This course will teach you how to deal with the implications of the transition to risk free rates on cash products, the treasury and operations functions and the derivatives market. Key concerns such as contractual obligations, building liquidity, client communications and accounting repercussions will all be considered.
Day one will start with an update on regulation, the effect it has on the risk free rate transition and how it plays out in different jurisdictions with an overview of the different benchmark options. The day will conclude with two sessions on how the operations function will adapt and what the implications will be on the accounting function.
Speaker Michael Hammer, Director at BDO Austria will present at 15:30 about:
- Hedge accounting relationships
- Fair value hedging
- Discounting/ valuations
- Cashflow hedging
- Modification accounting
Day two will open with a session on how to deal with the transition followed by insights in to the impact on the risk management and control functions. The course will close with a session on the impact on the treasury function and finally, how the legal obligations will change in the derivatives and cash markets.