6-Hour Program

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Overview

Why you should attend

The credit crisis has led to the most extensive overhaul of financial regulation since the early 20th century. Significant elements of the recent reform involve the regulation of over-the-counter derivatives and the market participants who transact in these products.

A derivative is a financial instrument that allocates the risks and price exposures associated with a designated reference asset or entity between the parties thereto. Derivatives can provide price exposure or price insulation to changes in the price or level of an open-ended range of assets or baskets of assets, including indices, stocks, interest rates, currencies, bonds, commodities, insured risks, credit risks, investment funds, property, the weather and more. Derivatives are used in an infinite variety of ways by commercial, charitable, educational and governmental entities to manage the commercial and financial risks they confront. As the breadth and complexity of derivatives evolve, so too does the complexity of associated documentation and legal issues.

An understanding of the characteristics, documentation and regulation of these instruments is the first step to effective lawyering.

At this program, our distinguished faculty will explain what over-the-counter derivatives are and how they are documented. The faculty will also provide an overview of the new regulatory framework for derivatives and derivatives market participants and explain how the new regulatory framework will affect these markets and market participants.

What you will learn

  • What are over-the-counter derivatives?
  • What are the basic features of fixed income, credit, equity and commodity swaps?
  • How are derivatives commonly traded today?
  • What is the ISDA Master Agreement and how does it work?
  • How will derivatives be regulated?

Who should attend

This program is intended for outside counsel, in-house attorneys, government lawyers, documentation managers, compliance officers, bankers, corporate and other end users of swaps, as well as counsel to derivatives market facilities and others involved in structuring, negotiating and executing swap agreements and other derivate products.

Credit Details