European Institute of Management and Finance | Asset Securitisation
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Asset Securitisation

Asset Securitisation


Asset securitisation was at the heart of the financial crisis but most losses were due to just one sector, in one country – US sub-prime mortgages. Elsewhere, securitisation continued its roles in providing an alternative funding source for issuers and a menu of risk/return for investors – from AAA that performs as AAA to ‘Equity’ – across an ever-widening range of asset types.


This course explains how securitisation is done, why it is done – from issuers’ and investors’ perspectives, the various risks involved, how – and to what extent – they are mitigated. It incorporates case studies from each of the major asset sectors – residential mortgages, auto loans, CLOs, commercial MBS, etc.





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


  • Explain the features and characteristics of Asset Backed Securities (ABS)
  • Know the main applications of ABS
  • Identify the main risks
  • Explain the basics of pricing
  • Understand the main terminology used in the marketplace
  • Be familiar with the different structures in the market



Course Content


  • How securitisation is done
  • The role of the SPV/SPE
  • Cost-Benefit Analysis
  • The various parties involved and their roles
  • How the rating agencies effectively determine the ‘tranching’
  • The attractions for issuers
  • The various risks and how they are managed
  • Pricing and Hedging Asset Backed Securities
  • Project Finance: Asset-Backed Financing Applications
  • The pros and cons for investors
  • Variations and Wider Applications of the ABS Techniques
  • How and why structures vary



Who should attend:


The seminar is of relevance to both originators and investors in asset-backed securities:


  • Corporate treasurers and CFOs
  • Risk Managers
  • Compliance Officers
  • Investment officers
  • Investment advisers
  • Plan sponsors
  • Bank officers
  • Securities analysts
  • other individuals whose professional future may be enhanced by an understanding of the asset securitization technique.