Securitization - Part 1

Securitization - Part 1

Overview

This eCourse consists of two modules. Module 1 examines in detail the main elements of the securitization process, providing information on a variety of topics including the main players involved in the process, the construction of the securities, and the motivations for a securitization.

Module 2: focuses on mortgage-backed securities, both in the United States and elsewhere on the globe. It examines the scale of the markets and the key characteristics as regards the underlying collateral and the construction of the subsequent securities. In particular, it highlights the areas of prepayment risk and the sequential repayment of different classes of mortgage-backed securities.

Objective

On completion of this course, you will be able to:
- Define 'securitization' and explain how the process evolved
- Describe the process of securitization and the roles of the different players involved
- Explain how the resultant securities are constructed
- Explain the motivations involved in the securitization of a pool of assets
- Identify the major features of mortgage-backed security markets in the United States and across the globe
- Explain the characteristics of mortgage collateral pools
- Describe how subsequent securities are differentially structured in order to balance investor appetite with collateral risk

Content

Module 1: Securitization - An Introduction
Topic 1: Fundamentals of Securitization
Topic 2: The Securitization Process & Participants
Topic 3: Benefits of Securitization
Topic 4: Constructing the Securities

Module 2: Securitization - Mortgage-Backed Securities (MBS)
Topic 1: The Development of the MBS Market
Topic 2: The Collateral Pool
Topic 3: Security Types

Details

Code
TEPFD17001601
Venue
ePlatform
Language
English
Level
Intermediate
Hours
SFC:3.0, PWMA:3.0
Fees
All Member: HK$840
Non-Member: HK$1170
Staff of Corporate Member: HK$840