Ensure maximum flexibility and streamlining of your derivatives processing infrastructure for maximum competitiveness and resilience in a fast-moving market environment.

The OTC derivatives market is currently in a period of great transformation at many different levels, much of which is due to developing regulation in the sector as a result of perceived deficiencies in the OTC derivatives market framework. Naturally, all these changes will have an enormous impact on the derivatives processing and operations functions.

The establishment of obligatory central counterparties for current OTC derivatives trades is what is of most concern, particularly since the sector is uncertain as to how the new proposals will work in practice. Nevertheless, the processing function needs to be ready for all eventualities and be in a position to meet the new challenges head-on in order to gain market share in the new environment and this course will prepare you for all possibilities.

The derivatives processing function is also facing a massive increase in OTC derivative trading volumes, a large part of which involve increasingly complicated derivative and product structures and which also involve cross-border transactions. All this only serves to put increasing strain on this most fundamental of functions. These, and various other poignant themes will be under intense scrutiny at this 2-day training in order to give you and your organisation a sound competitive advantage in your derivatives business

Through this intensive 2-day course, attendees will come away with the necessary expertise to better tailor their service offering to the individual needs of their diverse range of corporate clients. In order to gain maximum profitability from their activities, attendees will explore in detail the complexities of creating a competitive fee and pricing framework to ensure maximum rewards for their products and services.

The format of this 2-day intensive training course will be a mixture of interactive exercises and scenarios, group discussions, real case studies, focused tuition, and practical problem-solving.

• Each section of this comprehensive programme will be supported by individual and group exercises and case    studies

• Limited class size: Class size is limited to 30 delegates to ensure effective one-to-one interactivity

This important training is designed to mobilize a wide range of senior professionals whose collective skills are vital for effective derivatives processing in the financial institution including:
Directors, Heads and Managers responsible for:
•Operations
•(OTC, Equity, Credit, FX) Derivative Operations
•Treasury Operations
•Derivative Services/Support
•Back Office
•Securities Settlement and Derivatives
•Risk Management
•Derivative Processing and Settlement
•Collateral Management

David Loader has worked in the financial markets since leaving college. Initially involved in the debt and equity markets he then spent a considerable time in the evolving derivatives markets. David rose through various roles including working with fund management and externally in various industry committees to senior management where as a Director with key responsibility for operations he oversaw much change and development in the processes, procedures and risk management profiles of the firms he was associated with.

Today as a Director of The DSC Portfolio Ltd, David works together with his colleagues for a broad and extensive range of customers worldwide.

This wealth of experience has enabled David to author some twelve titles on subjects including areas such as Operations Management, Derivatives, Clearing, Settlement and Custody, Fund Administration and Operational Risk.

He is the author of the syllabus and manuals associated with the Advanced Certificate and Diploma in Fund Administration offered by Central Law Training in conjunction with Manchester University Business School and the Jersey International Business School

David is a highly regarded and sought after trainer who works internally with a wide range of major organisations in the UK and Internationally, as well as leading public training programs for major Training Companies.

He also provides consultancy services on a wide range of topics including operational efficiency and operational risk management to customers in many financial centres around the world.

This programme is designed to achieve the following goals:
•Ensure compliance to developing regulatory demands for derivatives processing in a period of tight scrutiny
•Foster closer cooperation between front, middle and back office for greater efficiencies and reduced risk in  derivatives processing
•Maximise the opportunities and adapt to the challenges of OTC derivatives processing with central counterparties
•Establish and implement an effective framework for performance measurement and management of your  derivatives processing
•Overcome the challenges in cross-border OTC derivative operations
•Successfully manage collateral for optimal risk management and profitability
•Effectively manage and mitigate operational risk

