1-Day Program

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Overview

Why You Should Attend

Over-the-counter (OTC) derivatives are key elements in many of our financial markets.  The Dodd-Frank Act and other regulations have changed and are continuing to change how these important instruments are regulated and transacted. This program will introduce you to both the instruments and their current environment.

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. OTC derivatives have been bilaterally traded for many years. They are now becoming subject, in some cases, to required clearing and exchange-type trading. An understanding of the current regulations and 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 OTC derivatives have been, what they are becoming and how they are documented. The faculty will also provide an overview of the regulatory framework for OTC derivatives and OTC derivatives market participants and explain how the regulatory framework is affecting these markets and market participants.

What You Will Learn

After completing this program, participants will be able to:

  • Identify OTC derivatives
  • Comprehend the basic features of interest, credit, equity and commodity swaps
  • Have a basic understanding of how derivatives are regulated
  • Grasp how derivatives are commonly traded today
  • Know what changes in trading methods are occurring
  • Better understand the ISDA Master Agreement and how it works
  • Recognize additional documentation that has appeared in response to market changes
  • Restate how OTC derivatives are being 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 OTC derivative products.

Program Level: Basic

Prerequisites: An interest in swaps and derivatives.

Advanced Prep: None
Topics

Credit Details

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