Asset Securitization | 38 hours Training
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( InternationalUSA-United States )

Asset Securitization [Course Id:3402]

Training Method:E-Learning Course Duration:38 Hours
Demo Class:Yes, Demo Available Course Access:12 Months
Placement:No Placement Support Certificate:Certificate Provided
Booking Status:Open for Booking Course Discount:Rs.0.00 discount


Course Information

KESDEE is the world’s largest financial e-Learning company. KESDEE's e-learning solutions are relevant for the providers of financial services, as well as for users, regulators and advisors of financial services.

KESDEE's e-learning catalog consists of 750 accredited e-Learning courses on various topics such as Banking, Finance, Accounting, Insurance, Risk Management, Financial Planning and Wealth Management. is an Authorized channel Partner of KESDEE Inc.

Asset Securitization (Course - Overview)

Course Overview

Asset Securitization (AS) has revolutionized the field of finance. It provides an opportunity for financial institutions to enhance liquidity, generate fee-based income and optimize the usage of capital. It can be a source of competitive financing for corporations. For investors, securitized assets offer additional investment opportunities with different risk/return trade-offs.

Learning Objective

»  Develop a conceptual framework for Asset Securitization
»  Analyze the factors that influence pricing of Asset-backed Securities
»  Review the Rating Agency’s perspective on Asset Securitization
»  Evaluate the alternative structures for Credit Enhancement
»  Analyze the products and structures of several real-life examples of Securitization
»  Understand various other aspects such as Legal, Accounting, Tax and Supervision

Target Audience

Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from KESDEE’s innovative solutions.

»  Supervisory Agencies
»  Central Banks
»  Financial Institutions
»  Commercial Banks
»  Investment Banks
»  Housing Societies/Thrifts
»  Mutual Funds
»  Brokerage Houses
»  Stock Exchanges
»  Derivatives Exchanges
»  Insurance Companies
»  Multinational Corporations
»  Accountancy Firms
»  Consultancy Firms
»  Law Firms
»  Rating Agencies
»  Multi-lateral Financial Institutions
»  Others

Course Details

1. Overview

This course gives an introduction to asset securitization and its process and the different entities involved in securitization. It helps the user understand:
»  Process of asset securitization
»  Cash flows in asset securitization
»  Benefits to different entities in Asset securitization
»  Global scenario of asset securitization
Duration: 1 hour

2. Credit Enhancement

Topics covered include:
»  Fundamentals of credit enhancement
»  Types of credit enhancement
»  Companies providing credit enhancement
»  Calculating credit enhancement
Duration: 1.5 hours

3. Ratings Approach to Asset Securitization

This course explains the process of rating the asset backed securities. It helps the user understand:
»  Credit rating in asset securitization
»  Various concerns of rating agencies
»  A generalized approach used by rating agencies
Duration: 1.5 hrs

4. Residential Mortgage Backed Securities - Basics

Topics covered include:
»  Basics of Mortgage backed securities
»  Federally sponsored mortgage securities
Duration: 1 hrs

5. Residential Mortgage Backed Securities - Prepayments

Topics covered include:
»  Concept of prepayment
»  Different prepayment standards
Duration: 1 hrs

6. Residential Mortgage Backed Securities - Basic Structures

Topics covered include:
»  Pass Through Securities
»  Pay Through Securities
Duration: 1 hrs

7. Residential Mortgage Backed Securities - Complex Structures

This course gives an introduction to Mortgage Backed Securities (MBS) and its features.Topics covered include:
»  Planned Amortization Class
»  Targeted Amortization Class
»  Stripped Mortgage Backed Securities
»  Floaters
»  CMO Residuals
Duration: 1 hrs

8. Mortgage Backed Securitization (Commercial)

This course gives an introduction to Commercial Mortgage Backed Securities (CMBS) and its features. Topics covered include:
»  Differences between residential and commercial mortgages
»  Elements and features of a typical CMBS
»  Commercial loan evaluation and rating process
Duration: 1.5 hrs

9. Auto Loan Receivables Securitization

This course gives an introduction to Auto Loan Receivables Securitization and its structure. Topics covered include:
»  Types of auto loans originated and securitized
»  Structure of auto loan backed securities
»  Features of trust structures
»  Rating process in auto loan securitization
»  Significant aspects of securitization for first time securitizers
Duration: 2 hrs

10. Credit Card Receivables Securitization

This course gives an introduction to Credit Card Receivables Securitization and its process and features.Topics covered include:
»  Fundamentals of Credit Card Receivables
»  The structure of Credit Card Receivables transaction
»  Securitization process
»  Various measures of maturity
»  Concepts of Interchange and Early Amortization
»  Rating process for credit card receivables securitization
Duration: 1.5 hours

11. Collateralized Debt Obligations

This course gives an introduction to Collateralized Debt Obligations (CDOs).Topics covered include: Fundamentals of CDOs
»  Balance Sheet Vs. Arbitrage CDOs
»  Cash Flow Vs. Market Value Structures
»  Synthetic Structures
»  Motivations behind CDOs
»  Rating Process
»  Role of Asset Manager
»  Distinction between CBOs and CLOs
Duration: 2 hours

12. Case Studies (CDOs, CLOs, CBOs)

This course explains the practical aspects of collateralized obligations, its structure and design with the help of case studies. It discusses the following case studies:
»  Jubilee CDO I B.V
»  ROSE Transaction
»  SBC Glacier Transaction
»  Panther CDO II B.V
Duration: 2 hours

