurden, Brian Lynn, Jonathan Martin, Owen Taylor

An implementation date of 4th October 2021 has been scheduled for use of the 2021 ISDA Definitions. What does this mean for cleared and on-venue trades? How will FpML and critical middleware be updated to facilitate their adoption? What steps should market participants be taking in preparation? What does it mean for the 2006 ISDA Definitions?

Guy Gurden, Managing Director, Platforms and Regulatory Compliance, IHS Markit
Brian Lynn, President and Chief Technology Officer, Global Electronic Markets, Inc.
Jonathan Martin, Director, Market Infrastructure and Technology, ISDA
Owen Taylor, Head of Legal – Rates and FX Derivatives, LCH
Additional Speakers to be Announced.

12:55 PM Conference Concludes

Agenda is subject to change.


Venue Location:


2021 International Swaps and Derivatives Association, Inc.
ISDA is a registered trademark of the International Swaps and Derivatives Association, Inc.