ISDA Property Index Derivative Transactions and ISDA Documentation
ISDA Symposium: Property Index Derivative Transactions and ISDA DocumentationThursday, July 12, 2007
Global Financial Markets Conference Center, New York
The application of derivative products to the residential and property market has begun to develop in markets around the globe. The housing and residential real estate market is estimated to be a multi-trillion pound asset class.
Until recently, investors could not effectively participate in this asset class. With the publication of the 2007 ISDA Property Index Derivatives Definitions, investors can achieve portfolio diversification and diversify their exposure to local property markets through industry-developed standardized documentation. The development of various property indices globally has contributed to the development of standardized ISDA documentation to facilitate property index transactions.
At this symposium, traders and attorneys will share their views on end user demand, geographical diversification and continued product innovation in the property derivatives space. A discussion of the different methodologies of leading indices will be offered as well. With regard to the documentation, a comprehensive examination of the ISDA definitions booklet, focusing on key issues such as delays between measuring an index, revisions to that measurement and consequent publications of index values, adjustments such as rebasing and errors in publications, and disruption events affecting indices will be discussed.
The forward and total return swap forms of confirmation will also be discussed. As with other Symposia hosted by ISDA, audience members will be able to engage in a Q&A with panelists and receive the set of ISDA documentation. Property Index Derivative Transactions and ISDA Documentation.
The application of derivative products to the commercial and residential property market has begun to develop in markets around the globe. In the United States alone, the housing and residential real estate market is estimated to be a $21 trillion asset class. Until recently, investors could not effectively participate in this asset class. With the publication of the 2007 ISDA Property Index Derivatives Definitions, investors can achieve portfolio diversification and diversify their exposure to local property markets through industry-developed standardized documentation.
The development of various property indices globally has contributed to the development of standardized ISDA documentation to facilitate property index transactions.
At this symposium, traders and attorneys will share their views on end user demand, geographical diversification and continued product innovation in the property derivatives space. A discussion of the different methodologies of leading indices will be offered as well. With regard to the documentation, a comprehensive examination of the ISDA definitions booklet, focusing on key issues such as delays between measuring an index, revisions to that measurement and consequent publications of index values, adjustments such as rebasing and errors in publications, and disruption events affecting indices will be discussed. The forward and total return swap forms of confirmation will also be discussed. As with other Symposia hosted by ISDA, audience members will be able to engage in a Q&A with panelists and receive the set of ISDA documentation.
Welcoming Remarks: Kimberly A. Summe, General Counsel, ISDA
Panelists: David M. Blitzer, Managing Director and Chairman of the Index Committee, Standard & Poor'sDavid Felsenthal, Partner, Clifford Chance US LLP Rajiv Kamilla, Head of New Products Trading, Structured Products, Goldman SachsTodd Kushman, Managing Director, Bear Stearns
Register for this event.
ISDA, real estate, property, real estate securities, mortgaged backed sderivatives, derivatives, real estate derivatives
Labels: derivatives, ISDA, mortgaged backed sderivatives, property, real estate, real estate derivatives, real estate securities
posted by Victor Lloyd Smith @ 5:37 PM
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