Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) will have a dramatic impact on the over-the-counter energy markets.  Dodd-Frank will bring extensive new regulations and reporting to the OTC energy markets and all participants therein, including End-Users.  How will Dodd-Frank change your business and compliance obligations?  Is the End-User exemption available for your company?  How will your current contracts and counterparties be affected?   This course will explore all of these issues and more, and propose detailed solutions.

AGENDA

DODD-FRANK REGULATORY REFORM AND OTC ENERGY TRADING

AGENDA

DODD-FRANK REGULATORY REFORM AND OTC ENERGY TRADING

1.                  Introductions

2.                Overview of Dodd-Frank Wall Street Reform and Consumer Protection Act

(8:30 to 10:15)

a.          Goals and Objectives of the Act

b.          Compliance under Dodd-Frank

c.          Jurisdiction of the CFTC versus the SEC

d.         How Does the Act Change the OTC Energy Trading Business?

e.          New Reporting Burdens on OTC Market Participants

f.           What Are the Hot Spots Under the New Regulations?

3.                  New Rules for Energy Trading (10:30 to 12:00)

a.          What Trades Must Go to Centralized Clearing?

b.          What Are Customized Swaps?

c.          Reporting Requirements for Swap Dealers and Major Swap Participants

d.         Conduct of Business Requirements

e.          Position Limits and Conflicts Rules

4.                  Special Rules for End-Users, Banks, and Hedge Funds (1:00 to 2:00)

a.     How Broad is the End-User Exemption?

b.     When could a physical contract (ie, a forward contract) be considered a swap under Dodd-Frank?

c.     What Are the Credit and Margin Implications of the Act?

d.    Banks and the Volcker Rule

5.                  Energy Ethics (2:00 to 2:45)

a.          Ethical Issues and Policies under the Act

b.          Disruptive Trading, Market Manipulation and Abusive Swaps

6.                  Financial Reform Case Studies for OTC Trading (3:00 to 4:00)

a.     Apply the Act to Real Life Energy Trading Scenarios

b.     Discuss How Procedures Must Change

Who Should Attend:
Anyone who currently works with the OTC Derivatives Markets including:

• Attorneys and Paralegals
• Credit Professionals
• Contract Administrators
• VPs, Directors, Managers, Supervisors in marketing, finance, credit and legal