Getting Ready for Phase 5 Initial Margin Implementation

IM Requirements, ISDA Documents & Streamlined IM Negotiation

Wednesday, October 30, 2019
Lenz & Staehelin
Zurich

Member $850 U.S.

Non-Member $975 U.S.

Register for Getting Ready for Phase 5 Initial Margin Implementation
Event begins in:
Days
3
7
Hours
0
9
mins
0
4
secs
4
0

For market participants who will be or anticipate becoming subject to initial margin (“IM”) exchange requirements under the uncleared margin rules in September 2020 (Phase 5), and their advisors, this conference will provide delegates with an overview from both the US and EU perspectives of the IM regulatory requirements. It will also provide delegates with a detailed understanding of ISDA’s new IM credit support documentation and implications of various elections under the documentation in negotiations between counterparties, as well as introduce delegates to documentation that can be used for IM arrangements between custodians and trading counterparties in different jurisdictions, including specific documents designed for use where the IM is held in a Euroclear or Clearstream account. Additionally, the program will provide an overview of the ISDA Create – IM negotiation platform, which allows parties to leverage technology to streamline their IM negotiation process.

Educational Credits

7 CLE Credit Hours Available (New York)
Transitional and Nontransitional

6 CPD Credit Hours Available

Tags: , , ,

Jump to Section:

Wednesday, October 30, 2019

Print Agenda Getting Ready for Phase 5 Initial Margin Implementation for

8:15 AM Registration and Continental Breakfast

8:50 AM Introduction and Welcoming Remarks

9:00 AM Initial Margin Requirements for Uncleared Swaps

A large number of counterparties are expected to come into scope of initial margin requirements for non-cleared derivatives in September 2020 (Phase 5).

This session will provide an overview and comparison of the requirements for posting initial margin under US and EU regulations and their implications for entities coming into scope of the requirements, including:

  • Entity scope and AANA calculations
  • Geographical and transaction scope
  • Initial Margin Requirements, including segregation requirements
  • Documentation and legal review requirements

9:45 AM Deep Dive into US Cross-border Application

The derivatives markets are global, and the rules have significant cross-border application. Being in- or out-of-scope of a regime will impact a firm’s AANA calculations, IM threshold monitoring and potentially documentation negotiation. This session will examine scenarios in which firms outside the US might be in- or out-of-scope of the US rules.

10:30 AM Coffee Break

10:45 AM Understanding the Next Generation of IM Documentation for Phase 4 and Phase 5 Implementation

This session will provide delegates with an understanding of the new ISDA Bookstore 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.

12:15 PM Luncheon

1:15 PM Understanding the Next Generation of IM Documentation for Phase 4 and Phase 5 Implementation (continued)

2:15 PM Coffee Break

2:30 PM Custodial Documentation and Onboarding

Setting up segregated accounts with custodians and entering into necessary documentation is a key part of compliance with initial margin requirements. This session will examine some of the key points to consider from the custodian and user perspectives.

3:30 PM ISDA Create – IM: Leveraging Technology in Streamlining IM Negotiation

This session will provide an overview of the ISDA Create – IM platform and explain how this new technology solution can be used to streamline the negotiation of IM documents.

4:30 PM Conference Concludes

Agenda is subject to change.

Register Now for Getting Ready for Phase 5 Initial Margin Implementation
Back to Top

Lenz & Staehelin, Brandschenkestrasse 24, CH-8027 Zurich, Tel: +41 58 450 80 00

Back to Top

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 prior to the event.

Member $850 U.S.

Non-Member $975 U.S.

Back to Top

Intermediate

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

Back to Top

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

Back to Top

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