EMIR training course Jan.

EMIR training course January 2014

EMIR is new European legislation for derivatives transactions. Goal of EMIR is to reduce counterparty, operational and systemic risks related to OTC derivative transactions.

EMIR is part of the G20 commitments to prevent future financial crises. Both the European Union and the United States have committed to drafting new rules. Related legislation is MiFID II in Europe and the Dodd-Frank Act in the United States.

In this one day training course we introduce the ins and outs of EMIR to you. Backgrounds and objectives of EMIR, as well as the concept of clearing by a Central Counter Party (CCP) will be explained.

Core of the training course are the different EMIR building blocks for financial institutions; Reporting Obligation, Mandatory Clearing and Risk-mitigation for non-centrally cleared trades.
Besides the rules of EMIR, we pay extensive attention on how to implement these rules within financial institutions. Classification of both financial counterparties and non- financial counterparties, making additional agreements with counterparties and the different possibilities for the reporting obligation will be discussed. We also explain the specific demands EMIR sets for CCPs and Trade Repositories. And the impact it has on the timelines.

The training course is very suitable for anyone involved in EMIR in his work. This varies from sales employees to operations and compliance staff. And also project managers and business analysts responsible for the implementation of EMIR. Participants need to have a basic knowledge of  banking and some preliminary knowledge of derivative transactions is an advantage.

The training course can be pursued both as an open-enrollment course, and as an in-house course. The course can be elaborated with half a day, where we will discuss the implementation and the central clearing processes in more detail.  For more information about in-house possibilities, please contact us.

Date
21 January 2013

Preliminary knowledge
Basic banking knowledge. Some preliminary knowledge of derivative transactions is an advantage

Duration
1 day

Material
Classroom lecture reader

Price open course
€ 550,- (Price excludes costs for training material and arrangement costs)