This course is designed to provide an introduction to Securitization. The course starts off by discussing a generic securitization structure and the motivations for issuers and investors. The process of bringing a new issue to market will be discussed. Credit and prepayment performance of underlying collateral, including residential and commercial mortgages, are examined. Re-REMICS will be explained. Risk and return measures will be analyzed.
The class was a “great overview of securitizations to both reinforce and enhance my current knowledge and understanding in this area,” said a recent graduate while another called it a “great session.” Both gave the course their highest rating.
By the end of the course, participants will be able to:
- Explain the features and characteristics of securitization
- Differentiate between securitization and asset backed securities
- Identify the main applications of securitization
- Recognize the main risks
- Discuss the main terminology used in the marketplace
- Identify the different structures in the market
- 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