Leap Master Agreement

SEMINAR DETAILS
CPE: 7.5 hours
Program Level: Basic to Intermediate
Field of Study: Specialized Knowledge and Applications
Prerequisites: None. No advance preparation needed.
Instructional Delivery Method: Group Live
Cost: $898
Schedule:  8am – 5pm. Lunch is provided at 12pm.

Upcoming Dates

     

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    Brief: There is now a state of the art form for trading crude oil and refined products: THE LEAP MASTER AGREEMENT.  The course begins with a discussion oil trading and how to use the LEAP Master Agreement to better manage your company’s market and credit risks.   Next, there is a step by step review of the entire LEAP master agreement.  How does the LEAP Master Agreement compare to the ConocoPhillips GTCs, and to the ISDA® with an oil annex?  What special provisions need to be added, and which ones are already part of the LEAP?  The course also includes complete coverage of the “Lessons from Lehman” and the “safe harbor” in bankruptcy for trading contracts.

    Agenda
    Day 1 – 8:30am – 5:00pm

    1. Overview of Oil and Refined Products Trading (8:30 to 9:15)
      1. T/F “Test” on Oil Trading
      2. Oil Trading Markets
      3. Oil Trading Documentation
    2. LEAP Master Agreement 2.1 (9:15 to 10:15)
      1. Leadership for Energy Automated Processing
      2. Comparison to ISDA and ConocoPhillips Form
      3. Highlight Advantages of LEAP Master Agreement
      4. LEAP Initiatives on Electronic Automation
    3. Review LEAP Master Agreement 2.1 (10:30 to 12:00 and 1:00 to 1:30)
      1. T/F “Test” on LEAP Master Agreement
      2. Review Section by Section
      3. Confirmations
      4. Canadian Addendum and Marine Annex
    4. Cover Sheet of LEAP Master Agreement (1:30 to 2:30)
      1. T/F “Test” on Cover Sheet
      2. Review Alternatives Section by Section
      3. Credit and Collateral Issues
      4. Special Provisions
    5. LEAP Master Agreement Negotiation (2:45 to 4:00)
      1. Big Bank versus Power Utility Company
      2. Discuss Forms and Compromises
    6. Looking Forward (4:00 to 4:15)
      1. LEAP Master versus ISDA with Oil Annex
      2. Quality of the Credit Provisions
      3. Negotiation Strategies

    inhouse

    This seminar is also available as an in-house seminar brought to your office. Contact us for more details.

    Not Convinced?

    See what others had to say about LEAP Master Agreement

    Excellent.  Very good interaction with the speaker.  Paragraph by paragraph (comparison) to COP and GT&C was a great approach.

    —Attendee

    Very useful workshop and I will recommend it.

    —Attendee

    LEAP is a great tool and this class really breaks down the LEAP section by section.  I liked how we incorporated real-life scenarios.

    —Attendee


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    Energy Seminars, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
    Refund Policy: If the registrant or his or her agent cancels a registration 3 days or more prior to the seminar date, Energy Seminars, Inc. (ESI) will impose a cancellation fee of $35 if paid by check, money order, VISA, or MasterCard, or $50 if paid by AMEX. If the registrant is a no-show or the registration is canceled less than 3 days prior to the seminar date, ESI can offer only a letter of credit to any future seminar.

    For more information regarding our complaint and refund policies, please telephone our offices at 281-362-7979.