Derivatives

Pre-Conference Interactive Workshops | January 20, 2010

9:30 a.m. – 12:30 p.m. (Registration begins 9:00 a.m.)
A: Fundamentals of Derivatives Transactions

Lisa Mantello
Goodmans LLP

This pre-conference workshop will provide you with a solid foundation of the different types of derivatives, the regulatory framework, the pros and cons of using derivatives and best practices for documentation and negotiation of annexes. Attend this workshop to get up to speed on the essential elements of derivatives before the conference begins.

Workshop topics will include:

• Case study analysis:
• Learning to identify and distinguish between Exchange Traded and Over the Counter derivatives
• Pros and cons of using and trading the different types
• Tips and tools to identify and manage the applicable risks
• Breaking down derivatives based on the underlying:
• Credit
• Equity
• Commodity
• Foreign exchange index
• Understanding the difference uses of derivatives:
• Speculation
• Hedging
• Arbitrage
• Best practices and risk management of:
• Interest rates
• Currency forwards
• Swaps
• Options
• Valuation of derivatives
• Regulation of derivatives: exploring the framework and regulatory bodies

1:30 p.m. – 4:30 p.m. (Registration begins 1:00 p.m.)
B: Understanding and Utilizing the 2002 ISDA® Master Agreement*

Omar Hamam
Senior Counsel
Royal Bank of Canada

Victoria B. Wilson
Senior Counsel
Bank of Montreal

North American companies are increasingly using the revised 2002 ISDA® Master Agreement. Derivatives markets are significantly impacted by the new agreement. From calculating payments upon an event of a default to set-off provisions, the agreement contains many complex provisions. This session is of interest to external counsel, in-house counsel, end-users and bankers participating in this rapidly changing area.

In this intensive, hands-on workshop, leading practitioners will provide you with the information you need to know for navigating through the complexities and uncertainties arising from the new documentation.

Workshop topics will include:

• Key provisions to the 2002 ISDA® Master Agreement
• The differences between the 1992 and 2002 ISDA® Master Agreements
• Pros and Cons of Using the 1992 and 2002 ISDA® Master Agreements
• Practical exercises for negotiating:
• Automatic early termination
• Additional termination events
• Netting of payments
• Credit support document/ credit support provider

*The Canadian Institute and this conference are in no way affiliated with ISDA®

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