Description

Risk mitigation is critical to running a business, and it takes on even greater importance during volatile economic times. The International Swaps and Derivatives Association (ISDA) has developed its Master Agreement, which is today the internationally accepted documentation standard for the private negotiation of derivatives, to help contractors conduct their business in an open, transparent, manner, according to commonly accepted rules. If your organization utilizes over-the-counter derivatives to manage financial market risks, your people need to grasp ISDA documentation.

GuyLaine Charles has the professional background and classroom experience to bring understanding to this complex documentation. GuyLaine has dealt with energy contracts for more than a decade at major law firms in both Canada and the United States. In her present position as Partner at Teigland-Hunt LLP in New York, Guylaine has led numerous seminars on ISDA and NAESB for clients, universities, and conferences.

During this 2-day course, participants will be introduced to the ISDA architecture for energy transactions. The “Master Agreement” concept and structure will be discussed, and GuyLaine will provide a section-by-section review of the 2002 Master Agreement and how it differs from the 1992 Master Agreement. The course participants will also be introduced to the 2005 Commodity Definitions, the Credit Support Annex (the CSA), the Power Annex, and the Gas Annex. Once the fundamentals have been acquired, the class will go through the “Top 10” negotiated issues under the ISDA Master Agreement and the “Top 5” issues under each of the CSA and the annexes. The class will be challenged to consider how best to negotiate these issues and to assess the risks they represent to their organizations.

A continental breakfast and catered lunch will be provided both days.

Key Details

Price:
$945 + GST
2 Day Suite: NAESB and the ISDA Documentation, $1695 + GST
Early-bird Pricing (Registered a month in advance): $895 + GST
Course Level: Intermediate
Catering Included: Yes
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Course Outline

Introduction – Purpose & Objectives of the ISDA Training Program

  • Overview of the ISDA Master Agreement
  • Scope of ISDA Documentation
  • “Master Agreement” Concept and Structure
  • Brief explanation of how ISDA has introduced physical and financial commodity transactions as part of its documentation library
  • Overview of other industry documentation and relationship to ISDA documentation
  1. Anatomy of the 2002 ISDA Master Agreement – Section by Section Review of ISDA Master Agreement Provisions
  2. Differences between the 1992 and 2002 ISDA Master Agreements
  3. “Top 10” Negotiated Issues under the 2002 ISDA Master Agreement
  4. Practical Exercises
  5. Credit Support Annex
  6. ISDA Power Annex and Gas Annex
  7. Overview of the ISDA Commodity Definitions
  8. Implications of the legislative changes implemented or contemplated with respect to over-the-counter derivatives
  9. Closing Remarks

Key Learning Objectives

  • Introduction to the ISDA agreement architecture as it relates to energy transactions
  • Section-by-section review of the 2002 Master Agreement and how it differs from the 1992 Master Agreement
  • Analysis of the 2005 Commodity Definitions, the Credit Support Annex (“CSA”), the Power Annex, and the Gas Annex
  • Introduction and analysis of practical issues – “Top 10” negotiated issues under the ISDA Master Agreement and “Top 5” issues under the CSA and annexes

Support Materials & Assessment Tools

Who Should Attend?

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