Beard Audio Conferences

Understanding Credit Default Swap Contract Risks

How Good is Your CDS? Legal and Financial Considerations

Location: Your office or conference room (no need to travel!)

Date : Audio CD Available

Time(s):

  -   Eastern Time
  -   Central Time
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Hosted By : Beard Group Law and Business Publishers and the Troubled Company Reporter

This conference will include:

Todays $45 trillion CDS market is roughly twice the size of the entire U.S. stock market. Yet despite its staggering size, the unregulated over-the-counter CDS market and its vast underpinnings remain a mystery to even the most sophisticated of investors.

What's more, the spider's web of connections between Credit Default Swaps and global subprime failures, ratings downgrades, monoline exposure, and billion-dollar losses by commercial banks and insurers means your potential CDS risks are greater than ever.

Invest in this Audio CD (recorded April 2008) and let noted restructuring attorney Andrea Pincus -- quoted in Time Magazine regarding the impending CDS crisis -- help you better understand the make-up of your CDS portfolio. Shell provide a plain-English explanation of the structure of CDS transactions, then analyze the state of todays market, empowering you to better manage CDS contract risks, tap into potential rewards, and spot warning signs along the way.

Youll discover:

Whats behind the curtain? What you need to know about the structure of todays CDS contracts and their evolution from hedging vehicle to highly customized alternative investment vehicle,
Mechanics of a typical CDS transaction, including required documentation and critical contract terms
Special challenges and concerns for CDS written on asset-backed securities and backed by financial guaranty policies
What is counterparty risk? How is it affected in the face of subprime meltdowns, concentration of major players, the ongoing liquidity crisis, and shaken investor confidence?
Changing dynamic for troubled companies due to the high volume of CDS trading in the secondary market and related pressure on CDS buyers to push troubled companies into Chapter 11
New initiatives from ISDA, including modifications to standard forms
Prospects for regulation and changing accounting principles
Emerging areas of dispute and litigation like ambiguous documentation, valuation methodologies, and conflicts over collateral obligations. Learn how to identify them before they sabotage your portfolio
Hedging your hedge potential upsides for distressed investors

Who Will Benefit:
All those participating in todays Credit Default Swap market both buyers and sellers of CDS protection and their legal and financial advisors. This easy-to-attend audio briefing is designed to help you better understand the latest market dynamics affecting ways to value your holdings or unload them.

Speaker(s):

Andrea Pincus
Reed Smith LLP

Andrea Pincus joined the law firm of Reed Smith LLP as a lateral partner in February 2008, and is a member of the firms Commercial Restructuring & Bankruptcy Group and the firms Financial Industries Group.

In her practice, Andrea represents hedge funds, banks and other institutional investors, bondholders and trustees, as well as ad hoc and official committees, secured creditors, governmental entities, private individuals and debtors-in-possession in all aspects of Chapter 11 cases as well as out-of-court workouts involving private and publicly-held companies.

In the related areas of capital markets and structured finance, Andrea represents hedge funds, banks and other financial institutions in connection with distressed investing strategies, structured debt, and derivative transactions based on ISDA documentation, with a particular focus on credit default swaps and valuation disputes.

Andrea is member of 100 Women in Hedge Funds, a global association of women in the hedge fund industry, and serves on its Philanthropy Committee and Governance Committee. In addition, she is a member of the American Bankruptcy Institute as well as the Turnaround Management Association.

Understanding Credit Default Swap Contract Risks


Conference Audio CD + Written Materials	US$	95.00	add to cart

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