Energy Seminars Inc
Friday, May 24, 2013
Continuing Education for the Energy Industries

   ISDA Master Agreements 202
 
 
 
June 20, 2013    Houston       (preceded by ISDA Master Agreements 101 on June 19)
 
Oct. 24, 2013     Houston       (preceded by ISDA Master Agreements 101 on Oct. 23)
 
COURSE DETAILS
Cost: $898
CPE Credit: 7.0 Hours
Course: Intermediate
Prerequisites: OTC Derivatives & Master Agreement Seminar or Previously negotiated an ISDA®
Instructional Method: Group Live 
MCLE Credit Texas: 6.0 Hours
 
Agenda    |    Instructor    |    Register
 
BRIEF:
ISDA® 202 starts with a detailed discussion of the impact of Obama’s Financial Reform act on trading under ISDAs and trading with banks .  How will trading evolve?  Next, the focus is on the credit and default provisions of the ISDA® forms, AND the special provisions added by commercial banks, investment banks, hedge funds and majors to their ISDA®’s. Examples of special provisions will be provided and reviewed in detail. There will be an in-depth discussion of the "safe harbor" in bankruptcy for trading contracts and triangular netting after the SemCrude bankruptcy decision. There will also be negotiation exercises on the special provisions. It is recommended that attendees to this seminar have previously negotiated at least one ISDA®, or have completed the OTC Derivatives & Master Agreements course.
*  Energy Seminars, Inc. is neither affiliated nor associated with the International Swaps and Derivatives Association, Inc. (ISDA®).
 
AGENDA:
ISDA® 202 SEMINAR
1.       2005 Bankruptcy Act (8:30 a.m. - 8:45 a.m.)
 
 
 
 
2.       ISDA® Master Agreement (8:45 a.m. – 10:15 a.m.)
          a.     Highlight Changes 1992 ISDA to 2002 ISDA
          b.     Review Credit, Default and Termination Provisions
          c.     Special Issues for Banks, Hedge Funds, Utilities and Poor Credits
          d.     Review Supplemental Provisions Re Above
          e.     ISDA® True/False Test of Knowledge
         
 
3.      ISDA® 2002 Schedule (10:30 a.m. – 12:00 p.m.)
          a.     Review Completion of Schedule
          b.     Special Issues for Banks, Hedge Funds, Utilities and Poor Credits
          c.     Review Supplemental Provisions Re Above
          d.     ISDA® True/False Test of Knowledge
          
 
4.      ISDA® 1994 Credit Support Annex ( 1:00 p.m.- 2:00 p.m.)
          a.     Review Section by Section
          b.     Review Completion of Paragraph 13
          c.     Special Issues for Banks, Hedge Funds, Utilities and Poor Credits
          d.     Review Supplemental Provisions Re Above
          e.     ISDA® True/False Test of Knowledge
 
5.      ISDA® Schedule/Annex/Supplemental Provisions Negotiation (2:00 p.m.-3:30 p.m.)
          a.     Negotiate ISDA® with a Below Investment Grade Counterparty
          b.     Discuss Credit Issues and Solutions
          c.     Vary Solutions by Counterparty
 
6.      ISDA® for Commodities (3:30 p.m. - 4:00 p.m.)
          a.     2005 ISDA® Commodity Definitions
          b.     Gas, Power, Coal, Emmissions, Weather Annexes
          c.     Special Provisions for Annexes

What Past Attendees Are Saying About This Seminar:
"Great (seminar) for understanding major negotiation issues and various ways to negotiate.  Very interesting.  I was continually engaged." -- Jeanne Suminski, Senior Counsel, Chevron USA
 
* Energy Seminars, Inc. is neither affiliated nor associated with the International Swap Dealers Association (ISDA®).
 
 

CPE Credits:  Registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.  Web site: www.nasba.org

We have entered into an agreement with the Texas State Board of Public Accountancy to meet the requirements of CPE rules covering maintenance of attendance records, retention of program outlines, qualifications of instructors, program content, physical facilities, and length of class hours. This agreement does not constitute an endorsement by the board as to the quality of the program or its contribution to the professional competence of the licensee.

Refund Policy: If the registrant or his or her agent cancels a registration 3 days or more prior to the seminar date, Energy Seminars, Inc. (ESI) will impose a cancellation fee of $35 if paid by check, money order, VISA, or MasterCard, or $50 if paid by AMEX. If the registrant is a no-show or the registration is canceled less than 3 days prior to the seminar date, ESI can offer only a letter of credit to any future seminar.

For more information regarding our complaint and refund policies, please telephone our offices at 281-362-7979.

 
Mark Haedicke
INSTRUCTOR
Mark E. Haedicke
Principal
HaedickeHoyt & Associates
Energy Consulting Services LLC
The law firm of HaedickeHoyt specializes in trading documentation, with the primary focus on the Master Agreement and Credit Support Annex of the International Swaps and Derivatives Association (“ISDA”). The named partners are Mark Haedicke and Mont Hoyt, each of whom has extensive experience with the ISDA, all as described in greater detail below.

Professional Experience:
Mr. Haedicke has worked in the energy business for more than 25 years. He has worked with gas and power distribution companies, gas pipelines, commodity trading and marketing companies and in power plant development. He also was the only non-Wall Street representative on the Board of Directors of the International Swap and Derivatives Association  for six years. Since 1990, Mr. Haedicke has focused on energy trading and marketing. During such time, he has led the development of master contracts for the energy industry. Mr. Haedicke brought financial documentation technology to both physical and financial energy trading contracts.

Education & Certifications:
Mr. Haedicke received his undergraduate degree in Business Administration from the Honors College at Michigan State University and his law degree from Wayne State University.  

Professional Associations & Affiliations:
Mr. Haedicke has written numerous articles on energy trading and documentation including: Gas Commodity Markets in Energy Law & Transactions, Competitive-Based Contracts for the New Power Business in the Energy Law Journal, and Gas Trading in 2005 and the NAESB Contract in the Rocky Mountain Mineral Law Journal. Mr. Haedicke is also the author of numerous training materials for courses on energy trading used by Energy Seminars, Inc.