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Our Degree Programs
Establishment
Language of instruction
English
Teaching content
FINANCE
Training officer(s)
P.DAGUET
Stakeholder(s)
P.DAGUET
Présentation
Prerequisite
The participants should have basic understanding and knowledge of structured finance as well as corporate finance concepts.
Goal
At the end of the course the student should be able to :
- Understand the mechanics of Securitization at large and specifically CDOs
- Describe Techniques of internal and external credit enhancement and subordination
- Build a simple Cash flow model on CDO
- Understand the mechanics of Securitization at large and specifically CDOs
- Describe Techniques of internal and external credit enhancement and subordination
- Build a simple Cash flow model on CDO
Presentation
I / Introduction to Securitization
•Securitization : the definition and the markets
•Securitization : the motives behind doing it
•Securitization : the various ways to achieve a securitization
II / Type of Assets
•Traditional Asset Classes : loans and bonds
•Non Traditional Asset Classes : stocks, structured assets
•Future Flows Securitization Types
III / Cash Securitizations
• Illustr 1- cash CLO
• Illustr 2- cash CDO
• Illustr 3 – Arbitrage deal
>>> AIG Case Study
>>> A full simulation on a securitization (through XLS)
•Securitization : the definition and the markets
•Securitization : the motives behind doing it
•Securitization : the various ways to achieve a securitization
II / Type of Assets
•Traditional Asset Classes : loans and bonds
•Non Traditional Asset Classes : stocks, structured assets
•Future Flows Securitization Types
III / Cash Securitizations
• Illustr 1- cash CLO
• Illustr 2- cash CDO
• Illustr 3 – Arbitrage deal
>>> AIG Case Study
>>> A full simulation on a securitization (through XLS)
Modalités
Organization
| Type | Amount of time | Comment | |
|---|---|---|---|
| Autoformation | |||
| E-Learning | 25,00 | ||
| Travail personnel | |||
| Charge de travail personnel indicative | 25,00 | ||
| Overall student workload | 50,00 | ||
Evaluation
Each student receives a certificate of proficiency in CDO & Securitization at completion. This certificate of proficiency allows the student to enroll in THE CDO GAME Course.
| Control type | Duration | Amount | Weighting |
|---|---|---|---|
| Contrôle continu | |||
| QCM | 0,00 | 4 | 50,00 |
| Autres | |||
| Projet Collectif | 0,00 | 1 | 20,00 |
| Etude de cas | 0,00 | 1 | 30,00 |
| TOTAL | 100,00 | ||