13. Future Flow Receivables Securitization

Topics covered include:
»  The basics of future flow receivables securitization
»  Reasons for future flow receivables securitization
»  Risks involved
»  Securitization of airline ticket receivables
»  Securitization of export receivables
Duration: 1 hour

14. Home Equity Loans

This course explains Securitization of Home Equity Loans with case studies. It helps the user understand:
»  Fundamentals of Home Equity Loans
»  Types of Home Equity Loans
»  Pros & Cons of Home Equity Loans
»  Securitization of Home Equity Loans
»  Structures based on credit enhancement
Duration: 1.5 hours

15. Insurance Risk Securitization-I

Topics covered include:
»  Concepts underlying Insurance Risk Securitization
»  Insurance Loss Indices
»  Instruments of Insurance Risk Securitization
»  Weather Risk Securitization
»  Advantages and disadvantages of Insurance Risk Securitization
Duration: 1.5 hours

16. Insurance Risk Securitization-II

This course gives an introduction to the concept of Catastrophe (CAT) Bonds and the process.Topics covered include:
»  CAT Bonds
»  Issuance of CAT Bonds
»  Probabilities and Cash Flows of CAT Bonds
»  Types of Insurance Risk Structures
Duration: 1 hour

17. Case Studies (Non-Performing Loans)

This course gives an introduction to securitization of non-performing loans. It discusses the following case studies:
»  Korea Asset Funding 2000-1 Limited (KAMCO)
»  Ariosto S.r.l
»  Danaharta
»  Japan II Ltd.
Duration : 1.5 hours

18. Case Studies (Different Products)

This course introduces the user to a few other products that can be securitized. It deals with case studies of products like:
»  Trade receivables securitization
»  Equipment lease securitization
»  Inventory securitization
»  Dealer floorplan receivables securitization
Duration: 1.5 hours

19. Case Studies (Asia and Australia)

This course discusses the following case studies from Asia and Australia:
»  LG Card
»  Pemex Finance Ltd.
»  Pemex Finance Ltd.
»  RAMS Mortgage Corp. Ltd. Series 11
»  Series 2002-1G Medallion Trust
Duration: 1 hour

20. Case Studies (North America and Europe)

This course discusses the following case studies from North America & Europe,the largest markets in terms of securitization:
»  Wells Fargo Student Loans Receivables I LLC
»  BEC Funding LLC
»  Ares Finance S.r.l.
Duration: 1 hour

21. Healthcare Receivable Securitization

This course gives an introduction to securitization of healthcare receivables securitization. It discusses the following:
»  Concepts of healthcare receivables
»  The case of National Century Financial Enterprise
Duration : 1 hour

22. Asset Backed Commercial Paper

This course gives an introduction to Asset Backed Commercial Paper (ABCP) conduits. It helps the user understand:
»  Fundamentals of ABCP conduits
»  Key parties to a transaction
»  The risks faced by ABCP investors and methods to mitigate them
»  Assets securitized through ABCP conduits
»  Legal issues associated with ABCP conduits
Duration: 1.5 hours

23. Project Management

Topics covered include:
»  An outline of various components of a basic asset securitization policy statement
»  Project Plan for Credit Card Responsibility Delegation
»  Project Plan for Auto Loans Responsibility Delegation
Duration: 1 hour

24. Risk Management

Topics covered include:
»  The risks involved in asset securitization
»  Nature of these risks
»  Methods to manage each risk
»  General risk management measures
»  Risk-based capital requirements
Duration: 2 hours

25. Legal Aspects

Topics covered include:
»  The importance of ownership and title to the collateral involved in securitization transactions
»  The importance of establishing priority in having recourse against the collateral
»  The bankruptcy issues and the consequent reforms in the United States
»  The procedures for ABS issue as under the United States laws
»  The UN convention on Assignment of Receivables
Duration : 2 hours

26. Accounting

This course discusses the accounting aspect of asset securitization and the laws governing this issue. It helps the user understand:
»  Accounting for Asset Securitization under FAS 140
»  Sale and loan treatment
»  Gain or loss on sale accounting
»  Investor Accounting
»  Bank Regulatory Capital Relief
»  International Accounting Standard: IAS 39
Duration: 1.5 hours

27. Tax

Topics covered include:
»  Taxation of different participants in the securitization process
»  Tax issues in select countries
»  Applicability of Withholding Tax
»  Relevant aspects of The U.S. FASIT Law
Duration: 1 hour

28. Supervision

Topics covered include:
»  Office of the Comptroller of the Currency
»  Federal Deposit Insurance Corporation
»  Federal Reserve System
»  Interagency guidance on asset securitization activities
Duration: 1 hour


» Disclosures
» Regulations
» Measurement Tools
» Policy Template
» Global Best Practices
» Prospectuses
» Benchmarking Template
» Disclosures
* Regulations
* Measurement Tools
* Policy Template
* Global Best Practices
* Prospectuses
* Benchmarking Template


Trining Provided in


Additional Information

Structured finance refers to highly complex financial products offered by financial institutions to meet the specific financing needs of their clients. Many of these products are designed to reduce the capital requirements, and distribute risk evenly across various participants. These courses provide its readers a thorough understanding of various structured products, such as securitization, and credit derivatives among others
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