Overview of Credit DerivativesThis module familiarizes the user with:- Credit derivatives market
- Basic instrument types of credit derivatives
- Its main applications
- Pricing and regulatory issues
Duration: 2 Hours | Credit RiskThis module is an introduction to the concept of credit risk, which is basic to the understanding of credit derivatives. It includes:- Basics of credit risk
- Quantitative measurement techniques
- Pricing of credit risk
- Comparison of models for credit risk
- Applications of Credit Derivatives
Duration: 1.5 Hours |
 |
Credit Rating DynamicsTopics covered include:- Rating process from the perspective of major rating agencies
- Analysis of implications for credit derivatives
- Analysis of risks involved
Duration: 1.5 Hours | Emerging MarketsThis module updates the user on the development of credit derivatives in emerging markets. It covers the following:- Status of credit derivatives market within emerging markets
- Risks involved in emerging markets and how credit derivatives can alleviate them
- A few credit derivative structures in an emerging market framework
Duration: 1.5 Hours |
 |
Classic Credit DerivativesThis module gives a description of the classic structures of credit derivatives. It explains the following structures:- Credit Guarantees
- Revolving Credit
- Repos
- Asset Swaps
Duration: 1 Hour | Total Return SwapsTopics covered include:- Basic structure of total return swap agreements
- Various applications of such instrument
- Benefits to various parties
- Issues affecting bank regulatory capital
- Pricing related issues
Duration: 1 Hour |
 |
Structured NotesThis module provides an introduction to Credit Linked Notes. It helps the user understand:- Need, nature and types of Credit-linked Notes
- Structures and advantages
- Unique features of these structures
- Variations possible from the basic structure
Duration: 1 Hour | Repackaged NotesThis module enables the user to understand:- Concept of repackaged notes
- Comparison with other structures
- Structures an designs
- arious strategies adopted for repackaging
Duration: 1 Hour |
 |
Credit Portfolio Securitization StructuresThis module provides details of various credit portfolio securitization structures. It helps the user understand:- Nature and types of collateralized bond and loan obligations
- Differences among them
- Synthetic structures
- Key areas of risk
- Regulatory capital issues
Duration: 1 Hour | Case Studies for CPSSThis module discusses the following case studies for credit portfolio securitization structures:- Rose
- Nations Bank Commercial Loan Master Trust
- CORE
- Glacier
- BISTRO (Broad Index Secured Trust Offering)
- Eisberg Finance Ltd.
- C Star
Duration: 2 Hours |
 |
Credit Default SwapsTopics covered include:- Main features of credit default swaps
- Pricing issues
- Various structure types
- Uses, advantages and disadvantages
Duration: 1.5 Hours | Case Studies for Credit Default SwapsThis module discusses case studies related to credit default swaps. These include:- H.K Synthetic Deal
- The Fourth Promise Securitization Programme
Duration: 1.5 Hours |
 |
Credit Spread OptionsTopics covered include:- Basics of Credit Spread options
- Credit Spread Puts
- Credit Spread Calls
- Credit Spread Collars
- Credit Spread Forwards
Duration: 1 Hour | Bank and Institutional Applications This module discusses the application of credit derivatives for active management of bank loan portfolio. It helps the user understand:- Credit Portfolio Management through Credit Derivatives
- Portfolio Credit Default Swaps
- Synthetic Securitization
- A case study BISTRO (Broad Index Secured Trust Offering)
Duration: 1 Hour |
 |
Investor ApplicationsThis module discusses various investment applications of credit derivatives. It covers the following:- Creating synthetic credit exposure resembling a corporate bond
- Credit overlays and their use
- Leverage in credit derivatives
- Creating structures with desired risk profiles
Duration: 1 Hour | Corporate ApplicationsThis module discusses the applications of credit derivatives for corporates. It covers the following:- Existence of credit risk in corporate portfolio
- Uses of credit derivatives as a tool for transferring credit risk
- Present users of credit risk
Duration: 1 Hour |
 |
Pricing Credit Derivative InstrumentsThis module describes in brief the techniques used for pricing credit derivatives. It helps the user understand:- Theoretical models for pricing credit derivatives
- Pricing of default swaps
- Asset swap approach
- Pricing of credit spread options
Duration: 1 Hour | Risk involved in Credit Derivatives This module discusses various risks involved in using credit derivatives like:- Credit risk
- Reputation risk
- Liquidity risk
- Transaction risk
- Compliance risk
- Legal and regulatory risk
- Counterparty risk
- Pricing risk
- Principles of risk management
Duration: 1 Hour |
 |
DocumentationThis module discusses the issues related to documentation in credit derivatives. It covers the following:- ISDA and The Master Agreement
- ISDA objectives and benefits of standard documentation
- Definitions in line with ISDA Documentation
- Applicability of Credit Definitions
Duration: 1 hour | RegulationsThis module details various regulations related to credit derivatives. It helps the user understand :- Regulations related to both funded and unfunded credit derivatives
- Treatment of credit derivatives in the trading book
- The New Capital Adequacy Framework
- Variations in the treatment of specific issues in different jurisdictions
Duration: 1.5 Hours |
 |
Legal IssuesThis module helps the user understand:- Evolving legal issues concerning credit derivatives
- Applicability of some statutory laws to credit derivative transactions
- How related legal aspects are dealt with in the U.S. and three European nations
Duration: 1.5 Hours | AccountingThis module gives an introduction to the general accounting principles for credit derivatives. It covers the following:- General principles of derivatives accounting under FAS 133
- Accounting for Credit Derivatives using Fair-Value Hedge Accounting
- Accounting for Credit Derivatives using Cash Flow Hedge Accounting
- Examples of Total Return Swaps and Credit Default Swaps
Duration: 1 Hour |
 |
TaxationThis module discusses the US federal income tax considerations of:- Total return swaps
- Default swaps
- Credit-linked notes
- Credit Spread Options
Duration: 1 Hour | Job Aids & Take Aways- Disclosures
- Regulations
- Financial calculators
- Policy Template
- Benchmarking Template
Powered by KESDEE, Inc. |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |