Master Agreements

About the Course

Acquiring insight and knowledge of:

• Types of contracts
• Contract specifications
• Legal documentation
• Documenting specific situations
• Master agreements, legal frameworks
• The working of ISDA, EFET and IETA contracts
• Fall back procedures
• Force majeure claims
• Credit support arrangements
• Insolvency and close-out netting

Course Contents

Introduction to master agreements

• To provide the basics and explain what is covered
• General provisions versus commercial terms

Contents of legal frameworks

• About rights & obligations
• Payment due dates, business days, timetables

Types of master agreements

• About ISDA, EFET, GTMA, IETA and SCoTA frameworks
• Terms of Trading

Confirmation process

• About deal confirmation and automized processes
• Confirmation process & confirmation officers in the back office

Settlement process

• Delivery, invoicing and payment, including nomination process
• Physical delivery contracts and 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
• Including collateralisation

Exam & Certification