Monday 25th September 2007

08:45 Registration and Morning Refreshments

09:15 Chairman’s Opening Remarks

Keith Mullin, Editor-in-Chief, IFR

09:20 Asian derivatives: on the threshold of explosive growth

• Will the use of derivatives in Asia keep expanding?
• Who is driving market growth and where are the regional hotspots?
• How big is the market now and how big could it potentially be?
• Are there any obstacles to the market’s continued development?
• What needs to happen for the market to transform from its current level of sporadic activity into a genuine flow and solutions market?
• Are the US and Asian dealers here to stay this time?
• Hong Kong or Singapore – where will emerge as the regional centre.

David Lynne, Managing Director, Head of Global Rates Asia, Deutsche Bank

10:00 Equity derivatives – from strength to strength

• Institutional investors and hedge funds have been clamouring for complex equity risk exposure. How is this interest manifesting itself?
• The warrant market is going from strength to strength. Turnover continues to be high in Hong Kong despite some hiccups last year, but will the Singapore and Korean markets keep up their rapid growth?
• There is US$19bn of QDII quota in China, yet banks have only recently been able to market structured equity products. Early indications are that the potential is huge.
• A planned increase in QFII quota from US$20bn to US$30bn should give institutions increased capacity to access products in this market. What are the implications?

Henry Pang, Head of Equities and Derivatives, Asia, BNP Paribas

10:40 Coffee Break

11:00 Commodities – an emerging asset class

• Latest applications in commodity derivatives?
• How are commodity derivatives being used to hedge against volatile prices?
• Is current market activity being driven by end-users and producers or by financial investors and speculators?
• How is India’s and China’s thirst for commodities impacting on the use of commodity derivatives?
• Synthetic CDOs based on commodities are just starting to take off. What need in the market is it meeting?
• To what extent do commodity derivatives allow global firms to extend their franchise?

Ananth Doraswamy, Asia Pacific Head of Global Commodities, Citi.

11:40 Interest Rates and Swaps: New markets, new opportunities

• Where are the new markets for interest-rate derivatives?
• What is driving the growth of new markets?
• Are local currency markets coming on line?
• What is the near-term potential for these markets?
• How are the markets shaping up in terms of offshore versus onshore?

Alex Chee Nan Tan, Director and Co-Head of Interest Rate Trading, Deutsche Bank
Christopher Chan, Executive Director, Structuring, Fixed-Income Marketing. BNP Paribas

12:20 Lunch

13:50 Rating Agency viewpoint on Credit Derivatives and Synthetic CDOs

• What are the main factors in rating credit derivative portfolio swaps or synthetic CDOs?
• What are the key methodologies used?
• What is a structured credit rating hoping to tell investors?
• What issues may arise in rating Asian or Emerging Market credit derivatives or synthetic CDOs as compared to rating transactions in more established jurisdictions?

Allan Redimerios, Associate Director, Structured Finance Ratings, Standard & Poor’s

14:30 Foreign Exchange: a changing landscape

• Asia’s exchange rate regimes are becoming more liberal. How has the landscape changed?
• What opportunities is this increasing liberalisation creating?
• Has Asian FX become big enough to be considered an asset class in its own right?
• What are the latest innovations in Asian FX derivatives?

Gautam Hazarika, Head of Transactional Forex and Marketing, Citi

15:10 Coffee Break

15:30 Property derivatives – barely explored opportunities

• Property derivatives have been used in Australia and Hong Kong. Are they set to take off elsewhere in Asia?
• Will Asian property mania create transfer into the creation of a viable derivatives market?
• The UK derivatives market has been quite successful. What can Asia learn from the UK’s experience?
• Almost all asset classes have been employed in real estate finance. Why are derivatives only beginning to be used?

Paul Collins, Director of Global Rates Asia, Deutsche Bank

16:10 Derivative products for retail investors

• What kind of products are retail investors being offered?
• Why are retail investors being targeted?
• How big is the Asian retail market potentially?
• Who is buying these products and in what countries/markets?
• Are derivative products really suitable for retail investors?
• Is there a danger of retail products being mis-sold to investors?
• Could there be a regulatory backlash?

Agnes Chen, Head of Deposits, Insurance and Investments, DBS Bank Singapore

16.50 Chairman’s Closing Remarks, Questions and Answers

17:00 End of Conference