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Basics
of Credit Derivatives
Credit
Derivatives: Market Info and awareness
Knowledge
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Workshop on Credit Derivatives Vinod Kothari offers workshops and training events on one of the fastest growing instruments in the financial world - credit derivatives. Vinod Kothari is an accomplished trainer on financial subjects. Having started lecturing on leasing about 13 years ago, Vinod Kothari has gained international acclaim as a trainer on leasing and securitization. Vinod Kothari is particularly admired for (a) his excellent communication abilities, and (b) his ability to add depth to a width of issues concerning financial topics - accounting, taxation, economics, financial evaluation, etc. Vinod Kothari is technologically uptodate: all workshops make use of latest presentation methodology. Credit derivatives is the latest addition to Vinod Kothari's training products. Credit derivatives training can be offered on public/private basis in any country. The course contents can be tailored, but a normative outline of a training event that comprehensively covers the whole spectrum of credit derivatives is given below. Contents: Credit derivatives - concept - extention of derivatives on one hand and securitization on the other - evolution of credit derivatives. Motivations for the protection buyer and protection seller. Credit derivative contracts - default swaps, total return swaps, credit linked notes. Synthetic securitization - a new trend towards structured derivatives. Methodology of each. Collateralized debt obligations and risk securitization - methodology. Case studies. Investor orientation in designing credit derivatives - The investor's role in structuring CDs - What are the structuring choices? Finding the correct risk/reward mix Features that appeal to investors. Credit derivatives and credit risk management - credit risk - the greatest challenge of our times - using credit derivatives to mitigate portfolio risks - cross border risks. Credit derivatives for balance sheet management. Case studies. Legal issues - nature of contract - swap, option or indemnity. Insurance angle - Gaming or wagering angle. Trigger events in credit derivatives - defining a trigger event. Disclosure of credit information - Confidentiality issues. Documentation for credit derivatives - ISDA recommendations. Taxation issues in credit derivatives. Accounting issues in credit derivatives - credit derivatives - a guarantee product or insurance product? FAS 133 and IAS 39. Accounting for credit linked notes. Regulatory issues - bank regulatory guidelines of the OCC, USA, FSA, UK. Bank regulators in Germany, Hong Kong, Australia. Pricing issues in credit derivatives - pricing total return swaps -pricing credit spreads products - pricing default risk products - benchmarking for pricing - assessing the probability of counterparty default - Credit rating issues. Credit enhancement strategies - arbitraging. Trends in credit derivatives. Costs We are very very competitively priced. Please do speak for costs. The going rates for 2005 and 2006 were priced, so as to give a compensation @ USD 3000 per day of total time spent on assignment, including travel. |
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