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ISDA Lab

The ISDA Master Agreement (β€œISDA”) is the most frequently used trading agreement for documenting over-the-counter (β€œOTC”) derivatives. It is used by banks, hedge funds, corporates and even individuals who meet the required eligibility criteria. Despite its popularity, the ISDA is commonly taught in-house, with only a few courses available on the market.

ISDA Lab is designed to provide you with a full overview of the most important aspects of negotiating ISDAs. It is the first online course that provides a holistic, practical approach to the ISDA documentation, including explaining the structure of the agreement and providing an overview of the most frequently negotiated provisions.

Module 1 - Building Your ISDA Foundation

Inside of module one, I will walk you through what is ISDA, how it works, its key features and benefits and why do we use it. We will talk about the close-out netting mechanism and the importance of legal opinions. I will also explain the overall ISDA documentation architecture. This module gives you a unique perspective on the fundamentals of the world of ISDA.

Module 2 - Understanding the 2002 ISDA Master Agreement Documentation

In module two, we will discuss the 2002 ISDA in more detail and I will present a section-by-section overview of the entire agreement. I will also provide you with a summary of the main differences between the 1992 and 2002 versions of the ISDA and share some tips on how to decide which version to use. This module will leave you prepared for the ISDA negotiations ahead!

Module 3 - Unlocking the Schedule to the 2002 ISDA Master Agreement

In module three, we will discuss the structure of the ISDA Schedule, explain the main elections and some of the typical changes made by counterparties. In this module you will learn how to look at the ISDA Schedule though the lens of the ISDA pre-print.

Module 4 - Negotiating the 2002 ISDA Schedule – My Industry Secrets

Inside of module four, I will walk you through the most frequently negotiated provisions in the ISDA Schedule, including sharing some practical examples of the commonly requested amendments, with the main focus on the termination events. I will share my top drafting tips and tell you how to make sure that your negotiation is always a success story!