The course is aimed at developing a foundation in the secure and controlled processing of Credit Default Swaps within a financial institution. This course is equally relevant to the buy-side and sell-side of the business. The programme explores the life-cycle of a CDS transaction, the events that can occur during the lifetime of a CDS contract, the embedded risks associated with such events, and the methods employed to process such transactions in a secure manner. The course also focuses on current initiatives and trends in the processing of CDS transactions.
This course is provided through a partnership between ICE Education and the International Capital Markets Association (ICMA) Executive Education.
|Price||£965 + VAT|
Who Should Attend
This course is suitable for staff that are new to the subject of CDS operations, and for those that are currently working within a CDS operations function who require an understanding of the overall life-cycle (and associated events) relating to such transactions. The course is also suitable for anyone wishing to gain a thorough understanding of CDS processing, including regulators, clearing organisations, risk managers and lawyers.
Attendees of this course will possess a basic understanding of credit derivative products, in particular Single Name CDS
and Index CDS.
- Legal Documentation: Necessity, Coverage
- Static Data: Purpose, Importance, Use
The CDS Trade Life-cycle
- Trade Execution
- Trade Capture: Methods & Components
- Trade Confirmation: Issuers & Receivers, Confirmation Terms
- Trade Confirmation: Methods, Matching Status
- Settlement of Premium
- Trade Compression
- Credit Events
Collateral Management for CDS
- Collateral: Purpose & Importance
- Collateral Management Processing Overview
Regulatory & Market-Practice Initiatives/Trends
- T+0 Trade Processing
- Centralised Clearing