Asset-backed securities are increasing. They have become an integral part of the funding schemes of many financial intermediaries and corporates, as well as investment portfolios of any fixed income investor.  Asset-backed securities are growing in their scope as well as depth. From traditional asset classes such as residential mortgages and auto loans, CDOs and CDO-squares are trying to create highly leveraged alternative investment and arbitraging tools. Operating revenue or whole business transactions are replacing traditional corporate borrowing tools with new look structured finance products. Also intellectual property and future flow based transactions seem to be blurring the line of distinction between borrowings and asset-sales. This course will provide comprehensive coverage on the legal, tax, accounting and regulatory capital issues related to asset backed securities and will examine both cash structures and synthetic structures.

who should attend

• Law firms
• Legal departments of securitisation firms
• Legal departments in investment banks
• Investors
• Accounting experts, accounting practitioners
• Rating agencies
• Risk management and operational risk teams from banks
• Banking regulators

• Understand legal & regulatory concerns in both synthetic and cash structures
• Discuss accounting concerns and practices for synthetic and cash structures
• Explore the changes in IAS 39
• Examine Basle II Capital Standards
• Analyse tax frameworks for securitisation transactions
• Consider the impact of IFRS in European jurisdictions