Exotic CDOs In the last five years, as the desire to speculate has increased, so has the use of collateralized debt obligations. Moreover, Basel II requirements, in some cases, have also encouraged many financial institutions to use Special Investment Vehicles (SIVs) as a way to increase flexibility in their balance sheets. Yet, the current credit crisis in the markets demonstrates that investors, regulators, and rating entities need to increase their knowledge about these products' use, pricing opacity, and liquidity challenges. This interactive, one day intermediate level course is targeted to structured products personnel, credit and risk officers, credit and equity analysts, regulators, auditors, lawyers, and compliance, IT, and operations personnel, along with financial journalists, who have an introductory knowledge of credit derivatives and/or of collateralized debt obligations. The course consists of a lecture, case studies, and relevant recent articles to supplement discussions. |
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