Course description
This course is designed to provide delegates with a thorough introduction to securitisation. The syllabus will cover the different structures with a primary focus on European transactions.
The main principles of the course will be illustrated using several different real-life case studies.
Upcoming start dates
Suitability - Who should attend?
This course is suitable for anyone with an understanding of the fundamental concepts of finance and fixed income that needs a holistic overview of the securitised market. Previous participants have come from varied backgrounds such as central bankers, traders, middle office analysts and lawyers.
Outcome / Qualification etc.
By completing the course you will be able to:
- Understand what is meant by securitisation
- Explain the main roles performed in the securitisation process
- Describe the different of structures used in the market
- Outline the main principles of collateralised loan obligations
Training Course Content
The syllabus is divided into several topic areas:
Whole business securitisation
Characteristics of securitisation that include:
- Typical structures
- Analysing the underlying assets
- The nature of the cash flows
- Forms of credit enhancement
- Other protection mechanisms such as interest rate swaps
- Regulation
Collateralised Loan Obligations
- Structure
- Motivations
- Participants
- Concept of credit correlation
Capital relief trades
- Understanding the concept of risk-weighted capital
- Calculating issuer and investor capital requirements
- Significant risk transfer
- Credit default swaps
- Capital Relief Trades (‘synthetic securitisations’)
Assessment
Although there is no formal exam-style assessment, the course will make extensive use of a web-based system used as a way of ensuring that participants are fully engaged in the learning process. This will allow participants to informally and anonymously self-assess their learning across a series of dimensions:
- Recall of facts
- Understanding of concepts
- Applications of principles
- Critical thinking
- Reason-based thinking.
Course delivery details
Livestreamed Course
ICMA courses are delivered via video conferencing accessed on our digital learning platform, using the most effective pedagogical approaches and incorporating interactive functions like virtual breakout rooms.
The Introduction to Securitisation live sessions are delivered in four 3.5 hour sessions over the course of two weeks. You will be given access to the course materials before the live sessions, and will have access to those for a total of three months from the first live session. During these three months you will have the option to keep working through the course materials at your own pace.
Expenses
Livestreamed course fees
- Members: EUR 2,100 + VAT (if applicable)
- Non-members: EUR 2,400 + VAT (if applicable)
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International Capital Market Association
For close to 50 years, ICMA’s educational offering has played a major part in its mission to raise standards in the international capital market. Our courses are designed and delivered by industry professionals for industry professionals. The offering comprises a...