INTRODUCTION TO CDO (E- LEARNING)
Année du cours : 1 année(s)
Etablissement : IÉSEG School of Management
Langue : English
Formation(s) dans laquelle/lesquelles le cours apparait :
Période : S1
The participants should have basic understanding and knowledge of structured finance as well as corporate finance concepts.
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
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)
