Note: The next session of Securitization is scheduled for October 2010. To receive information on the program as it becomes available, click here.

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

Taught by an experienced team that includes a renowned academic and seasoned industry practitioners, Securitization covers the fundamentals that are a prerequisite for any serious understanding of securitized assets, plus current issues such as FASB Statements No. 166 and No. 167 and the probable impact on financial institutions balance sheets and the brief history and future expectations of the TALF program.

You’ll learn how to:

• Understand securitization and structured finance transactions and their impact on an institution’s financial position and results
• Credibly discuss and analyze the accounting and disclosure issues surrounding securitizations, including the impact of FAS 166 and FAS 167
• Weigh the risk/return and structuring trade-offs that impact asset quality
• Understand the key benefits and risks of structuring, including over-collateralization, subordinate tranches, excess spread and other means of credit enhancement
• 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
• Look behind the ratings at the revised underlying methodologies and interpret what the ratings mean in a rapidly changing environment
• Understand the present and future impact of the TALF program

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.