Discover how and why the ISDA and CSA works.

The International Swaps and Derivatives Association (ISDA) Master Agreement is a foundational document in the world of financial derivatives. This comprehensive course aims to provide participants with a deep understanding of the ISDA Master Agreement, its structure, key provisions, and the legal and operational aspects associated with it.

Who should enrol?

This course is designed for professionals in the financial industry, including lawyers, risk managers, traders, and operations staff, who want to gain a comprehensive understanding of the ISDA Master Agreement and its implications in derivative transactions.

  • Back Office Staff

  • Audit staff

  • Company Secretaries

  • Complaince Teams

  • Credit, Legal and Senior Dealers

Course curriculum

    1. How to navigate through this course

      FREE PREVIEW

    2. Course overview and objectives

      FREE PREVIEW

    3. Course materials

    1. PowerPoint Slides

    2. An introduction to over the counter (OTC) derivatives

    3. Forwards

    4. Swaps

    5. Options and Option Styles

    6. Caps and Floors and Collars

    1. PowerPoint Slides

    2. Who is ISDA?

    3. The Purpose of ISDA

    4. Close out Netting Summary (Source: ISDA Website )

    5. Gross Vs Nett Exposure

    6. Why we need ISDA

    7. Why we need ISDA - Agency ISDA

    8. Legal Risk Management

    9. Compliance Risk Management

    10. Operational Risk Management

    1. PowerPoint Slides

    2. Credit Risk Management Overview

    3. Credit Risk Management (Default to Pay or Deliver)

    4. Credit Risk Management (Credit Support Default)

    5. Credit Risk Management (Cross Default)

    6. Credit Risk Management (Bankruptcy / Insolvency)

    7. Credit Risk Management (Termination Events)

    8. Credit Support Annex (CSA)

    9. Initial & Variation Margin

    10. ISDA Architecture

    11. The ISDA Schedule and Confirmation

    12. Termination Provisions Part 1

    13. Miscellaneous Termination Provisions Part 4

    14. Other Provisions Part 5

    15. Negotiation Process

    16. The ISDA Website

    1. PowerPoint Slides

    2. Mock ISDA Negotiation

    1. Congrats! Heres's what's next...

    2. Before you go...

About this course

  • $399.00
  • 39 lessons
  • 10.5 hours of video content

Course objectives

  • To introduce participants to the world of financial derivatives and their importance in the global financial markets.

  • To provide a detailed overview of the ISDA Master Agreement, its history, and its significance in the derivatives industry.

  • To explore the structure and key components of the ISDA Master Agreement.

  • To examine the legal and operational implications of using the ISDA Master Agreement in derivative transactions.

  • To familiarize participants with common market practices and documentation standards related to ISDA agreements.

  • To discuss the role of ISDA in standardizing derivative documentation and promoting market efficiency.

  • To analyze case studies and real-world examples of ISDA Master Agreement usage.

Pricing

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Instructor

Meet who you will learn with

Paul Clifton

Course Director

Paul is a lawyer who specialises in Derivatives, Derivatives Law, Derivatives Documentation, and Derivatives Regulatory. His company, provides legal, structuring and operational advice in relation to over-the-counter derivatives and exchange traded products to users of derivatives. Paul had done this for investment banks as an in-house lawyer for over sixteen years (five years in London and eleven years in Johannesburg). He is currently Head of Legal for Global Markets for one of South Africa’s big 4 banks where he’s Responsible for the full legal support of the banks Global Markets business across all asset classes and regions (including the UK and Africa).

Testimonials from previous students

“The training was insightful and knowledgeable to my role.”

Sizimutela Chitundu | FNB Zambia

“Enlightening and very informative for persons who have any interaction or engagement with ISDA documentation.”

Christian Witila | Absa Africa

“Well taught training facilitator with indepth knowledege activity, topic”

Bernard Tieku-Anokye | Societe Generale

“Paul was superb,clarity when needed. Excellent!”

Lawrence Kpabiteh | GN Bank Ghana Ltd.

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