Learning Platform - "Trade Compliance & Surveillance"
Course: 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