Workshop On IIFM Standards – Islamic Hedging And Liquidity Management, London

Past Event

  • Wednesday, 13th September 2017
  • 08:00 AM - 01:30 PM
  • London, United Kingdom
  • Registration are closed for this event.

Program Details

9:00 AM - 9:30 AM
REGISTRATION

9:30 AM - 9:30 AM
WELCOME REMARKS

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


9:30 AM - 11:30 AM
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


11:30 AM - 12:00 PM
COFFEE BREAK

12:30 PM - 12:45 PM
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 PM - 1:30 PM
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


1:30 PM - 2:30 PM
LUNCH AND CLOSE OF WORKSHOP