The Asset Managers Forum's
Collateral Management Workshop
Wednesday, May 23, 2007
8:30 a.m. - 5:00 p.m. EST
Marriott Marquis Times Square Hotel
Majestic Complex, 6th Floor
1535 Broadway, New York, NY
Program
8:30 - 9:00 a.m.
Registration and Breakfast
9:00 - 9:15 a.m.
Welcome and Introduction by AMF Steering Committee Members
Steve Chittenden, Loomis Sayles & Co.
Ila Eckhoff, BlackRock
9:15 - 10:30 a.m.
Collateral Management - Overview
The panel will discuss the essential elements of collateral management including why collateral is required in certain options and OTC swaps transactions. What types of collateral are used by dealers and asset managers and why are certain types used by market participants? What parties are involved in managing collateral? What agreements are used for managing collateral (IMA, Custodian Agreements, Dealer Agreements, etc.)
Moderator: Ila Eckhoff, BlackRock
Panelists:
Neil Burke, Morgan Stanley
Michael Dever, State Street
Craig Krasinski, Morgan Stanley Investment Management
Ken Legall, Goldman Sachs Asset Management
10:30 - 10:45 a.m.
Refreshment Break
10:45 a.m. - 12:00 p.m.
Collateral Management -Operational Requirements
This panel will review a typical collateral management process, including the tracking of positions, margin calculations, managing margin calls, reconciliation, re-hypothecation and posting Dealer-owned collateral vs. client-owned collateral illustrating the different operations and legal issues.
Moderator: Steve Chittenden, Loomis Sayles & Co.
Panelists:
Michael Burg, Mellon Financial
Robert Burns, BlackRock
Kathy Donadio, Freddie Mac
Joseph Spiro, Deutsche Bank
12:00 - 1:30 p.m.
Luncheon
Speaker to be Announced
1:30 - 2:15 p.m.
Collateral Management Systems
The panel will discuss the basic functions of a collateral management system, including daily monitoring collateral positions, removing excess collateral and adding collateral. Also, the panel will discuss the issues involving different types of collateral such as cash, U.S. treasuries, high-grade corporate, and sovereigns in the domestic and overseas markets.
Moderator: Larry Barnett, Braddock Financial
Panelists:
George Lin, BlackRock Solutions
John Lombardo, Bank of New York
Darren Measures, JP Morgan Chase
Other Panelists To be Announced
2:15 - 3:30 p.m.
Custodian and Dealer Panel
A panel of custodians and dealers will review the special needs of different clients on collateral issues including '40 Act funds, ERISA accounts, separate accounts and certain overseas clients. The panelist will address whether their Treasury function or Operations function controls collateral management. There will be a discussion of need for and use of Tri-party Agreements and Collateral Control Agreements.
Moderator: Pamela Domanski, JP Morgan Asset Management
Panelists:
Vincent Browne, Credit Suisse
Cherie Graham, Brown Brothers Harriman
Michael Moccia, CIBC
Ahmad Sharif, Bank of New York
3:30 - 3:45 p.m.
Refreshment Break
3:45 - 4:30 p.m.
Hedge Fund & Prime Broker Panel
A panel of hedge fund administrators and prime brokers will discuss the challenges to the collateral management process from their prospective. Panel discussion will include topics on cross collateralization/margining, margin financing and reporting.
Moderator: To be Announced
Panelists:
Alan Kennedy, GlobeOp
Julie Meyer, IFS - International Fund Services
Other Panelists To be Announced
4:30 - 4:45 p.m.
Closing Remarks
Registration Information
Registration Fees:
AMF Member: $795
Non-Member: $995
Refund Policy: The Association will issue refunds, each subject to a $75 service charge, on cancellations received in writing on or before Wednesday, May 16, 2007. No refunds will be issued on cancellations after this date. Substitutes are welcome at any time.
For more information regarding this event, or to register, please contact Diane Trupia of the AMF staff at dtrupia@sifma.org or 646-637-9270.
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