Thursday, March 19, 2015 | 9:00 a.m. – 12:00 p.m.
PROGRAM CHAIR
Gary E. Kalbaugh
Director and Assistant General Counsel
ING Financial Services
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This program examines the most recent issues a practitioner needs to be aware of with respect to end-users and derivatives. These include how the ISDA Resolution Stay Protocol and its possible expansion affects end-users and what impact the Protocol has on the bankruptcy process. For example, what happens if a swap dealer counterparty goes insolvent? Also examined are what commercial end-users need to know to trade uncleared swaps, what is mandatory clearing, and when and how can end-users claim an exemption from mandatory clearing. Current Topics for End-Users of Swaps addresses these and other essentials to a legal practice intersecting with derivatives. No previous experience with derivatives law is required for this program.
Live Program
$199 Member, $299 Nonmember -
Ian Cuillerier, White & Case LLP
Guy Dempsey, Katten Muchin Rosenman LLP
Ilene Froom, Jones Day
Geoffrey B. Goldman, Shearman & Sterling LLP
Robert M. McLaughlin, Fried, Frank, Harris, Shriver & Jacobson
Michael S. Sackheim, Sidley Austin LLP
Sherri Venokur, SVENOKUR LLC
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9:00 – 9:10 a.m. Welcoming Remarks
Thomas V. D’Ambrosio
9:10 – 10:30 a.m. End-Users and the ISDA Resolution Stay Protocol
• What is the effect of the ISDA Resolution Stay Protocol?
• Why is the ISDA Resolution Stay Protocol being implemented?
• Does it help end-users?
• How is the ISDA Resolution Stay Protocol likely to expand in the future?
• Does the ISDA Resolution Stay Protocol presage modifications to the Bankruptcy Code and other insolvency regimes?Panel
10:30 – 10:45 a.m. Break
10:45 – 12:00 p.m. What a Commercial End-User Needs to Know to Trade Uncleared Swaps: How to Use the End-User Exception
• What is mandatory clearing?
• Why has mandatory clearing been imposed for large categories of swaps?
• What are some possible advantages and disadvantages of swaps clearing to an end-user?
• How does the commercial end-user exception work?
• As a practical matter, how can an end-user use the end-user exception to clearing?
• What segregation and margin issues arise when the commercial end-user exception is invoked?Panel
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New York Credit: 3.0 professional practice
This program provides transitional/non-transitional credit for all attorneys.
California Credit: 3.0 general MCLE credit
New Jersey Credit: 3.3 general MCLE credit
Pennsylvania Credit: 2.5 general MCLE credit -
Save $$ on DVDs & CDs
*DVDs $199 Member/$299 Nonmember*CDs $149 Member/$229 Nonmember
*Materials Only (no CLE credit): $99 Member/$129 Nonmember
* New York residents will be charged the New York sales tax for all audio visual purchases.
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Can’t make it to the program in person? Now you can attend this program from your office or home. Register and view by clicking on the Casemaker & WestLegalEdcenter logo below:
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Sponsoring Association Committee: Futures and Derivatives Regulation, Thomas V. D’Ambrosio, Chair
Sponsorship Opportunities are Available! Please Contact:
Ann Rappleye, Director, City Bar Center for CLE | (212) 382-6606 | ARappleye@nycbar.org or
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Darianne De Leon, Program & Sponsorship Coordinator, City Bar Center for CLE | (212) 382-6731 | ddeleon@nycbar.org