Securitization - Part 3

Securitization - Part 3

Overview

This eCourse consists of two modules. Module 1 will cover the mechanics and structures of CMBSs, the analysis of CMBS collateral, and the rating of CMBSs. As with the RMBS market, the CMBS market in the US developed much earlier, and has traditionally been the innovator of new products. In this module, descriptions refer to the US CMBS market, unless otherwise stated.

Module 2 focuses on the functioning, importance, and performance evaluation of credit card ABS.

Objective

On completion of this course, you will be able to:
- Outline the structure of commercial mortgage-backed securities and describe the dynamics of the commercial mortgage-backed securities market
- Analyze the collateral characteristics of a commercial mortgage-backed security (CMBS)
- Outline the rating process for CMBS transactions
- Explain the mechanics of credit cards and credit card ABS
- Identify the importance of credit enhancement in credit card ABS
- Describe how credit card ABS performance is rated and analyzed

Content

Module 1: Securitization - Commercial Mortgage-Backed Securities
Topic 1: Mechanics & Structure of CMBS Transactions
Topic 2: Analyzing CMBS Collateral
Topic 3: CMBS Ratings

Module 2: Securitization - Credit Card ABS
Topic 1: Basics of Credit Card Receivable Securitization
Topic 2: Credit Card ABS & Credit Enhancement
Topic 3: Credit Card ABS Analysis & Ratings

Details

Code
TEPFD17001801
Venue
ePlatform
Language
English
Level
Intermediate
Hours
SFC:2.5, PWMA:2.5
Fees
All Member: HK$700
Non-Member: HK$975
Staff of Corporate Member: HK$700