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This one day introductory workshop provides an overview of securitization and a framework for evaluating ABS.
COURSE OBJECTIVES
Participants will be equipped to:
Use a structured approach to understand the ABS product (using credit card ABS as the illustration asset class): basic transaction structures, roles of the parties, and originator motivations
Recognize the main risks pertaining to the collateral, originator and servicer
Appreciate how the key variables and target ratings impact credit enhancement levels
Identify key risks and understand how they are allocated within ABS structures.
TARGET AUDIENCE
An introductory workshop for those new to the securitization market or seeking an understanding of the ABS product.
The majority of FitchTraining programmes are offered at an intermediate level and advanced level of continuing education. Although no prerequisite courses or experience is required to participate in this programme, participants should have working knowledge of structured finance products.
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Biting the hand that feeds IT
