Getting Ready for Initial Margin Implementation

Tuesday, October 22, 2019
The Fullerton Hotel Sydney (Formerly known as The Westin Sydney)
Sydney

Member $650 U.S.

Non-Member $750 U.S.

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Tuesday, October 22, 2019

Print Agenda Getting Ready for Initial Margin Implementation for

8:15 AM Registration and Morning Coffee

9:00 AM Introduction and Welcoming Remarks Tara Kruse

Tara Kruse, Global Head of Infrastructure, Data and Non-Cleared Margin, ISDA

9:10 AM Initial Margin Requirements for Non-cleared Derivatives Erryan Abdul Samad, Max Allan

A large number of counterparties will come into scope of initial margin requirements for non-cleared derivatives in the later phases of implementation. This session will provide an overview of the regulatory requirements in key jurisdictions.

  • Entity scope and AANA calculations
  • Geographical and transaction scope
  • Segregation requirements
  • Documentation and legal review requirements
Erryan Abdul Samad, Assistant General Counsel, ISDA
Max Allan, Senior Associate, King & Wood Mallesons

9:55 AM Panel Discussion: Implementation of Initial Margin Requirements Erryan Abdul Samad, Scott Farrell, Robert Fievez, Purtini Joshi, David Yun

How will the IM requirements impact firms in Australia? How are firms preparing for the rules? What challenges have already in-scope firms faced and addressed? How will the rules affect cross-border trading?

Moderator: Erryan Abdul Samad, Assistant General Counsel, ISDA
Scott Farrell, Partner, King & Wood Mallesons
Robert Fievez, Director, Financial Services, Risk and Regulation, PwC
Purtini Joshi, Head of Collateral Sales - APAC, The Depository Trust & Clearing Corporation (DTCC)
David Yun, Head of Markets Documentation – Markets Legal, Australia and New Zealand Banking Group Limited

10:55 AM Morning Break

11:15 AM Understanding the Next Generation of IM Documentation Paul Landless, Kendall Park, David Yun, Yu Zhang

This session provides delegates with an understanding of the new IM 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.

Paul Landless, Partner, Clifford Chance LLP
Kendall Park, Lead Lawyer, Initial Margin Project – WIB Legal, Westpac Banking Corporation
David Yun, Head of Markets Documentation – Markets Legal, Australia and New Zealand Banking Group Limited
Yu Zhang, Managing Associate, Allens

12:30 PM Luncheon

1:55 PM Understanding the Next Generation of IM Documentation (continued)

2:40 PM ISDA SIMM Methodology and Calculation Tara Kruse

  • ISDA SIMM background
  • Description of ISDA SIMM
  • Methodology
  • Example to illustrate calculation using methodology
  • Comparison of initial margin from SIMM versus schedule
Tara Kruse, Global Head of Infrastructure, Data and Non-Cleared Margin, ISDA

3:15 PM Afternoon Break

3:35 PM ISDA SIMM Implementation & Governance Robert Fievez, Tara Kruse

  • Data preparation & building the ISDA SIMM
  • ISDA SIMM crowdsourcing utility
  • SIMM monitoring, calibration, backtesting and benchmarking
  • Industry and firm-level governance
Robert Fievez, Director, Financial Services, Risk and Regulation, PwC
Tara Kruse, Global Head of Infrastructure, Data and Non-Cleared Margin, ISDA

4:20 PM Conference Concludes

Agenda is subject to change.

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Erryan Abdul Samad

Assistant General Counsel

ISDA

ISDAConferences

Max Allan

Senior Associate

King & Wood Mallesons

Scott Farrell

Partner

King & Wood Mallesons

kwmlaw

Robert Fievez

Director, Financial Services, Risk and Regulation

PwC

Purtini Joshi

Head of Collateral Sales - APAC

The Depository Trust & Clearing Corporation (DTCC)

Tara Kruse

Global Head of Infrastructure, Data and Non-Cleared Margin

ISDA

ISDAConferences

Paul Landless

Partner

Clifford Chance LLP

Clifford_Chance

Kendall Park

Lead Lawyer, Initial Margin Project – WIB Legal

Westpac Banking Corporation

David Yun

Head of Markets Documentation – Markets Legal

Australia and New Zealand Banking Group Limited

Yu Zhang

Managing Associate

Allens

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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. Groups must be registered together, in advance of the event. To register your group, please email conferences@isda.org.

Member $650 U.S.

Non-Member $750 U.S.

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Intermediate

Some knowledge of derivatives documentation is assumed. No advance preparation is required.

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