New 2021 ISDA Interest Rate Definitions (APAC)

Tuesday, August 10 to Wednesday, August 11, 2021
Online

Member US$275.00

Non-Member US$325.00

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Tuesday, August 10, 2021

Print Agenda New 2021 ISDA Interest Rate Definitions (APAC) for

Day 1: Tuesday, August 10, 2021

3:00 PM Introduction and Welcoming Remarks Jing Gu

Jing Gu, Head of Legal, Asia Pacific, ISDA

3:10 PM Structure of the 2021 ISDA Interest Rate Derivatives Definitions 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.

Rick Sandilands, Senior Counsel, Europe, ISDA
Deepak Sitlani, Partner, Linklaters LLP

3:40 PM 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

4:00 PM 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, Senior Director, Market Infrastructure and Technology, ISDA
Tamsin Rolls, Executive Director and Assistant General Counsel, J.P. Morgan

4:30 PM Break

4:35 PM 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, Director, Market Infrastructure and Technology, ISDA
Rick Sandilands, Senior Counsel, Europe, ISDA
Deepak Sitlani, Partner, Linklaters LLP

5:35 PM End of Day 1

Day 2: Wednesday, August 11, 2021

3:00 PM Opening Remarks Jing Gu

Jing Gu, Head of Legal, Asia Pacific, ISDA

3:05 PM 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, Senior Director, Market Infrastructure and Technology, ISDA

3:50 PM Break

4:00 PM Implementation Jonathan Martin, Xavier Baudez, Danny Tang, Paul Wylie

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?

Moderator: Jonathan Martin, Senior Director, Market Infrastructure and Technology, ISDA
Xavier Baudez, Executive Director, Head of Product Management APAC – MarkitSERV, IHS Markit
Danny Tang, Senior Vice President, OTC & FIC Business Development, Hong Kong Exchanges and Clearing Limited (HKEX)
Paul Wylie, Head of Risk Asia-Pacific, LCH

Additional Speakers to be Announced.

5:00 PM Conference Concludes

Agenda is subject to change.

Register Now for New 2021 ISDA Interest Rate Definitions (APAC)
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Xavier Baudez

Executive Director, Head of Product Management APAC – MarkitSERV

IHS Markit

Simon Firth

Partner

Linklaters LLP

LinklatersLLP

Jing Gu

Head of Legal, Asia Pacific

ISDA

ISDAConferences

Michelle Hurd

Director, Market Infrastructure and Technology

ISDA

ISDAConferences

Jonathan Martin

Senior Director, Market Infrastructure and Technology

ISDA

ISDAconferences

Tamsin Rolls

Executive Director and Assistant General Counsel

J.P. Morgan

jpmorgan

Rick Sandilands

Senior Counsel, Europe

ISDA

ISDAConferences

Deepak Sitlani

Partner

Linklaters LLP

LinklatersLLP

Danny Tang

Senior Vice President, OTC & FIC Business Development

Hong Kong Exchanges and Clearing Limited (HKEX)

Paul Wylie

Head of Risk Asia-Pacific

LCH

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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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Introductory

Basic knowledge of derivatives is beneficial but not mandatory. Some knowledge of financial markets is assumed. No advance preparation is required.

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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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