Securitization: Analysis and Application explores the key strategic motivations, structures and analyses of asset securitizations and other structured finance transactions, including hybrid financing instruments.

Taught by an experienced team that includes a renowned academic and seasoned industry practitioners, this seminar not only covers the fundamentals that are a prerequisite for any serious understanding of securitized assets, but also delves into current factors such as FASB Statements No. 166 and No. 167 which change the way entities account for securitizations and special-purpose entities beginning in 2010 and the TALF program.

You’ll learn how to:

• Parse and describe the process of securitization
• Credibly analyze the accounting and disclosure issues surrounding securitizations
• Weigh the risk/return and structuring trade-offs that impact asset quality
• Understand the key benefits and risks of over-collateralization, subordination, tranching, excess spread and credit enhancement of MBS
• Determine the impact of a securitization on servicing rights, recourse obligations and gain-on-sale accounting
• Assess the impact of a securitization on the financial stability of an institution
• Understand structured finance transactions and their impact on financial position and results
• Look behind the “ratings” and understand what they mean in a rapidly changing environment

This program presumes familiarity with intermediate accounting and finance concepts. Prior to the program, participants will receive materials for case studies that will be addressed during the seminar.