Price category: B
Date: See Agenda
Location: Amsterdam
Duration: 1 Day
Time: 09:00 - 17:00
Language: NL / EN
Lecturer(s): Ernst van den Broek
PE points:  7

Introduction:

This training will give delegates a practical understanding of Derivatives and EMIR regulation. EMIR is the new European legislation for derivatives transactions. In response to the credit crisis in 2008 and the bankruptcy of Lehman Brothers, the political leaders of the G-20 set the objective to make trade and risks in OTC derivatives more transparent and to let settlement partially bound to take place through central counterparties. In the EU, the European Market Infrastructure Regulation (EMIR) is the result. The purpose of EMIR is making the market safer and more transparent by reducing counterparty, operational and systemic risks related to OTC derivative transactions.

Learning objectives:

After the course delegates are able to:

• Identify the different types and mechanics of derivatives
• To provide a good understanding of Derivatives and EMIR to participants
• Understand the high level life cycle of derivatives for people who need to get derivatives into context for their position
• After the course participants will understand how certain OTC derivatives and EMIR relate to each other
• Understand the risks of derivative products

Target group:

• Derivatives Sales and Buy side of the derivatives market such as (semi-) governmental agencies, building societies etc.
• Audit & Legal staff
• Derivatives lawyers
• Documentation officers
• Risk managers
• Collateral managers
• Treasury managers

Content:

• OTC versus Exchange traded Derivatives
• Types of Derivatives
• Central Clearing for certain classes of OTC Derivatives
• Classification of both financial counterparties and non- financial counterparties
• Counterparties and the different possibilities for the reporting obligation
• Third counterparty
• Mandatory Clearing
• Reporting Obligation
• Risk mitigation techniques
• Initial & Variation Margin
• Impact of EMIR
• CCP
• Trade repositories
• New Regulatory Technical Standards (RTS) 2015 and all RTS drafts

Methodology:

• The participants will receive an (English) written handout
• The course will be supported by a Power Point presentation
• At the end of the course the participants will be given a certificate of completion.

Extra:

VAT is not applicable on Investment Academy training