Workshop on IIFM Standards - Islamic Hedging and Liquidity Management, London (Video Recording, Presentations & Photos Available)

Wednesday, 13 September 2017
Workshop on IIFM Standards - Islamic Hedging and Liquidity Management – A Practical Approach hosted by Clifford Chance LLP
at Clifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London E14 5JJ, United Kingdom
PROGRAM
09:00 – 09:15
Registration
09:15 – 09:30
Welcome Remarks

Mr. Malcolm Sweeting, Senior Partner, Clifford Chance LLP, London

09:30 – 11:30
Islamic Hedging Standards

- Background and Overall Developments in Islamic Hedging Segment
- ISDA/IIFM Tahawwut Master Agreement (TMA)
   - Unique Clauses and Designated Future Transactions (DFT) Examples
- Islamic Hedging Product Confirmations
   - Islamic Profit Rate Swap
   - Islamic Cross Currency Swap
   - Islamic Foreign Exchange Forward
- Islamic Credit Support Deed
- EU Variation Margin Regulation (Islamic Banks Perspective)
- Law Reforms in Islamic Jurisdictions and TMA Legal Opinions

Speakers

Habib Motani, Partner, Clifford Chance LLP, London
Ijlal Ahmed Alvi, Chief Executive, IIFM, Bahrain
Dr. Peter Werner, Senior Counsel, International Swaps and Derivatives Association (ISDA), London (TBC)

11:30 – 12:00
Coffee Break
12:00 – 12:45
Collateralized Murabahah Standard – Alternate to Repo

- IIFM Standard Collateral Documentation & Guidance Memorandum – Key Features
- Legal aspects such as:
   - Security Interest vs Title Transfer
   - Maintenance of Collateral Level
   - Treatment of Collateral in case of default etc
- Monitoring and treatment of pledge securities for bilateral transactions
- Bilateral and Triparty Collateral Management arrangements

Speakers

Ismail Dadabhoy, Advisor, IIFM, Dubai
Habib Motani, Partner, Clifford Chance LLP, London
Lawrence Oliver, Director, Deputy CEO, DDCAP Limited, London
Sara Cescutti, Deputy Head, Sales & Relationship Management, Euroclear SA/NA, London

12:45 – 13:30
Unrestricted Wakalah Standard – An Emerging Islamic Liquidity Management Alternative

Unrestricted Wakalah and its Use in the Islamic Inter-Bank Market 
Standard Master Unrestricted Wakalah Documentation & Operational Guidelines
Accounting Assessment for IIFM Unrestricted Wakalah Master Agreement
Providing Level Playing Field to Islamic Financial Institutions by Regulators

Speakers

Ijlal Ahmed Alvi, Chief Executive, IIFM, Bahrain
Dr. Ahmad Rufai, Head of Compliance, IIFM, Bahrain

13:30 – 14:30
Lunch and Close of Workshop

The Video Recording of the Workshop can be viewed below: