Workshop on IIFM Standards - Islamic Hedging and Liquidity Management – A Practical Approach

Wednesday, 13 September 2017
Workshop on IIFM Standards - Islamic Hedging and Liquidity Management – A Practical Approach
Wednesday, 13th September 2017 at Clifford Chance LLP, 10 Upper Bank Street, London E14 5JJ, United Kingdom
PROGRAM
09:00 – 09:15
Registration
09:15 – 09:30
Welcome Remarks

Senior Official - Clifford Chance LLP or IIFM (TBA)

09:30 – 10:15
Unrestricted Wakalah Standard – An Emerging Islamic Liquidity Management Alternative

- Unrestricted Wakalah and its Use in the Islamic Inter-Bank Market 
- Standard Master Unrestricted Wakalah Documentation & Operational Guidelines
- Accounting Assessment for IIFM Unrestricted Wakalah Master Agreement
- Providing Level Playing Field to Islamic Financial Institutions by Regulators

Speakers

Ijlal Ahmed Alvi, Chief Executive, IIFM, Bahrain
Dr. Ahmad Rufai, Head of Compliance, IIFM, Bahrain

10:15 – 11:00
Collateralized Murabahah Standard – Alternate to Repo

- IIFM Standard Collateral Documentation & Guidance Memorandum – Key Features
- Legal aspects such as:
    - Security Interest vs Title Transfer
    - Maintenance of Collateral Level
    - Treatment of Collateral in case of default etc
- Monitoring and treatment of pledge securities for bilateral transactions
- Bilateral and Triparty Collateral Management arrangements   

Speakers

Ismail Dadabhoy, Advisor, IIFM, Dubai
Habib Motani, Partner, Clifford Chance LLP, London
Senior Official, DDCAP Group, London (TBA)
Senior Official, Euroclear Bank, Dubai (TBA)

11:00 – 11:30
Coffee Break
11:30 – 13:30
Islamic Hedging Standards

- Background and Overall Developments in Islamic Hedging Segment
- ISDA/IIFM Tahawwut Master Agreement (TMA)
   - Unique Clauses and Designated Future Transactions (DFT) Examples
- Islamic Hedging Product Confirmations
    - Islamic Profit Rate Swap
    - Islamic Cross Currency Swap
    - Islamic Foreign Exchange Forward
- Islamic Credit Support Deed
- EU Variation Margin Regulation (Islamic Banks Perspective)
- Law Reforms in Islamic Jurisdictions and TMA Legal Opinions   

Speakers

Habib Motani, Partner, Clifford Chance LLP, London
Ijlal Ahmed Alvi, Chief Executive, IIFM, Bahrain
Dr. Peter Werner, Senior Director, International Swaps and Derivatives Association (ISDA), London (TBC)

13:30 – 14:30
Lunch and Close of Workshop

The program is subject to change

Register