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

 

Our Labels

Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.
 
 


Content & Context

Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

www.entrima.org


Conduct & Culture

MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.

www.marketabusecentre.com