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ISDA Master Agreement

Level 3

ecological-concept-greenhouse-gas-emissi
12 iunie 2024

The "ISDA –General Agreement" course takes place online, being designed to provide participants with details about energy financial contracts.

Taking into consideration advantages of financial transaction, more and more often such deals in Electricity market are concluded. One of the most important contractual background established for financial deals is ISDA Master Agreement. This is the standard document regularly used to govern over-the-counter derivatives transactions. The agreement, which is published by the International Swaps and Derivatives Association (ISDA), outlines the terms to be applied to a derivatives transaction between two parties, typically a derivatives dealer and a counterparty. The ISDA Master Agreement itself is standard, but it is accompanied by a customized schedule and sometimes a credit support annex, both of which are signed by the two parties in a given transaction

 

 

This course is organized in collaboration with Entrima, founded (2014) to provide a solution to market participants for the influx of regulation of capital and energy markets. Various regulatory packages require staff training; education being a mandatory part of the compliance framework. Interpretation of case studies requires specific knowledge of markets, products, prices and trading, as well as value chains of metals, agricultural products, oil, gas, coal and electricity.

Curricula

  • Introduction to master agreements

    • Basics and what is covered

    • General provisions versus commercial terms

  • Contents of legal frameworks

    • rights & obligations

    • Payment due dates, business days, timetables

  • Types of master agreements

    • About ISDA, EFET, GTMA, IETA and SCoTA frameworks

    • Terms of Trading

  • ISDA master agreement

    • Supported transactions

    • Implied parties

    • Requirements

  • Negotiating the Schedule to the ISDA Master Agreement

  • Confirmation process

    • About deal confirmation and automatized processes

    • Confirmation process & confirmation officers in the back office

  • Settlement process

    • Delivery, invoicing and payment

    • Cash settlement contracts

  • Netting

    • About bilateral netting, multilateral netting & close-out netting

    • Including exposure netting & payment netting

  • Defaults

    • What are termination processes? When can these occur?

    • When can force majeure be claimed? What does it concern?

  • Credit support annex

    • About amendments to master agreements such as CSAs

    • Collateralisation

  • ISDA Agreement advantages

Cost

  • 2600 lei/person;

AFEER members:  

  • 1690 lei/person 

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