Training

Collateral and the ISDA® Credit Support Annex under English Law

 One day course

1.The practicalities of taking collateral.

Why take it? 

  • Collateral types
  • Factors affecting choice of collateral.
  • Getting the collateral balance right.
  • Haircuts
  • Varying collateral
  • Controlling collateral
  • Operating procedures

2. Legal issues relating to collateral.

  • Capacity
  • Pledge and title transfer approaches
  • Recharacterisation risk
  • PRIMA
  • Governing law
  • Suspect periods
  • The European Directive on Financial Collateral Arrangements.

3. The ISDA® Credit Support Annex (English law).

  • Detailed analysis of provisions.
  • Commonly made amendments with examples. 

4. Other collateral documentation.  

5. Two case studies or a practical negotiation exercise.

Training is charged at an agreed daily rate plus Value Added Tax.

ISDA® is a registered trade mark of the International Swaps and Derivatives Association, Inc. The programme is neither sponsored by nor affiliated with the International Swaps and Derivatives Association, Inc.

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Testimonials

Useful and thought provoking

"Paul Harding gave documentation, legal and credit employees a one day seminar on the 1992 ISDA Master Agreement and ISDA Credit Support Documents. The presentations were straightforward and interactive and everybody learned a great deal about these subjects. The final case study was also useful and thought provoking."

North American bank