Advanced Securitisation Workshop Training Course
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*18 seats only for each public session
Securitisation training course overview
This course is patterned after the Advanced Securitisation Workshop, which has been developed for the Australian Securitisation Forum over the course of twelve years.The course features three interlocking themes: deal structuring, deal modelling, and what can be termed ?deal microstructure".
Course Highlights
FUNDAMENTALS OF STRUCTURING- Securitisation in a nutshell
- Securitisation in a Post-Enron world
- Principles of Credit Enhancement
- Basic Structuring Rules
- Asset Backed Commercial Paper
- Commercial Mortgage Backed Securities
- Collaterised Debt Obligations
- Extending the Frontier
- Basic Financial Analysis
- Principles of Prepayments Analysis
- Financial Analysis of Prepayable Securities average life
- Advanced Modelling
- Basic Cash-Flow Allocation
- Advanced Cash-Flow Allocation seller's
- Advance Mechanisms simple interest
- Periods and dates
- Case Study
- Project Chatterbox
Three Interlocking Themes
StructuringThe course begins with the basics of securitisation, running through structuring rules and the principles of credit enhancement, as well as a high-level assessment of securitisation as a corporate strategy. The advanced elements of this thread involve a detailed examination of different asset classes, and the requirements of structuring a successful program.
Modelling
So as to establish a common ground, as well as to introduce standard conventions for creating spreadsheet models, this sequence starts with basic finance?the IRR of a bond. It then moves on to the intricacies of modelling collateral,
especially prepayment models and average life, before returning to the evaluation of prepayable securities from the perspectives of both issuer and investor.
Microstructure
The microstructure component is concerned with the nuts and bolts of how a deal works, from the perspective of a program manager required to administer and audit a securitisation program. Topics include principal-and-interest
cascades, allocation and restoration of losses, turbos, liquidity draws, collection mechanics, and deferred-purchase-price accounting for securitising trade receivables.
Project Chatterbox
Project Chatterbox is an extended practical, bringing together all three course elements. You will create a program to securitise payments due to a mobile phone operator in respect of customers' handsets. The exercise requires you to understand the complete suite of documents, draft key cash-flow provisions, produce the program manager's monthly certificate, and sell the bonds.
Who should attend?
The course starts with securitisation basics, so as to accommodate participants who have not had the benefit of a basic securitisation course. Nonetheless, it is quite aggressive in its target outcomes, and is suitable even for experienced securitisation professionals.This course is suitable for securitisation professionals, capital markets professionals, corporate financiers, structured financiers, credit staff and risk professionals.
Run this course in-house
Consider running this course as an in-house course where you want, when you want and tailor the course to how you want it.
You can gather a group of your colleagues and/or invite your clients.
Find out more about running this course or any other one of our courses in-house.
Why Ethan Hathaway?
- Practical. Learn from experienced industry practitioners and what's being practiced by your peers.
- Applicable. Apply what you learn in your job and your career
- Valuable. Earn more revenue or save your organisation from monetary loss . You and your organisation will quickly earn back your investment on the course fee and more
- Enjoyable. Speakers who have a passion for their topic
- Clear. Turning complex concepts into easy to understand concepts
Learn more about this course
Inside the course information booklet you'll find:
- Detailed course agenda of what you'll learn
- Eligible discounts
- Our course quality guarantee
- Course expert biography
- Course venue details
- Course registration form
- Printer-friendly PDF
- Small file size for fast & easy download
Complete the details to the right and click on "Send me the booklet" to have the course booklet emailed to you immediately.
We will never sell, rent or exchange your details to any 3rd parties. We value your privacy.
Register for the course
You may book your place on the course by any of these methods:
- Online booking - simply click on the "Register Me" button next to the course date you wish to register and it will take you through our quick online registration procedure.
- Email us at:
- please include your full contact details. - Fax us the booking form (included in the brochure) to: UK: +44 87 1715 0414 / Hong Kong: +852 3014-0721
- Or call: +852 2273-4393 during normal office hours
Advanced Securitisation Workshop Training Course
| Date | Location | Venue | Investment | Register |
|---|