Asset Securitisation

Asset-backed securities constitute a growing segment of the European and global capital markets. The asset securitisation technique, while complex, has won a secure place in corporate financing and investment portfolios because it can, paradoxically, offer originators a cheaper source of funding and investors a superior return. Not only does securitisation transform illiquid assets into tradable securities, but it also manages to transform risk by means of the separation of good financial assets from a company or financial institution with little loss of revenue. The assets, once separated from the originator, are employed as backing for high-quality securities designed to appeal to investors.

For more details see the instructor's website,
absresearch.com

Instructor

Ian Giddy has taught finance at NYU, Columbia, Wharton, Chicago and in 30+ countries abroad for the past two decades. He was Director of International Fixed Income Research at Drexel Burnham Lambert from 1986 to 1989. The author of more than fifty articles on international finance, he has served at the International Monetary Fund and the U.S. Treasury and has been a consultant with numerous corporations and financial institutions in the U.S. and abroad. He is the author or co-author of The International Money Market, The Handbook of International Finance, Cases in International Finance , Global Financial Markets, Asset Securitization in Asia and The Hudson River Watertrail Guide.

+1 212 998 0563

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The European asset-backed securities market has provided fertile ground for financial hybridization. Originating in a number of countries and legal frameworks, ABS deals -- securities backed by assets that have been separated from their originator and placed in a special-purpose company -- often demand specialized pricing, risk analysis and hedging. This workshop will explore some of these variants, and explore their components from the standpoint of quantitative analysis. Participants will get involved in the details of a number of deals and have the opportunity to work in groups on hands-on applicaitons.