The headline topics for the full-day course will be:

Morning

  • Exchange vs OTC
  • What is a CCP?
  • Why Clear?
  • How to Clear? – Contractual Relationships
  • Cash products: Repos and Equities
  • Futures and Options
  • Swaps
  • Risk and Default Management
  • The G20 Commitments
  • EMIR:
    • Mandatory clearing
    • Segregation
    • Porting and Leap-Frogging
    • CCP Governance
    • Frontloading

Afternoon

  • Dodd-Frank
  • MIFID 2/MIFIR
  • The Politics of Clearing
  • CCP Recovery and Resolution
  • Documentation:
    • Navigating CCP Rulebooks
    • Futures and Options Agreements/ISDAs
    • The Addendum
    • The Clearing Module
    • Execution Agreements
  • Cross-margining
  • The Future of Clearing
  • The Next Crisis?