Credit Derivatives | 28 hours Training
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( InternationalUSA-United States )
Credit Derivatives [Course Id:3403]
Training Method:E-Learning Course Duration:28 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.

Credit Derivatives (Course - Overview)

Course Overview

The development of credit derivatives is a logical extension of two significant developments: securitization, and derivatives. Credit derivatives are contracts that transfer an asset’s risk and return from one counterparty to another without transferring ownership of the underlying asset.

The choice of the contract depends upon the goals a financial institution is looking to achieve. The global market for credit derivatives is still quite small compared with other derivatives markets, but it is growing rapidly. A number of impediments could slow the growth of this market, most of which revolve around the complexity involved in pricing and documenting these transactions.

Learning Objective

»  Accounting and control considerations
»  Why deals are structured in certain ways
»  The importance of risk management and control matters
»  The impact of E-commerce on credit derivatives trading
»  Taxation issues arising from credit derivatives
»  Regulatory risks surrounding credit derivatives transactions

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 of Credit Derivatives

This course familiarizes the user with:
»  Credit derivatives market
»  Basic instrument types of credit derivatives
»  Its main applications
»  Pricing and regulatory issues
Duration: 2 hours

2. Credit Risk

This course is an introduction to the concept of credit risk, which is basic to the understanding of credit derivatives. It includes:
»  Basics of credit risk
»  Quantitative measurement techniques
»  Pricing of credit risk
»  Comparison of models for credit risk
»  Applications of Credit Derivatives
Duration: 1.5 hours

3. Credit Rating Dynamics

Topics covered include:
»  Rating process from the perspective of major rating agencies
»  Analysis of implications for credit derivatives
»  Analysis of risks involved
Duration: 1.5 hours

4. Emerging Markets

This course updates the user on the development of credit derivatives in emerging markets. It covers the following:
»  Status of credit derivatives market within emerging markets
»  Risks involved in emerging markets and how credit derivatives can alleviate them
»  A few credit derivative structures in an emerging market framework
Duration: 1.5 hours

5. Classic Credit Derivatives

This course gives a description of the classic structures of credit derivatives. It explains the following structures:
»  Credit Guarantees
»  Revolving Credit
»  Repos
»  Asset Swaps
Duration: 1 hour

6. Total Return Swaps

Topics covered include:
»  Basic structure of total return swap agreements
»  Various applications of such instrument
»  Benefits to various parties
»  Issues affecting bank regulatory capital
»  Pricing related issues
Duration: 1 hour

7. Structured Notes

This course provides an introduction to Credit Linked Notes. It helps the user understand:
»  Need, nature and types of Credit-linked Notes
»  Structures and advantages
»  Unique features of these structures
»  Variations possible from the basic structure
Duration: 1 hour

8. Repackaged Notes

This course enables the user to understand:
»  Concept of repackaged notes
»  Comparison with other structures
»  Structures an designs
»  Various strategies adopted for repackaging
Duration: 1 hour

9. Credit Portfolio Securitization Structures

This course provides details of various credit portfolio securitization structures. It helps the user understand:
»  Nature and types of collateralized bond and loan obligations
»  Differences among them
»  Synthetic structures
»  Key areas of risk
»  Regulatory capital issues
Duration: 1 hour

10. Case Studies for CPSS

This course discusses the following case studies for credit portfolio securitization structures:
»  Rose
»  Nations Bank Commercial Loan Master Trust
»  Glacier
»  Bistro
»  Eisberg Finance Ltd.
»  C Star
Duration: 2 hours

11. Credit Default Swaps

Topics covered include:
»  Main features of credit default swaps
»  Pricing issues
»  Various structure types
»  Uses, advantages and disadvantages
Duration: 1.5 hours

12. Case Studies for Credit Default swaps

This course discusses various case studies related to credit default swaps. These include:
»  H.K Synthetic Deal
»  The Fourth Promise Securitization Programme
Duration: 1.5 hours

13. Credit Spread Options

Topics covered include:
»  Basics of Credit Spread options
»  Credit Spread Puts
»  Credit Spread Calls
»  Credit Spread Collars
»  Credit Spread Forwards
Duration: 1 hour

14. Bank and Institutional Applications

This course discusses the application of credit derivatives for active management of bank loan portfolio. It helps the user understand:
»  Credit Portfolio Management through Credit Derivatives
»  Portfolio Credit Default Swaps
»  Synthetic Securitization
»  A case study BISTRO (Broad Index Secured Trust Offering)
Duration: 1 hour

15. Investor Applications

This course discusses various investment applications of credit derivatives. It covers the following:
»  Creating synthetic credit exposure resembling a corporate bond
»  Credit overlays and their use
»  Leverage in credit derivatives
»  Creating structures with desired risk profiles
Duration: 1 hour

16. Corporate Applications

This course discusses the applications of credit derivatives for corporates. It covers the following:
»  Existence of credit risk in corporate portfolio
»  Uses of credit derivatives as a tool for transferring credit risk
»  Present users of credit risk
Duration: 1 hour

17. Pricing Credit Derivative Instruments

This course describes in brief the techniques used for pricing credit derivatives. It helps the user understand:
»  Theoretical models for pricing credit derivatives
»  Pricing of default swaps
»  Asset swap approach
»  Pricing of credit spread options
Duration: 1 hour

18. Risk involved in Credit Derivatives

»  This course discusses various risks involved in using credit derivatives like credit risk, reputation risk, liquidity risk, transaction risk, compliance risk, legal and regulatory risk, counterparty risk, and pricing risk. It also covers principles of risk management
Duration: 1 hour

19. Documentation

This course discusses the issues related to documentation in credit derivatives. It covers the following:
»  ISDA and The Master Agreement
»  ISDA objectives and benefits of standard documentation
»  Definitions in line with ISDA Documentation
»  Applicability of Credit Definitions
Duration: 1 hour

20. Regulations

This course details various regulations related to credit derivatives. It helps the user understand :
»  Regulations related to both funded and unfunded credit derivatives
»  Treatment of credit derivatives in the trading book
»  The New Capital Adequacy Framework
»  Variations in the treatment of specific issues in different jurisdictions
Duration: 1.5 hours

21. Legal Issues

This course helps the user understand:
»  Evolving legal issues concerning credit derivatives
»  Applicability of some statutory laws to credit derivative transactions
»  How related legal aspects are dealt with in the U.S. and three European nations
Duration: 1.5 hours

22. Accounting

This course gives an introduction to the general accounting principles for credit derivatives. It covers the following:
»  General principles of derivatives accounting under FAS 133
»  Accounting for Credit Derivatives using
»  Fair-Value Hedge Accounting, and
»  Cash Flow Hedge Accounting
»  Examples of Total Return Swaps and Credit Default Swaps
Duration: 1 hour

23. Taxation

This course discusses the US federal income tax considerations of :
»  Total return swaps
»  Default swaps and
»  Credit-linked notes
»  Credit Spread Options
Duration: 1 hour

» Disclosures
» Regulations
» Financial calculators
» Policy Template
» 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


Course Fees & Discounts
Course Fee:[?]This is Regular course Fees without any discounts.Rs.21600.00 Provider Discount:[?]It's discount amount offered by Trainer Provider (KESDEE Inc).Rs.0.00
Final Amount:[?]This is Final Course fee after deducting the discount amount of Rs.0.00 from Actual Course Fee of Rs.21600.00Rs.21600.00

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