Part 1 Only: Introduction to the Taxation of Financial Instruments Series: Fundamentals of Taxation of Debt Instruments and Derivatives

Date & Time: Thursday, October 2, 2014 from 6:00 pm to 9:15 pm

CLE Credit: Yes

Event Description
Credit: 3.0 Credit Hours 

This session provides a brief explanation of the business reasons for using financial instruments and an introduction to the tax rules that govern such instruments and transactions. Learn the fundamentals of the taxation of debt instruments, including the accrual and determination of original issue discount (OID), as well as the rules relating to market discount and premium. The application of the rules governing variable rate debt instruments (VRDIs) and contingent payment debt instruments (CPDIs) are explained and demonstrated.  


The second half of this session explains the economics and taxation of a variety of derivatives, including options, notional principal contracts (swaps), forward contracts, and futures. Short sales and securities lending transactions also are addressed. Finally, learn about the application of mark-to-market rules of §1256 of the Internal Revenue Code (IRC), as well as the rules governing the settlement of derivatives (e.g., IRC §1234A).

D.C. Bar Conference Center
1101 K Street NW
(Nearest Metro Stop: Metro Center 12th Street)
Washington DC 20005
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Contact Information
CLE Program
Phone: 202-626-3488
Fax: 202-942-9750


  • David Cubeta, Miller & Chevalier Chartered
  • Craig Gibian, Deloitte Tax LLP
  • Eileen Marshall, Wilson Sonsini Goodrich & Rosati P.C.


D.C. Bar Members


Government Attorneys




Taxation Section


Printable registration form