Collateral risk mitigation regulation has evolved around the world, and the field of collateral operations is becoming more complex with day-to-day operations.  

This comprehensive 2-Day ISDA Masterclass in Collateral Management was developed to help participants learn (i) the terminology of collateral, securities, and related documentation, (ii) relevant regulatory history and current market practice, especially with regard to the post-Uncleared Margin Requirements landscape, and (iii) a practical explanation of tasks and responsibilities for OTC margin managers. 

ISDA's Masterclasses are intentionally designed to provide a small group, interactive, intensive learning opportunity. Attendees receive personal attention from instructors, hands-on examples of concepts and real-time feedback. Attendees are encouraged to submit any personal course goals or questions ahead of the event by using the "Submit a Question" button below which will help instructors prepare remarks especially relevant to you and your needs.  

• Understand the function of collateral in OTC derivatives trading 
• Learn which types of derivative trades create exposure and market/structure impacts on trades 
• Learn about market standards and valuation practices of cash and securities used for collateral 
• Learn Credit Support Annex terminology and how it informs exposure calculations and margin calls for both Variation Margin and Initial Margin 
• Explore the impacts of market, default, and force majeure events on collateral operations 
• Gain an understanding of disputes or differences on margin calls and collateral valuation, trade portfolio reconciliation 
• Learn what the post-2016 regulatory collateral requirements are, and their operational impact for Variation Margin, Initial Margin, and gain an understanding of the use of custodians, ISDA Standard Initial Margin Model (SIMM), and collateral-related regulatory reporting 

• Hear about ongoing developments in automation and straight-through processing being developed to improve operational efficiency, liquidity management, and risk management

This course is designed for those entering collateral management operations or for those who are interacting with collateral management professionals for the first time from any type of firm. It was designed to benefit professionals whose work would benefit from learning about OTC collateral management operations including, but not limited to: 

• Collateral operations professionals new to the field 
• Other operations and back-office support positions 
• Legal professionals 
• Sales professionals