Pricing Financial Instruments post-LIBOR

Dates: 14^th June 2023

Why This Program?

In July 2017, the UK’s Financial Conduct Authority (FCA) announced that LIBOR was coming to an end. Banks will be required to transition away from LIBOR to Alternative Reference Rates (ARRs) based on overnight wholesale deposit rates from the end of 2021. Without any doubt, this transition is one of the largest upheavals of the financial markets in living memory. It creates enormous change requirements for banks across multiple asset classes, including loans, bonds, Sukuk, and derivatives. So how will banks manage this change and what challenges will banks need to overcome?

This course has been designed for banking practitioners who need to understand the key, pressing issues for transition to the new Risk-Free Rates (RFRs). The course provides instruction on how to establish a transition plan to manage the change, as well as managing legacy contracts, applying RFRs to new contracts, legal documentation, customer communications, and pricing. The course is highly interactive and provides delegates ample opportunity to raise questions and discuss solutions.

Key Highlights and Takeaways:
- Gain critical understanding as to how the LIBOR transition will impact your bank
- Learn how to formulate and implement a LIBOR transition plan for your bank across all key, relevant products and impacted departments
- Understand the new Overnight Risk-Free Rates and how will they be administered
- Understand the transition for Shariah compliant products, including Sukuk

Fee

1 participant: RM1000/$300
2 participants: RM2,000/$600
3 participants: RM3,00/$900
4 participants: RM4,000/$1,200
5 participants: RM5,000/$1,500

Discounts are available for group bookings. Please contact us for more details.

In-house/group training

If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
Learn More

For enquiries please contact:

Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44

Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810

For sponsorship & speaking opportunities:

Andrew Tebbutt
Managing Director
[email protected]
Direct Line: +603 2162 7802

For marketing and media enquiries

Yuggeswary Sundranathan
Events & Publishing Marketing Manager
[email protected]
Direct Line: +603 2162 7800 ext 22

Pricing Financial Instruments post-LIBOR

Dates: 14^th June 2023

7.00am - 10.00am
UK

10.00am - 1.00pm
UAE

2.00pm - 5.00pm
Singapore/KL

Why This Program?

Key Highlights and Takeaways:
- Gain critical understanding as to how the LIBOR transition will impact your bank
- Learn how to formulate and implement a LIBOR transition plan for your bank across all key, relevant products and impacted departments
- Understand the new Overnight Risk-Free Rates and how will they be administered
- Understand the transition for Shariah compliant products, including Sukuk

Who Will Benefit?

Chief Executive Officers
Chief Risk Officers
Chief Financial Officers
Credit risk managers
Risk analysts
Treasurers
Treasury analysts
Credit risk officers
Credit origination teams
Credit portfolio managers
Corporate bankers
Legal advisors
In-house counsel
Retail bankers
Internal auditors
Central bankers

Program Format

An online training program will be delivered online through a stable, secure and free-to-access platform. The program itself will be delivered through lectures, worked examples and case studies in order to ensure a detailed and practical understanding of the program content. Participants will have plenty of opportunity to ask questions and interact with the program director. Login details and program materials will be sent to participants upon receipt of payment

Fee

1 participant: RM1000/$300
2 participants: RM2,000/$600
3 participants: RM3,00/$900
4 participants: RM4,000/$1,200
5 participants: RM5,000/$1,500

Discounts are available for group bookings. Please contact us for more details.

In-house/group training

If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
Learn More

AGENDA AND FORMAT

Each session will be interactive in a seminar format, with participants encouraged to engage with questions throughout.

PLATFORM

AGENDA

Part 1: Understanding the Essential Components of LIBOR Transition

Reasons for the transition from LIBOR to Risk-Free Rates (RFRs)
What are the new Overnight Risk-Free Rates and how will they be administered?
How are term rates going to be treated, and what are ‘synthetic term rates’?
Overnight index swaps (OIS) and the discount curve
Timelines for implementation

Part 2: Developing and Implementing an Effective Transition Plan

Identifying LIBOR dependencies
Fallback provisions, protocols and legacy contracts
IT systems and process changes
Accounting changes
Risk management
Client communications

Part 3: Reviewing and Managing Key Products and Pricing

Which products are impacted by the transition?
Backward compounded term reference rates versus forward-looking term reference rates
Credit Adjustment Spread (CAS) method for term products
Bonds and Floating Rate Notes
Derivative instruments and ISDAs
The Shariah compliance of Islamic financial instruments and alternative structures
Implications for Sukuk instruments

EXPERT COURSE DIRECTOR

Dr Ken Baldwin
Former Director, Financial Policies & Planning, Islamic Development Bank

Dr. Ken Baldwin has worked as a practitioner in banking and finance for over 25 years in senior positions spanning the front and middle offices. Having graduated from Oxford University with a first-class honors degree in Physics in 1989, he qualified as a Chartered Accountant with PWC, before joining UBS, and then later Credit Suisse, in derivatives risk and control functions based in London.

