Legal Risk Management of OTC Derivatives

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Euromoney Legal Training and this course are neither endorsed by, nor affiliated with, ISDA®.

Course overview

This new course focuses on controlling credit, business, and legal risk of OTC derivatives through market standard documentation.  This course also provides an analysis of anticipated legislation and regulatory changes in the world financial markets with respect to OTC derivatives

The programme provides an overview of the classic risks confronted by participants and the development by the industry of standard documentation and market practices. In particular, the programme will discuss the rights to terminate an ISDA® Master Agreement and termination procedures, using the recent collapse of Lehman Brothers as a case study of the process.

In addition, the course will also review the use of credit support such as the ISDA® Credit Support Annex, guarantees and letters of credit to secure a party's exposure to its counterparties. The role and responsibilities of directors and officers in the process will also be analyzed as well as looking at prominent examples of failures in the derivatives market. Lawyers, negotiators, credit officers, relationship managers, and others involved in the use and documentation of OTC derivatives will develop a core understanding of the management of risk through OTC derivative documentation.

This course will help you:

  • Analyse crucial legal risk management techniques and principles
  • Understand the key risk areas when trading OTC derivatives
  • Thoroughly review the Lehman failure and its effects on outstanding derivative transactions
  • Examine the principal legal, business and credit risk issues negotiated in industry standard documentation
  • Understand the risks (and how to mitigate the risks) involved in guarantees and collateral documentation
  • Minimise errors and risks in trade capture and confirming the transactions

Who should attend:

  • Risk officers
  • Lawyers
  • Negotiators
  • Credit officers
  • Relationship managers
  • Those involved in the use and documentation of OTC derivatives

ISDA® is a registered trade mark of the International Swaps and Derivatives Association.

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