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Advanced Securitisation Workshop Training Course

This course features three interlocking themes: deal structuring, deal modelling, and what can be termed ?deal microstructure".

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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

FINANCIAL ANALYSIS

Basic Financial Analysis
Principles of Prepayments Analysis
Financial Analysis of Prepayable Securities average life
Advanced Modelling

INFRASTRUCTURING

Basic Cash-Flow Allocation
Advanced Cash-Flow Allocation seller's
Advance Mechanisms simple interest
Periods and dates
Case Study
- Project Chatterbox

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or call us at: (+852) 2273-4393

Three Interlocking Themes

Structuring
The 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.

Have a question? Email us at:

or call us at: (+852) 2273-4393

Why Ethan Hathaway training courses?

Practical. Learn from experienced and active industry practitioners and what's being practiced by your peers.
Applicable. Apply what you learn in your job and your career
Specially designed courses by industry active experts for industry practitioners
Quality Control. Each expert instructor is interviewed and vetted through our senior management and our 5-point instructor criteria.
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
Limited seats - each session is limited to between 18-25 seats

What do you receive from an Ethan Hathaway training course?

You gain knowledge and skills that make you valuable to your company and your career
Instruction by industry experts
Course notes and reference package
Daily lunch, snacks and refreshments
Certificate of completion
Meeting your industry peers
Ask questions relevant to your job

Download the course brochure to learn more

Your course instructor

To be confirmed: Details of the trainer will be available shortly.

Thank you for your patience.

Dates & Locations & Fees

Sorry, there are presently no public dates for this course, however, this course is available on an in-house basis.

Date	Location	Venue	Course Fee	Early Bird Fee	Register

Early Bird Savings Early Birds Save Up To 30% Off the Regular Fee, download the brochure to learn more

Limited seats - Email us: for availability.

* Venue, dates, course fees, promotions, course content, course instructor are all subject to change

Can't find a session in a city near you?

If there's no session scheduled in a city near you, you have the following options:

In-house training: If you have a group of 8 or more, consider having us run this course in-house for you
Co-sponsored training: Between 5-7 people, consider a co-sponsored course - you agree to send this set number of people to the course if we run it in a city near you and Ethan Hathaway sells the remaining seats to other companies
Distance learning: Less than 5 people, consider distance training format: live trainer presents over phone lines/web at pre-scheduled times (available only for select courses)
Just tell us where you want the course: Let us know which city you'd like us to run this course in - we'll plan it if there's enough demand

Email us at: for more information regarding the above options.

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: +852 3014-0721
Or call: +852 2273-4393 during normal office hours

Related Courses

Presently no related courses listed.

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
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Course registration form
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