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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.
Learning Outcomes
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
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.
Certification and Programme Recognition
ICMA is an FCA-approved qualifications provider, approved by the Securities & Futures Commission of Hong Kong as provider of Continuous Professional Training (CPT) and a member of the CPD® Certification Service.
This course is certified by ICMA and the ICMA Centre, Henley Business School, University of Reading.
ICMA recommends that 20 learning hours can be associated with this course, based on attended/undertaken hours of study required to successfully complete the learning outcomes.
A Certificate of Attendance will be awarded to those who meet the minimum attendance requirements for this course.
Please note that your course certificate of attendance or completion should be sufficient to satisfy any professional development requirements – if you require further evidence, please contact us at education@icmagroup.org.
Course Trainers
Neil Schofield
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.
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.
Livestreamed course fees
Members: EUR 2,100 (VAT not applicable)
Non-members: EUR 2,700 (VAT not applicable)
For security reasons, delegates who have not registered in advance will not be admitted to the live sessions.
Classroom Course
Our classroom courses are delivered in-person at a confirmed location.
The Introduction to Securitisation classroom sessions will be delivered in London over 2 full days of training. Tea, coffee and light refreshments will be provided during the course but please note these courses are not catered. If you have any dietary requirements please let us know when you complete the registration form.
Delegates will be given access to our learning management system and the course materials before the live sessions, and will have access to those for a total of three months. During these three months you will have the option to keep working through the course materials at your own pace.
Location Address
TBC
Classroom course fees*
ICMA Members: EUR 2,400 + VAT (if applicable)
Non Members: EUR 2,900 + VAT (if applicable)
*Our prices do not include travel/accommodation. Please do not book any logistics until you receive email confirmation that the course will go ahead. This will be provided 4 weeks in advance of the start date.
For security reasons, delegates who have not registered in advance will not be admitted to the sessions.
Please note:
- All payments must be made in Euro.
Contact
Should you have any queries, please contact education@icmagroup.org
