EMIR

Module: Introduction to EMIR – Background

Module: OTC derivatives – Systemic risk

Module: Central counterparties (CCPs) – Mandatory clearing

Module: Collateralisation & Margining – Default fund

Module: Reporting & Trade Repositories

Module: Monitoring & Supervision

Module: Regulatory implementing & technical standards – Additional acts

Module: US regulation: Dodd-Frank act

Module: Consequences of EMIR

Reader: EMIR (Basic)

Exam: EMIR (Basic)

Register for open enrollment

Objectives

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.

Course contents

  • 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
  • Reader
  • Exam
    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
Calendar in-class Amsterdam
22 Mar 2018

Amsterdam
28 Sep 2018
Duration in-class 1 day
Level Basic
Language English

Course elements

eLearning

9 video modules (a combined total of ~140 minutes of video content).

Extensive Reader

A reader providing significant background and depth.

Tests & Final Exam

Several test questions per module and a final exam covering the whole course.

Certification

When the final exam has been passed you will receive the digital certificate and can be registered with the Charter.