has the leading derivatives market in Latin America and one of the
world’s largest commodities and futures exchanges. An ever increasing
variety of products are traded on the Brazilian derivatives markets,
from interest rate and foreign exchange to commodities and credit
derivatives. Brazil’s increased macroeconomic stability and its
long-awaited receipt of investment-grade status are expected to have a
significant positive impact on the Brazilian derivatives markets.
are the main products currently traded? What is the regulatory and
institutional framework for these markets? What are their future
prospects? Which are the standard documents used in derivatives trades?
Please join IBRADEMP for a discussion about these and other relevant
issues concerning the Brazilian derivatives markets.
Fernando Ruiz de Almeida Prado
is a partner at Pinheiro Neto Advogados and represents the firm before
ISDA, the International Swaps and Derivatives Association. Mr. Prado’s
practice focuses on corporate and financial transactions, capital
markets and derivatives. He drafted the Contrato Global de Derivativos,
the agreement that has become the standard contract for local
derivatives transactions and has actively practiced in the area since
the first regulations were enacted. Mr. Prado was also one of the
drafters of the close-out netting opinion for Brazil, prepared for ISDA
by Pinheiro Neto Advogados and another Brazilian law firm.
Tiago A. D. Themudo Lessa is
a senior associate at Pinheiro Neto and currently a visiting
international attorney at Allen & Overy LLP in New York. He has
advised clients on foreign investments in Brazil, derivatives
transactions, foreign exchange regulations and structured finance
deals. Mr. Lessa has worked closely with Mr. Prado in many of his
transactions, and assisted him in drafting the Contrato Global de
Derivativos and the close-out netting opinion to ISDA.
Herman Hirsch is
a Managing Director and head of the Corporate Equity Derivatives Group
at Citigroup with responsibilities for structuring and executing large
derivatives based equity transactions in the US, Asia and Latin
America. Typical derivatives transactions include share repurchase,
hedging and financing for clients around the world. Mr. Hirsch has
completed hundreds of transactions in this area and was awarded the
2005 IFR Award for US Structured Equity Issue of the year for an
innovative Private Mandatory Convertible Note transaction.
Ilene Froom is
an Executive Director and Assistant General Counsel in the legal
department of J.P. Morgan Chase & Co. She works on equity
derivatives transactions, including options, swaps, forwards and
structured trades. Ms. Froom frequently speaks at industry conferences,
including for ISDA and ACI.
- Marcello Hallake, Partner, Thompson & Knight LLP
- Marcio Mello Silva Baptista, Partner, Tozzini Freire Advogados
- Guilherme Ferreira, vice-president, emerging markets, Lehman Brothers Inc.
- Adriana Kertzer, associate, Simpson, Thacher & Bartlett LLP
- Fernando Szterling, associate, Sidley Austin LLP
- Beatriz Franco, vice-president, capital markets, JPMorgan Chase & Co.