Securitization is the process by which loans or receivables are pooled together and converted into marketable securities. Cashflows from the loans or receivables support payments on the related securities. This course covers the process of securitization and looks in detail at both mortgage-backed (including the commercial and European markets) and asset-backed securities.
Objectives In this course, you will explore: - the securitization process - the fundamentals of mortgage-backed securities, including the commercial and European MBS market - the fundamentals of asset-backed securities, with particular emphasis on the credit card ABS market - the features and applications of collateralized debt obligations (CDOs), the fastest growing segment of the securitization market
Prerequisite Knowledge A good understanding of fixed income is assumed.
Learner Profile This course is designed for: - new or recent recruits to banking and financial organizations - risk management personnel - treasury department staff - operations and support staff - finance and accounting staff - IT staff - compliance and regulatory staff
Language English
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