Understanding the ISDA Master Agreements

Regulatory Changes and Impact on ISDA Documentation Including Japanese Issues | ISDAマスター契約 規制改革のISDAドキュメンテーションへの影響と本邦における検討事項

Tuesday, June 18, 2019
Fukuracia Marunouchi OAZO | フクラシア丸の内オアゾ

Member US$650

Non-Member US$750

Note: This conference will be conducted in Japanese only. (Presentation materials will be prepared in English or Japanese.)





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Tuesday, June 18, 2019

Print Agenda Understanding the ISDA Master Agreements for

8:20 AM Registration and Morning Coffee | 受付

9:00 AM Welcoming Remarks | 開会の挨拶 Tomoko Morita

9:10 AM The 2002 ISDA Master Agreement | 2002年版ISDAマスター契約 Motoyasu Fujita, Noriyuki Katayama, Daisuke Tanimoto


  • Section-by-section analysis of the 2002 ISDA Master Agreement
  • Discussion of key differences between the 2002 ISDA Master Agreement and the 1992 ISDA Master Agreement
  • Measures of damages and close-out methodologies
  • Events of Default and Termination Events
  • Counterparty default management
  • Set-Off provision
  • Interest and Compensation provisions
  • Netting Opinions


  • 各条項の詳細
  • 1992年版との比較
  • 損害の決定とクローズアウトの方法
  • 期限の利益喪失事由と終了事由
  • カウンターパーティのデフォルト時の対応方法
  • 相殺条項
  • 利息および補償条項  
  • ネッティング・オピニオン

10:50 AM Morning Break | 休憩

11:00 AM The 2002 ISDA Master Agreement (continued)

12:30 PM Luncheon | 昼食

1:20 PM Negotiating the Schedule to the 2002 ISDA Master Agreement | スケジュールの交渉 Shimpei Nakada, Toshiyuki Yamamoto

This session will focus on key issues that firms typically negotiate in their Schedule to the 2002 Agreement.  Frequently negotiated Schedule provisions will be discussed:

  • Elections (e.g., Governing Law, Termination Currency)
  • Automatic Early Termination
  • Specified Entities
  • Credit Support Documents and Credit Support Providers
  • Expansions and contractions of defined terms (e.g., Specified Transactions)
  • Cross Default and Threshold Amounts
  • Additional Termination Events
  • What are some examples and why do parties include these?



  • 選択のポイント(準拠法、終了通貨等)
  • 自動的期限前終了
  • 指定組織
  • 信用保証書類と信用保証提供者
  • 定義された用語の拡大及び縮小
  • クロス・デフォルトと極度額
  • その他の終了事由
  • 追加する条項例とその背景

3:10 PM Afternoon Break | 休憩

3:30 PM Regulatory Changes and Impact on ISDA Documentation | 新しい店頭デリバティブ規制のISDAドキュメンテーションへの影響 Akihiro Wani, Yukiko Kido

  • How do Dodd-Frank, EMIR and forthcoming margin rules impact derivatives documentation?
  • How does ISDA Amend facilitate provision of regulatory information?
  • Japanese Issues
  • ISDA 2018 US Resolution Stay Protocol


  • ドッド・フランク、EMIR、証拠金規制がデリバティブ・ドキュメンテーションに及ぼす影響について
  • 規制対応におけるISDAアメンドの役割
  • 本邦参加者に関連する問題
  • ISDA 2018 US Resolution Stay Protocol 等について

5:00 PM Conference Concludes | 閉会

Agenda is subject to change.

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フクラシア丸の内オアゾ 東京都千代田区丸の内1-6-5、丸の内北口ビル16階
Fukuracia Marunouchi OAZO, Marunouchi Kitaguchi Bldg. (OAZO), 16th Floor, 1-6-5, Marunouchi, Chiyoda-ku, Tokyo

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Motoyasu Fujita

Partner, Capital Markets Group (Structured Finance & Derivatives)


Noriyuki Katayama


City-Yuwa Partners

Yukiko Kido

Executive Director & Assistant General Counsel

JPMorgan Securities Japan Co., Ltd.

Tomoko Morita

Senior Director and Head of Tokyo Office



Shimpei Nakada


Nishimura & Asahi

Daisuke Tanimoto


Anderson Mori & Tomotsune

Akihiro Wani

Senior Counselor

Ito & Mitomi (Registered Associated Offices of Morrison & Foerster LLP)

Toshiyuki Yamamoto


Nishimura & Asahi

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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.


同じ会社から3名以上のご参加で、20%の割引が適用となります。同時、および事前にご連絡いただいたグループのみが割引の対象となります。ご希望の方は、conferences@isda.org までお知らせください。

Member US$650

Non-Member US$750

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

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Follow us on Twitter @isdaconferences for the latest on upcoming events. For general questions, including exhibition/sponsorship opportunities, conference topics or location suggestions contact us: conferences@isda.org | +1 212-901-6000