Global Financial Markets Institute»Asset Backed Securities

Asset Backed Securities

Asset Backed Securities (ABS) are created through a process called securitization. This interactive course examines the features and characteristics of ABS. A variety of deals in different asset classes will be analyzed using actual pre-sale reports. Factors influencing pricing such as prepayments and default rates will be evaluated. A brief overview of the factors causing the credit crisis will be discussed. The Dodd Frank Act and other current issues will be considered. Changes in the methodologies used by rating agencies since the credit crisis will also be discussed.

Course Objectives

By the end of the course, participants will be able to:

  • Describe the features and characteristics of ABS
  • Evaluate issuer and investor applications
  • Discuss fundamental pricing concepts
  • List the major categories of collateral classes
  • Identify the risks associated with ABS

Suggested Prerequisites:

  • Fundamentals of the Capital Markets / Securities Industry
  • Fixed Income or equivalent knowledge

Program Level:Foundational

Advance Preparation: None

Computers and Financial Calculators: N/A

Recommended CPE Credits: 7