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

 

This is a 2 Day ISDA Virtual Conference:

  • Event will be live on August 10, 2021 from 3:00 PM - 5:35 PM and August 11, 2021 from 3:00 PM - 5:00 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 September 11, 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.


Venue Location:


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