Courses
Sample Testimonial
Mortgage-Backed Securities
"Use of interactive example was extremely helpful to understanding concepts." Hedge Fund Administrator, Bermuda
Featured Course
Mortgage-Backed Securities
Duration: Half day
Course Overview
At the end of this course participants will be able to
- Describe how asset-backed & mortgage-backed securities (ABSs & MBSs) originate
- Outline why funds invest in ABSs & MBSs
- Describe the risks associated with investing in ABSs & MBSs
- Calculate and analyse cashflows
- Account for trades, valuations & income
- Identify the challenges facing administrators in processing and pricing ABSs & MBSs
Course Content
- Securitisation
- Mortgage-backed securities
- Cashflows
- Issuers
- Credit ratings
- Average life: pre-payment & extension risk
- Pass-through securities v Collateralized Mortgage Obligations (CMOs)
- Asset-backed securities
- Strips
- Risk & control
- Recent developments
Who should attend?
Staff with some fixed income experience but little or no knowledge of asset-backed securities.
