OTC Derivatives - header
OTC Derivatives - header
OTC Derivatives - header

Learning outcomes

Training Description

Since the Global Financial Crisis in 2008, OTC Derivatives have been subject to momentous changes in their regulation, affecting all firms that indulge in these financial products. However, for many people working within the financial services industry OTC Derivatives remain a complex mystery and a real challenge to understand.

Derivatives are nowadays a global phenomenon; many types of derivative product have been introduced to mitigate risks of investors and other institutions such as banks. For those that are not involved in such products on a day-by-day basis, understanding of the purpose of each product type is not easy to ascertain, thereby making the understanding of associated operational actions (e.g. trade processing and collateral management) challenging to comprehend.  For each product, its purpose and possible outcomes must be well understood by operations and other personnel within financial institutions to provide top quality servicing of clients and to avoid processing losses. Therefore, it is essential that those financial specialists involved in derivative processing and associated collateral management, understand the overall picture to identify risk situations as early as possible in the transaction life cycle.

Course Style

Delegates will find this event to be fast-paced and highly interactive, with the course director at all times encouraging the delegates to ask questions and to seek clarification of concepts. In order to maximise the learning opportunity, delegates are encouraged to actively participate throughout the course. Delegates can expect to undertake multiple exercises and simulations (working either individually or as part of a small ‘firm’), enabling the delegates to prove their understanding of the many concepts covered.

 

By the end of the MasterClass, the participants will:

  • Be aware of the fundamental purpose and structure of derivative products
  • Understand the similarities/differences between exchange traded derivatives and OTC derivatives
  • Recognize the processing life cycle of a range of derivative products
  • Understand what causes exposures in OTC Derivative trades and the purpose of collateral
  • Appreciate the role of legal documentation and associated collateral management
  • Comprehend the reasons for and detail of the EMIR regulation
  • Understand the treatment of both centrally cleared and non centrally cleared trades

Appreciate the many practical difficulties, challenges and risks.

Training Schedule

Day one

  • 08:45 Registration

  • 09:00 Welcome & Introductions

  • 09:15 SESSION 1: Fundamental Derivative Concepts

  • 10:30 Tea, Coffee, Networking

  • 10:45 SESSION 2: Exchange Traded Derivatives (Overview)

  • 12:00 SESSION 3: OTC Derivatives – Introduction (Part 1)

  • 12:45 Luncheon & Networking

  • 13:45 SESSION 3: OTC Derivatives – Introduction (Part 2)

  • 15:15 Tea, Coffee, Networking

  • 15:30 SESSION 4: OTC Derivative Products & Their
    Operational Characteristics

  • 17:30 SESSION 5: Exiting an OTC Derivative Trade

  • 18:00 Close of the day

Day two

  • 09:00 Introduction of Day 2

  • 09:10 SESSION 6: Collateral Management for OTC
    Derivatives – Introduction

  • 10:00 SESSION 7: The OTC Derivative Collateral
    Lifecycle (Part 1)

  • 10:30 Tea, Coffee, Networking

  • 10:45 SESSION 7: The OTC Derivative Collateral
    Life cycle (Part 2)

  • 13:00 Luncheon & Networking

  • 14:00 SESSION 8: Regulatory Change for OTC
    Derivatives – EMIR Introduction

  • 15:00 SESSION 9: EMIR and Centrally Cleared
    Trades (Part 1)

  • 15:30 Tea, Coffee, Networking

  • 15:45 SESSION 9: EMIR and Centrally Cleared Trades
    (Part 2)

  • 16:45 SESSION 10: EMIR and Non Centrally Cleared
    Trades

  • 18:00 Close of the day

Training Program

Request detailed Agenda - OTC Derivatives, Collateral & EMIR MasterClass

Get insight into a similar past event

Get to know the Expert Trainer

Michael Simmons
Michael Simmons

Michael (Mike) Simmons is a specialist in the field of financial services operations; he has been involved with the capital markets and operations throughout his career.

Since 1995, he has been writing and delivering training programs to audiences of mixed vocation and experience, including operations staff, front-office personnel, compliance and risk officers, legal personnel, consultants and IT professionals.  Such programs include securities operations (incorporating the trade lifecycle), repos and related collateral, securities lending & borrowing and related collateral, corporate actions (fundamental and intermediate), derivative operations (exchange-traded derivatives, OTC derivatives (including CDS & IRS) and related collateral) and related central clearing under EMIR, loan syndication (primary & secondary markets), clearing & settlement, fails & fails management, end-to-end process flow, and risks & controls in operations.

Mike’s training programmes have been delivered in the UK, US, Belgium, Denmark, Germany, Irish Republic, Italy, Luxembourg, The Netherlands, Russia, Spain, Switzerland, Kuwait, Qatar, Saudi Arabia, UAE, Australia, China, Hong Kong, India, Japan, Malaysia, Singapore and Tunisia.

Mike has delivered over 1400 training courses to investment banks, fund managers, asset managers, sovereign wealth funds, supranational organizations, management consultants, central securities depositories, custodians, central counter-parties, software companies and data vendors.  A particular feature of Mike’s courses is the emphasis placed on risks within operations, and the associated controls.

