3.1 Understanding the ISDA Master Agreement structure and its architecture [e.g., of specific purposes of Master Agreement, schedule, confirmation, incorporation of documents by reference (e.g., ISDA definitions), changes made to standard forms by parties, how different types of derivatives are documented, etc.]
3.2 Outline of development and purpose of ISDA Master Agreements (1987, 1992 and 2002), schedules, user guides, definitions, etc., and the key changes made from one form of agreement to the next (e.g., types of netting, set-off, walk-away clauses and the Second Method, Loss v. Market Quotation, etc.)
3.3 Outline of drafting history of ISDA Master Agreements, schedules, user guides, definitions, etc., and legal issues considered and opinions of leading counsel sought.
3.4 Outline of key provisions of ISDA Master Agreement and schedules (e.g., conditional payment, events of default, termination events, close-out netting, choice of law, etc.)
3.5 ISDA multi-jurisdictional netting, enforcement and collateral opinion projects
3.6 Conflict of laws, cross-border and insolvency issues and concerns
3.7 Measures of damages and close-out methodologies