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Corporate Credit Analysis Training Course

Date	Location	Venue	Investment	Register
17 Nov - 19 Nov, 2008	HK, Hong Kong	TBA	US$4398
1 Dec - 3 Dec, 2008	London, UK	Grange Beauchamp Hotel	£2597

*18 seats only for each public session

      

Corporate Credit Analysis Training Course Overview

This programme is designed for banking and credit professionals seeking to advance their analytical skills. The course uses a structured approach to evaluate a company's creditworthiness, sharpen credit judgement and anticipate a deterioration in credit quality. Case studies and exercises are widely used to ensure that the training is practical and interactive.

Corporate Credit Analysis Training Course Agenda

• Introduction
  • Course objectives
  • Structured approach for credit analysis
  • Probability of default, loss given default and expected loss
  • Credit cycles: a historical perspective
• The Qualitative Aspects
  • Sovereign risk issues
  • Industry dynamics and regulatory issues
  • Company-specific risks
  • Sustainability of competitive advantage
  • Evaluating management and corporate governance
  • Rating agency approach: factor mapping
  • Case study on non-financial risk
• Financial Reporting
  • Accounting refresher: terminology, tricky issues
  • Accounting checklist: key areas to focus on
  • Impact of international accounting standards
  • Current debate on financial reporting
• Financial Risk and Cash Flow Analysis
  • Key financial ratios
  • Defining cash flow: free cash flow, EBITDA
  • Cash flow cascade and understanding the derivation of cash flows
  • Cash flow adequacy, liquidity and ratios
  • Net working assets
  • Off-balance sheet issues
  • Financial flexibility and consistency
  • Analysis of corporate using publicly available information
• Forecasting and Modelling
  • Cash drivers
  • Principles and pitfalls of forecasting
  • Stress tests and benefits of forecasts
  • Case study: business plan in the car industry
• Structuring
  • Credit risk of debt instruments
  • Documentation issues and covenants
  • Group structures
  • Debt structures, subordination and insolvency regimes
  • Collateral, guarantees and recovery prospects
  • Structured finance case study exploring capital structure and debt capacity
• Rating Agencies
  • Methodology and track record
  • Role of rating agencies and regulatory issues
  • Overview of capital allocation/Basel II/Shareholder Value
  • Notching principles
• Financial Distress
  • Key operational indicators
  • Financial early warning signals
  • Recovery analysis
• Measurement of Credit Risk
  • "Putting it all together": the measurement of credit risk
  • Scoring systems
  • Monitoring credit quality

      

Who Should Attend this Loan Documentation Training Course?

• Corporate & Commercial Bankers
• Credit analysts
• Credit professionals
• Syndications staff
• Trade finance staff
• Project finance staff
• Finance staff from non-banking institutions

      

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

Register for the course

You may book your place on the course by any of these methods:

1. 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.
2. Email us at: - please include your full contact details.
3. Fax us the booking form (included in the brochure) to: UK: +44 87 1715 0414 / Hong Kong: +852 3014-0721
4. Or call: +852 2273-4393 during normal office hours

Corporate Credit Analysis Training Course

Date	Location	Venue	Investment	Register
17 Nov - 19 Nov, 2008	HK, Hong Kong	TBA	US$4398
1 Dec - 3 Dec, 2008	London, UK	Grange Beauchamp Hotel	£2597