The upcoming margin rules for over the counter (OTC) derivatives, which are arguably the most significant of the derivative risk mitigation rules to be implemented since the financial crisis, require certain financial entities to exchange collateral with their swap dealer counterparties in respect of their uncleared OTC derivatives in a manner consistent with the framework established in the rules. While financial institutions are accustomed to posting and collecting variation margin with their dealer counterparties, compliance with the margin rule will require a significant documentation effort from all financial institutions, regardless of size.
Please join Chatham Financial for a 30-minute webinar designed to address the needs of community and regional banks in advance of the implementation deadline of the new margin rules.
– Participants will gain an understanding of the upcoming margin rules, including economic and operational requirements, documentation implications, and timing.
– Participants will also walk away with an understanding of how to amend their trading documentation using ISDA’s Self-Disclosure Letter and Variation Margin Protocol, as well as how to evaluate related compliance options.
is a member of the Financial Institutions team working as a derivatives regulatory advisor to provide in-depth coverage on regulatory and documentation issues facing financial institutions. Prior to joining Chatham, Carla practiced law at Duane Morris LLP as a commercial litigator where her areas of practice included non-compete, trade secrets, and unfair competition cases as well as a variety of banking-related issues, including claims involving lender liability, the UCC, Electronic Funds Transfer Act, and Fair Credit Reporting Act. Carla graduated from Drake University with a B.A. in Journalism and Mass Communication and holds a law degree, magna cum laude, from the University of Notre Dame.
is a member of the Global Regulatory Solutions practice, focused on ISDA review and advisory. Prior to Chatham, she worked as a Senior Derivatives Contracting Analyst at Russell Investments in Seattle. She has held various positions in the investment industry throughout her career. Kim has a BA from UNC-Chapel Hill and an MS, with honors, in Finance from the University of Maryland.