Credit Derivatives

 
  • Price: US$ 400.00
  • Publisher: KESDEE
  • Number of modules: 23
  • Length: 40 - 60 hours
  • Language: English
  • Subscription: 12 months
whats-included

The Most Thorough Online Resource for Credit Derivative Courses and Information

 

Credit derivatives transfer an asset’s risk and return from one counterparty to another without transferring ownership of the underlying asset. The choice of the contract depends upon the goals a financial institution wants to achieve.

Corporate training officers: contact us for pricing and licensing options for your company. 

 

Credit Derivatives: 23 modules of 2 - 3 hours each. 

 

Topics include:

 

Overview of Credit Derivatives

Credit Risk

  • Measuring Credit Risk
  • Managing Credit Risk
  • Credit Pricing
  • Models for Credit Risk
  • Application of Credit Derivatives


Credit Rating Dynamics


Emerging Markets

  • Why Credit Derivatives
  • Risks
  • Credit Derivatives - Structures
  • Total Return Products
  • Credit Default Risk Products
  • Credit Spread Risk Products
  • Structured Notes
  • Convertibility Products


Classic Credit Derivatives

  • Credit Guarantees
  • Revolving Credit
  • Repos
  • Asset Swaps


Total Return Swaps

Structured Notes

Repackaged Notes

Credit Portfolio Securitization Structures

  • CLOs and CBOs
  • Key Areas of Risk
  • Other issues


Case Studies for Credit Portfolio Securitization Structures: Nations Bank Commercial Loan Master Trust, Glacier, CORE, Bistro, Eisberg Finance Ltd.

Credit Default Swaps

  • Main Features
  • Pricing Credit Default Swaps
  • Uses of Credit Swaps
  • Types of Credit Default Swaps
  • Disadvantages of Credit Swaps


Case Studies for Credit Default Swaps

  • Bank Synthetic Securitization
  • Single Name Credit Risk Transfer
  • H.K Synthetic Deal
  • The Fourth Promise Securitization Programme


Credit Spread Options

  • Credit Spread Puts
  • Credit Spread Calls
  • Credit Spread Collars
  • Credit Spread Forwards


Bank and Institutional Applications

  • Credit Portfolio Management through Credit Derivatives
  • Portfolio Credit Default Swaps
  • BISTRO (Broad Index Secured Trust Offering)


Investor Applications

Corporate Applications

  • Main Applications of Credit Derivatives
  • Present Users of Credit Derivatives


Pricing Credit Derivative Instruments

  • Objectives
  • Introduction
  • Pricing Default Swaps
  • Asset Swap Approach
  • Pricing Credit Spread Options


Risks Involved In Credit Derivatives

  • Credit Derivatives - Risks
  • Risk Management Principles
  • Interactive Game


Documentation

  • ISDA® Master Agreement
  • Credit Definitions
  • Some more definitions
  • Documentation for different transactions


Regulations

  • Unfunded Credit Derivatives
  • Funded Credit Derivatives
  • Mismatches
  • Banking and Trading Book
  • The New Capital Adequacy
  • International Bank Regulations


Legal Issues

  • General Legal Issues
  • Documentation
  • Confidentiality
  • Netting
  • Gaming
  • Securities and Insider Dealing


Accounting

  • General Principles
  • Accounting for Credit Derivatives
  • Example: Total Return Swaps
  • Example: Credit Default Swap


Taxation

  • Total Return Swaps
  • Default Swaps
  • Credit Linked Notes


Job Aids

  • Financial Calculators
  • Disclosures
  • Regulations
  • Global Best Practices
  • Policy Templates
  • Credit Derivatives Benchmarking Data


Bonus: Financial Calculators


1. Enhancing return on Regulatory Capital
2. Credit Spread Options
3. Total Return Swaps
4. Option Pricing Model
5. Asset Swap approach to pricing
6. Pricing Default Swap using term structure