Day 1 - 12 January 2012, Singapore
8.30-9.00	Registration
9.00am	Ensuring compliance to developing regulatory demands for derivatives processing in a period of tight scrutiny • How are the regulators tightening their control on the Asian OTC derivatives market? • An in-depth scrutiny of the impact of Basel III on derivatives processing • Understanding and meeting the requirements of Dodd-Frank regulation • Examining the role of the exchanges in OTC regulation • When is it too much regulation? • Exploring the moves towards central counterparties for OTC derivatives • How is transparency being improved in the OTC derivatives market • How are the regulators seeking to increase accuracy of derivative valuation and pricing   effectiveness whilst maintaining profitability? • The pros and cons of increased reporting requirements for OTC derivatives
	Coffee break
	Maximising the opportunities and adapting to the challenges of OTC derivatives processing with central counterparties • Understanding the development of the Asian landscape for OTC derivative clearing • A scrutiny of the leading players lining up for roles in centralised clearing and what they can   offer to your financial institution • Determining the optimal number of CCPs for a national / regional market place • Prospects for standardisation of CCPs and harmonisation across the region • An examination of industry opposition to CCPs and the motivation behind the resistance • What do we require from the CCPs? • Choosing your CCP: Determining the criteria • Impact of centralized clearing on people, processes, capital allocation,calculation and   profitability
12.30-2.00	Lunch
2.00pm	…continued • Examining the types of OTC products suitable / never suitable for OTC clearing • Using CCPs for collateral management – How viable an option is this? • How much due diligence can/must we have on the CCPs? • Identifying and mitigating the systemic risks for your organisation with centralised clearing • Ensuring software and IT system compatibility with appointed / chosen CCPs • Cost impacts of regulatory changes    - A scrutiny of the cost of clearing administration    - To what extent will increased costs dissuade corporate clients from using OTC derivatives to       hedge their risks?    - Strategies for mitigating the cost impact for financial institutions and clients alike Interactive discussion: Impact of CCPs on your derivatives operations
	Tea break
	Mitigating risk at the core of your derivatives business: Valuation • Determining the inadequacies and inefficiencies inherent in current OTC derivative valuation • Meeting the demands of the stakeholders: Clients, shareholders, investors and regulators • Strategies for increasing transparency • Valuation reconciliation across products and processes for exotic derivatives • A focus on the importance or otherwise of political risk • Counterparty valuations • Internal pricing models • Externally sourced prices • Effectively gathering and utilizing data for accurate pricing and valuation of derivative    products • Standardising the valuation process • Accurate valuation of derivative products through effective benchmarking • Increasing automation of the valuation process • Developing pricing and valuation modeling • Increasing your overall competitiveness through a more accurate and efficient valuation    process      - Capability for development and offering of more complex and unique tailor-made products      - Enhanced risk management Practical case studies to examine both best-practice, mistakes made and lessons learnt
5.30pm	End of Day One

Day 2 - 13 January 2012, Singapore
9.00am	Successfully managing collateral for optimal risk management and profitability • Collateral selection and valuation • In-house vs outsourced collateral management • Managing the cost of collateral • Managing collateral value through market volatility and cycles • Effectively processing corporate actions • Maximising your collateral as part of your liquidity management strategy • Integrating collateral management with the risk function •Achieving increased automation of the collateral management function Operational risk management and mitigation • Understanding the risk vulnerabilities of exotic derivative products throughout the trade    lifecycle • Identifying and implementing automation of processes wherever possible to reduce    operational and human risk Counterparty risk • Assessing and mitigating risks developing from delays in documenting and confirming trades • Pricing and hedging counterparty risk • Effectively structuring derivative transactions to reduce counterparty risk • Ensuring compliance to capital adequacy requirements for counterparty risk • Counterparty risk assessment and valuation Interactive exercises and discussion on best-practice risk management for derivatives processing
	Coffee break
	Practical strategies for maximising your operational efficiency in OTC derivatives across all functions and processes • Fostering closer cooperation between front, middle and back office for greater efficiencies and    reduced risk in derivatives processing      - Strengthening back-office input in product development      - Ensuring due diligence in pre-trade • Overcoming the challenges in cross-border OTC derivative operations      - Understanding the challenges and diversity of legal and jurisdictional frameworks      - Developing regulatory coordination in the region      - Overcoming the challenges to cross-border reconciliation      - Cross-border OTC documentation: Best-practice processing • Achieving portfolio reconciliation for OTC derivatives      - Implementing regular conciliation      - How regular is regular?      - Increased reconciliation and the impact for risk mitigation function      - Proactive portfolio reconciliation for enhanced credit risk management
12.30-2.00	Lunch
2.00pm	…continued • Document processing and the prospects for OTC derivative document standardization      - Understanding the moves towards a universally standardised OTC derivative document      - What can and what can’t be standardised • Performance measurement and management for derivatives processing      - Ensuring efficient contract confirmation and maintenance      - Identifying and mitigating error during the confirmation process      - System consolidation for effective reporting      - Ensuring your processes and systems keep pace with the development and introduction of         new and more complex derivative products      - Impact on streamlined systems Interactive discussion on dealing with the challenges of increased volumes and complexities of derivative products
	Tea break
	An in-depth scrutiny of the opportunities and drawbacks of outsourcing • Pros and cons of outsourcing elements of processing • Valuations • Construction of trades • Counterparty trading • Confirmations • Collateral management • Risk mitigation in outsourcing and offshoring • Opportunities for transferring processing to Low Cost Countries • Utilising the services of third party administrators and custodians Practical case studies of successes and challenges faced in outsourcing derivative processing functions
5.30pm	End of Day Two

This is one of the best-designed diploma programmes to provide Asian financial institutions with the tools and expertise necessary to effectively structure and trade their FX and interest rate derivative offerings for maximum competitive advantage.

Register today by completing the registration form below or contact Mr Gerald Rubio tel: +65 6236 6514 or email grubio@theasianbanker.com for more information.