Collaterised Debt Obligations for Lawyers

Course Overview

At the end of this course delegates will have an understanding of the structured nature of this specific asset backed security, the use of credit derivative enhancements and the risks and opportunities that CDOs represent.

Course Content

Introduction

• Recap on Securitisation principles

Overview of the CDO market

• What is a CDO, how does it differ from ordinary securitisation
• Development of the CDO market and synthetic structures
• The practicalities of creating a CDO

Structuring a CDO

• Choosing the tranche structures
• Risk/reward profiles
• The role of the rating agency

Enhancements

• Using Credit Derivatives to replace or enhance the asset pool
• Credit Default Swap
• Total Return Swaps

Refining the structure

• Variations of Collateralised Debt Obligations (CDOs)
• Synthetic Collateralised Debt Obligations (SCDOs)
• CDO squared
• Coping with an event of default or variation (restructuring / takeover)

Delivering this course in-house for you to a number of participants could be very cost effective. Please call us on 020 7387 4484 to discuss this further.

If you have any questions about this seminar please write to us at post@redcliffetraining.co.uk.