Understanding the ISDA Master Agreements

ISDAマスター契約コンファレンス

Wednesday, January 22, 2020
Fukuracia Marunouchi OAZO | フクラシア丸の内オアゾ
Tokyo

Member $650 U.S.

Non-Member $750 U.S.

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Wednesday, January 22, 2020

Print Agenda Understanding the ISDA Master Agreements for

8:30 AM Registration and Morning Coffee | 受付

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

Tomoko Morita, Senior Director and Head of Tokyo Office, ISDA

9:10 AM The 2002 ISDA Master Agreement | 2002年版ISDAマスター契約 Motoyasu Fujita, Seiji Matsuzoe, 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

 

Motoyasu Fujita, Partner, Capital Markets Group (Structured Finance & Derivatives), Linklaters
Seiji Matsuzoe, Partner, Baker & McKenzie (Gaikokuho Joint Enterprise)
Daisuke Tanimoto, Partner, Anderson Mori & Tomotsune

10:50 AM Morning Break | 休憩

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

12:30 PM Lunch | 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

 

Shimpei Nakada, Counsel, Nishimura & Asahi
Toshiyuki Yamamoto, Associate, Nishimura & Asahi

3:10 PM Afternoon Break | 休憩

3:30 PM Close-outs Under the ISDA Master Agreements | ISDAマスター契約に基づく一括清算 Hiroaki Usui

This session will cover the operation of the Close-out provisions of the ISDA Master Agreement (1992 and 2002 versions) from the point of view of what to look out for when deciding whether and/or when to Close-out, issues related to Close-out such as the giving of notices under the ISDA Master Agreement and practical considerations drawing upon market examples.

 

本セッションでは、1992年版及び2002年版マスター契約に基づく一括清算手続きに関し、具体的な決定や通知のタイミング等の実務について実例を用いて解説を行います。

 

Hiroaki Usui, Deputy Head of Transaction Legal, Executive Director, Transaction Legal Department, Nomura Securities Co., Ltd.

4:15 PM ISDA Netting Opinions | ISDAネッティング・オピニオン

In this session, the speaker will provide an introduction to the netting opinions that ISDA publishes in relation to the ISDA Master Agreement and consider the key issues that they address.

 

本セッションでは、ISDAが公表するネッティング・オピニオンの概要とオピニオンを確認する際に検討すべき重要なポイントについて解説を行います。

 

Speakers to be Announced.

4:45 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15階
Fukuracia Marunouchi OAZO, Marunouchi Kitaguchi Bldg. (OAZO), 15th Floor, 1-6-5, Marunouchi, Chiyoda-ku, Tokyo

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Motoyasu Fujita

Partner, Capital Markets Group (Structured Finance & Derivatives)

Linklaters

Seiji Matsuzoe

Partner

Baker & McKenzie (Gaikokuho Joint Enterprise)

Tomoko Morita

Senior Director and Head of Tokyo Office

ISDA

ISDAConferences

Shimpei Nakada

Counsel

Nishimura & Asahi

Daisuke Tanimoto

Partner

Anderson Mori & Tomotsune

Hiroaki Usui

Deputy Head of Transaction Legal, Executive Director, Transaction Legal Department

Nomura Securities Co., Ltd.

Toshiyuki Yamamoto

Associate

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.

 

参加費は1名様分の料金です。1名分のお申込みで複数の方はご参加いただけません。
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 $650 U.S.

Non-Member $750 U.S.

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Introductory

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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