He gained a PhD in microeconomics, and worked in the GCC for 15 years in retail and investment banks. Whilst at Abu Dhabi Islamic Bank, Dr. Ken built an ALM analytic technology platform capable of capturing liquidity and interest rate risks inherent in the many varied financing products used at retail and corporate levels. He then moved to take up the position of MENA Regional Head of Quantitative Analysis for Citigroup. At Citicorp, Dr. Ken worked on structuring complex derivatives products used by Gulf-regional corporations to hedge FX and interest rate risks. Still residing in Bahrain, Dr. Ken then joined Investcorp, where he worked on the risk due diligence of corporate private equity and real estate private equity transactions and portfolio management. After leaving Investcorp, he set up the risk management department for venture capital bank, providing Basel III compliance and deal analysis for the bank. He then operationalized a new Islamic investment bank as its Chief Operating Officer for 3 years, before his most recent industry role at the Islamic Development Bank, where he set up and ran a new department tasked with developing financial policies and risk-based pricing of the bank’s Islamic financing products. Dr. Ken is currently an Assistant Professor of Finance in the UK. He has published quantitative finance articles in peer-reviewed academic journals including the Journal of International Financial Markets Institutions and Money, and the Journal of Risk, and during his earlier career, taught CFA and FRM professional certifications as a pastime for the Bahrain Institute of Banking and Finance.

Who Will Benefit?

Chief Executive Officers
Chief Risk Officers
Chief Financial Officers
Credit risk managers
Risk analysts
Treasurers
Treasury analysts
Credit risk officers
Credit origination teams
Credit portfolio managers
Corporate bankers
Legal advisors
In-house counsel
Retail bankers
Internal auditors
Central bankers

REGISTRATION

*Please note there is a fee for attending this program. Please contact us for more details.

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Before completing this registration form please read and understand our booking and cancellation policy. Thank you.

Presentation materials: – important, please read carefully

as part of our sustainability drive, we offer standard access to an electronic version of the course materials. A hard copy of the materials can be provided for a fee: RM100 per copy for Malaysia-based participants; US$150 per copy for all other locations.

Please tick here should you wish to receive a hard copy of the course materials.

Booking, Payment and Cancellation Policy – important, please read carefully

By completing, signing and revised, sent separately us this registration form you are conﬁrming participants on the program. You are also conﬁrming your understanding of our Booking, Payment and Cancellation Policy.

Cancellation Policy: If participants cannot attend the program, replacement participants are always welcome. Otherwise, participants must notify us any of cancellations or requests to transfer to a diﬀerent program at least 14 days before the program date to be eligible for a refund, less a 5% administration on fee. Participants who cancel within 14 days of the program start date are liable to pay the full program fee and no refunds will be given. Instead fees will be converted to a REDmoney Seminars voucher equivalent to the original fee, less a 10% administration charge. This voucher is transferable within your organization and must be redeemed within one year of issue or become void. If a program is postponed for whatever reason registrations and fees will be automatically transferred to the new program date. Participants who wish to transfer to a diﬀerent program will be subject to the same terms as above and charged any diﬀerence in fees. No refunds or program vouchers will be issued for a no-show.
Payment Terms: All program fees are payable upon invoice. REDmoney shall receive the full program fee with no deductions of any description. All telegraphic transfer fees, taxes and levies (domestic or otherwise) shall be borne by the sponsoring organization.

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CPE/CPD Applicable:

For enquiries please contact:

Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44

Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810

For sponsorship & speaking opportunities:

Andrew Tebbutt
Managing Director
[email protected]
Direct Line: +603 2162 7802

For marketing and media enquiries

Yuggeswary Sundranathan
Events & Publishing Marketing Manager
[email protected]
Direct Line: +603 2162 7800 ext 22