From Riches to Rags: SPVs and the Credit Crisis - Virtual

A step by step flow of the route from mortgage offering to pooling by SPV's to securitization to acquisition by SIV's to the end user. Each step along the way, analyzes the purpose and anticipated benefits that were to be derived. The causes for the collapse and domino effect that followed are examined.

This is a live virtual class session accessible from any internet enabled computer anywhere in the world. All class times are listed in EDT.

02-Oct-2008 -- 02-Oct-2008USD$600
Virtual class session2:00pm - 5:00pm Instructional Method:
Group-Live
Instructor(s): [ David Weiss; ] Thu Level: Basic
CPE Credits: 3

10-Dec-2008 -- 10-Dec-2008USD$600
Virtual class session2:00pm - 5:00pm Instructional Method:
Group-Live
Instructor(s): [ David Weiss; ] Wed Level: Basic
CPE Credits: 3

Portfolio managers, institutional sales staff, research analysts, back office professionals, financial analysts, cash/money managers, auditors, and compliance staff.
Delegates must have a high speed internet connected computer with sound capabilities.
What are Asset Backed Securities, Asset Backed Commercial Paper

    What is the difference between CDO’s and Covered Bonds

      The development of the CDO Market

      • Products under CDO heading
      • Pooling of Sub-prime loans
      • Conversion to Investment grade

      Creation of Special Purpose Vehicle (SPV)

      • Structure
      • Process
      • Conduit theory
      • Who the participants are / were

      Securitizing pooled loans

      • Equity vs. debt

      Commercial Paper vs. Asset Backed Commercial Paper

      • Structure
      • Ratings
      • Liquidity

      Creation of Special Investment Vehicles (SIV)

      • Purpose
      • Attraction
      • Hedge Fund participation
      • Who are / were the participants

      Credit crisis

      • Housing Bubble
      • Speculation
      • Zero down
      • Floating rate mortgages
      • Mortgage lenders