Middle Office / Credit Derivatives

Course Title:     Middle Office / Credit Derivatives 
Location:           Client Office or difm London Office
PRICE:              For tailored price CALL FREE 08000 828684

Overview of Credit Derivative Products

• Recap of CDSs
• The trade
• Use of CDSs by Fund Managers

Settlement

• Cash v physical settlement
• What is a credit event ?
• Notice of credit event

The 2003 ISDA Credit Derivative Definitions

• An overview of the 2003 Credit Derivative Definitions
• And the May 2003 Supplement
• We look at the main features such as:
• Credit events
• Notices
• Settlement
• Guarantees
• Novation

Confirmations / Discussion

• We discuss the 5 major reasons for outstanding credit derivatives confirmations and what can be done about it ?

Credit Events and ISDA Protocols

• Case Study
• Delphi and Cash Settlement Protocols
• Novation Protocol

Industry Utilities

• DTCC
• Pri Optima
• Mark-it RED

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