Collateralised Debt Obligations for Lawyers
Short course
In City Of London
Description
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Type
Short course
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Methodology
Inhouse
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Location
City of london
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Class hours
3h
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Duration
1 Day
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Start date
Different dates available
Course Overview:
At the end of this course delegates will have an understanding of the structured nature of this specific asset backed security, the use of credit derivative enhancements and the risks and opportunities that CDOs represent.
Facilities
Location
Start date
Start date
Reviews
Subjects
- Collateralised debt
- Credit derivative enhancements
Teachers and trainers (1)
Former Practitioner
Former Practitioner
Course programme
Course Overview:
At the end of this course delegates will have an understanding of the structured nature of this specific asset backed security, the use of credit derivative enhancements and the risks and opportunities that CDOs represent.
Course Content:
Introduction
- Recap on Securitisation principles
Overview of the CDO market
- What is a CDO, how does it differ from ordinary securitisation
- Development of the CDO market and synthetic structures
- The practicalities of creating a CDO.
Structuring a CDO
- Choosing the tranche structures
- Risk/reward profiles
- The role of the rating agency
Enhancements
- Using Credit Derivatives to replace or enhance the asset pool
- Credit Default Swaps
- Total Return Swaps
Refining the structure
- Variations of Collateralised Debt Obligations (CDOs)
- Synthetic Collateralised Debt Obligations (SCDOs).
- CDO squared
- Coping with an event of default or variation (restructuring / takeover)
Collateralised Debt Obligations for Lawyers