Mike is the author of three books:

  • Securities Operations; a Guide to Trade and Position Management
  • Corporate Actions; a Guide to Securities Event Management
  • Collateral Management; a Guide to Mitigating Counter-party Risk

 published by John Wiley & Sons.

Who should attend?

The MasterClass will be beneficial for the financial industry professionals from:

  • Banks and institutional investment companies: pension funds, mutual funds, hedge funds, insurance companies, in particular for:
    • Asset managers, in the role of: traders, portfolio managers, sales managers, middle-office personnel, operations (back-office) personnel including those from derivative trade processing/derivative collateral management/reconciliation/static data, compliance, risk management, legal
  • Central securities depositories or custodian organisations
  • Central counterparties and trade repositories
  • Management consulting firms
  • Software companies (business analysts and programmers)

Media Partners

Become a Media Partner

Our events were attended by these companies

Venue

OTC Derivatives - venue OTC Derivatives - venue

Room reservation

OTC Derivatives - venue OTC Derivatives - venue

Hotel Location

Official Airline Partner

FAQ

You can always register without a name using the TBA [To Be Announced] option. Please indicate TBA instead of the delegate name and 2 weeks prior to the event you are able to send the delegate name/s to booking[at]glceurope.com
While we are not happy to see you cancel your registration, we understand that “life happens” and other obligations come up. Our refund schedule is as follows:
The client has the right to cancel his/her registration in the event.
There is a 50% liability on all conference registrations once made, whether the booking was made through our website or via e–mail/ telephone/ fax.
If the client cancels with more than 8 weeks’s advance notice, GLC shall be entitled to an amount equivalent to 50% of the conference fee and 16 EUR administration charge. In case the client has already made his/her payment, this will be deducted from the conference fee GLC has already received and the remainder will be refunded. If no conference fee has been received prior to the cancellation request, GLC will issue an invoice for the cancellation fee (the amount equivalent to 50% of the conference fee and 16 EUR administration charge), which the client must pay immediately upon receipt. No refunds are available for cancellations received with 8 week’s (or less) advance notice or in case the client fails to attend the conference. In these cases, the full amount of the conference fee must be paid.
In general no VAT is applied based on the Hungarian VAT law with the exception of individual payment [when you would like to pay from your own budget and not from the company’s budget] and for Hungarian companies where 27% VAT is applicable which is refundable at the end of the company’s fiscal year.
Our hospitality partners usually have options available for parking places, however it can change from event to event. If you would like to receive more information on parking please e-mail our colleague susanna.juhasz[at]glceurope.com.
We provide a conference documentation pack which includes: conference agenda, notes pages and attendee information. Soft copies of some of the presentation are available on USB-flash-drives for each delegate. You may bring your laptop, tablet or other mobile device so you are able to review the presentations while they are being presented. Free Wi-Fi will be provided and outlets will be available for recharging computers, mobile devices and phones. We highly recommend you to bring along your business cards and a desire to learn from some of the industry’s leading experts.
The dress code is business casual. Feel free to leave the suits and ties at home this time. We do suggest you bring a sweater or dress in layers, as the conference room temperature may fluctuate.
Any of our staff members at the event will be delighted to help you. You can contact us for free via WhatsApp or Viber or any time over the phone or via e-mail or post.
  1. Get the timing right.
    Many people are afraid to request for training budget, because they can’t seem to find the “perfect time” to do it. Well, there’s no perfect time to ask for it, but there are definitely some moments that are better than others. For instance, if your boss is about to take a two week vacation, he/she might be in a good mood. If he/she just lost a major account, may not be wise at that juncture.
  2. Make a case for yourself
    When you ask for budget, you should be prepared with specific details and explanations about what is in it for the company and you’re superior. If you go into a meeting and just say, “I want to get budget for a conference,” it’s likely that your request won’t be taken seriously. If you want to plan ahead, then you should be prepared to explain the following points:
    1. Start by stating your accomplishments
    2. Show that you’re ready for more responsibility and eager to learn
    3. Describe:
    a) How this event will increase your productivity?
    b) How you will need less supervision
    c) How you can bring back the knowledge to the company
    4. Follow up
You might find free to attend events which are usually organized by a solution/service provider within the industry. Unlike at free to attend events, on a paid event you will find more diverse industry knowledge rather than presentations related to services or solutions.
In case you cannot attend for both days, you can always attend for just 1 day of the event. In this case we will send you all presentations of the 2 days. The participation fee is 70% of the original investment. In case you would like to attend the event for just 1 day please contact us on booking[at]glceurope.com
In case you are busy on 1 of the days, you certainly can split the 2 day conference with one of your colleague. All you need to do is send us an e-mail to booking[at]glceurope.com
We understand that not all senior-level professionals might be available on the dates. As the event is an annual event, most of the attendees try to postpone their engagements or send a small group from their teams to benefit from the conference.

Related events

GDPR MasterClass

GDPR MasterClass

15 February 2018 - 16 February 2018

FIIA MasterClass 2018

FIIA MasterClass 2018

08 March 2018 - 09 March 2018