The learning objectives for this programme are:
- Mastering the background of why EMIR was implemented;
- Mastering EMIR, the regulation, and what it aims for;
- Understanding what is practically required by trading organisation in the sense of processes, operations and IT;
- Being able to indicate the implications for (staff of) energy companies;
- Interprete criteria which have to be taken into account in order to judge upon whether a transaction must be cleared or not;
- To weigh alternatives and judge what is the most optimal decision in practical cases.
- Module: Introduction to EMIR – Background
- Covering counterparty credit risk, opertional risk & transparency
- Overview of recitals, titles, chapters & articles
- Module: OTC derivatives – Systemic risk
- Covering the snowball-effect which arose during the credit crisis
- About OTC trading - The related processes & risks
- Re master agreement, credit limits & credit support annex (CSA)
- Module: Central counterparties (CCPs) – Mandatory clearing
- The clearing process - Authorisation & monitoring of CCPs
- Rules for central counterparties, clearing members & clients
- Reporting of cleared & non-cleared OTC derivatives
- Module: Collateralisation & Margining – Default fund
- About allowed forms of collateral, haircuts & cash collateral
- Covering initial & variation margin and highly liquid products
- Incl. (the contribution to) the default fund & Default waterfall
- Module: Reporting & Trade Repositories
- About reporting obligations for energy trading firms
- About trade repositories, their role & data protection
- Module: Monitoring & Supervision
- The role of ESMA and NRAs
- About prudential requirements and other essentials
- Module: Regulatory implementing & technical standards – Additional acts
- Covering Commission Implementing Regulation
- Including Commission Delegated Regulation
- Module: US regulation: Dodd-Frank act
- About global energy companies, and/or those active in the US
- The role of US regulators
- Module: Consequences of EMIR
- About costs, processes and systems
- Concerning capital allocation and the compliance function
This is the exam for EMIR (Basic level) After passing the exam, you will be able to receive your certificate here as well.
|Price online||€299.00 excl. VAT|
|Price in-class||€990.00 excl. VAT|
22 Mar 2018
28 Sep 2018
|Duration in-class||1 day|
9 video modules (a combined total of ~140 minutes of video content).
A reader providing significant background and depth.
Tests & Final Exam
Several test questions per module and a final exam covering the whole course.
When the final exam has been passed you will receive the digital certificate and can be registered with the Charter.