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Our courses are intended for a global audience, with each one being completely customisable to suit the needs of the individuals it is being delivered to.

They can be delivered in London or in your home town. You decide.

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Asset Backed Securities

  • Banking and Financial Markets, Bonds & Fixed Income Markets, Corporate Finance, Corporate Treasury, Risk and Credit
  • Duration: One day
  • Information

    A one day highly participative programme

    After attending this course clients will be able to understand the products, techniques, practices and application of structured debt finance. The course will include discussion on the causes and consequences of recent upheavals in credit markets. It is assumed that participants already have a basic understanding of credit market terminology and concepts.


    Session 1:

    Introduction to securitization

    • Major originators and types of asset securitized

    • Motivations for originators, managers and investors

    • Basic principles; bankruptcy remoteness, true sale, SPVs

    • Credit enhancement methods

    • Role of the rating agencies

    • Different types of securitisation

    Session 2:

    Mortgage backed securities

    • Overview of mortgage debt market and mechanics

    • MBS issuance trends

    • How US sub-prime triggered the credit crunch

    • Case study: Analysis and discussion of an MBS transaction

    Session 3:

    Collateralised Loan Obligations

    • LBOs and leveraged loan market

    • Common structures, deal and instrument types

    • Issuance trends and current market challenges

    • Case study: Analysis and discussion of a CLO transaction

    Session 4:

    Collateralised Debt Obligations

    • Types of CDO structure and collateral

    • Cash and synthetic examples

    • Fully funded versus hybrid form

    • Senior super swaps

    • Hangover after the party – the banks’ CDO write-downs

    • Case study: CDO write-down’s at UBS

    Course Close

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    As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.

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