Asset Securitization Training

60 hours/3 months access/Instructor Supported

 

Overview
Asset Securitization (AS) has revolutionized the field of finance. It provides an opportunity for financial institutions to enhance liquidity, generate fee-based income and optimize the usage of capital. It can be a source of competitive financing for corporations. For investors, securitized assets offer additional investment opportunities with different risk/return trade-offs.

 

After completing this course, you will be able to:

 

Asset Securitization
Time taken to complete each Course: Two - Three hours

1.Overview

·         Objectives

·         Introduction

·         Process of Asset Securitization

·         Cash Flows in Asset Securitization

·         Motives for Asset Securitization

·         Global Scenario

2.Credit Enhancement

·         Objectives

·         Fundamentals of Credit Enhancement

·         Internal Credit Enhancement

·         External Credit Enhancement

·         Calculating Credit Enhancement

3.Ratings Approach to Asset Securitization

·         Objectives

·         Concepts

·         Concerns

·         Rating Process

·         Rating Agencies

4. Residential Mortgage Backed Securities-Basics

·         Basics of Mortgage backed securities

·         Federally sponsored mortgage securities

5. Residential Mortgage Backed Securities-Prepayments

·         Concept of prepayment

·         Different prepayment standards

6. Residential Mortgage Backed Securities-Basic Structures

·         Pass Through Securities

·         Pay Through Securities

7. Residential Mortgage Backed Securities-Complex Structures

·         Planned Amortization Class

·         Targeted Amortization Class

·         Stripped Mortgage Backed Securities

·         Floaters

·         CMO Residuals

8. Mortgage-backed Securitization (Commercial)

·         Objectives

·         Introduction

·         Features of a CMBS transaction

·         Loan Evaluation and Rating Process

·         Case Studies

9. Auto Loan Receivables Securitization

·         Objectives

·         Introductory Concepts

·         Types of Loans

·         Auto Loan backed Securities Structure

·         Rating Process

·         Securitization for the First Time

·         Case Study

10. Credit Card Receivables Securitization

·         Objectives

·         Fundamentals of Credit Cards

·         Credit Card Securitization Process

·         Phases in Securitization and Trust Structures

·         Amortization Structures

·         Measures of Maturity and Early Amortization

·         Rating Process

·         Case Studies

11. Collateralized Debt Obligations (CDOs)

·         Objectives

·         Fundamentals

·         Types of CDOs

·         Synthetic CDOs

·         Different Periods for CDO

·         Rating Process

·         Role of Collateral Manager

·         CBOs Vs. CLOs

12. Case Studies (CDOs,CLOs,CBOs)

·         Objectives

·         Jubilee CDO I B.V.

·         ROSE Transaction

·         SBC Glacier Transaction

·         Panther CDO II B.V.

13. Future Flow Receivables Securitization

·         Objectives

·         Introduction to Future Flow Securitization

·         Reasons for Future Flow Securitization

·         Risks Involved

·         Securitization of Airline Ticket Receivables

·         Securitization of Export Receivables

·         Case Study

14.Home Equity Loans

·         Objectives

·         Introduction to Home Equity Loans

·         Types of Home Equity Loans

·         Pros and Cons of Home Equity Loans

·         Securitization of Home Equity Loans

·         Structures based on Credit Enhancement

·         Case Study - 1

·         Case Study - 2

15. Insurance Risk Securitization-I

·         Objectives

·         Concepts and Origin

·         Insurance Loss Indices

·         Instruments for Insurance Risk Securitization

·         Weather Risk Securitization

·         Analyzing Risk Securitization

16. Insurance Risk Securitization-II

·         Objectives

·         Catastrophe Bonds

·         Issuance of CAT Bonds

·         Insurance Risk Structure

17. Case Studies (Non-Performing Loans)

·         Objectives

·         Introduction

·         KAMCO

·         Ariosto s.l.r

·         Danaharta

·         Japan II Ltd.

18. Case Studies (Different Products)

·         Objectives

·         Trade Receivables Securitization

·         Equipment Lease Securitization

·         Inventory Securitization

·         Floor Plan Receivables Securitization

19. Case Studies (Asia & Australia)

·         Objectives

·         LG Card

·         Hanareum International Funding

·         RAMS Mortgage Corp. Ltd. Series 11

·         Series 2002-1G Medallion Trust

20. Case Studies (North America & Europe)

·         Objectives

·         Student Loans Securitization

·         Electricity Receivables Securitization

·         Defaulted Loans Securitization

·         Consumer Loans Securitization

21. Healthcare Receivable Securitization

·         Objectives

·         Introduction

·         National Century Financial Enterprise

22. Asset-backed Commercial Paper

·         Objectives

·         Introduction

·         Key Parties Involved

·         Risk Mitigation

·         Assets Securitized through ABCP Conduits

·         Legal Aspects of an ABCP Conduit

·         Market Scenario

23.Project Management

·         Objectives

·         Policy Statement

·         Project Plan for Credit Cards Receivables

·         Project Plan for Auto Loans Receivables

24. Risk Management

·         Objectives

·         Introduction

·         Types of Risks

·         Types of Risks (Cont.)

·         General Risk Management Measures

·         Risk-based Capital

25. Legal Aspects

·         Objectives

·         Introduction

·         Secured transaction

·         Perfection, Priority and Enforcement

·         Bankruptcy Issues

·         Securities Regulations

·         UN Convention on the Assignment of Receivables

26. Accounting

·         Objectives

·         Fundamentals of Accounting under FASB 140

·         Determining Gain or Loss on Sale

·         Investor Accounting-EITF 99-20

·         Bank Regulatory Capital Relief

·         International Accounting Standards

27. Tax

·         Objectives

·         Introduction

·         Tax Treatment of Participants

·         Withholding

·         Taxation in Different Countries

·         The U.S. FASIT Law

28. Supervision

·         Objectives

·         Introduction

·         Guidelines from Various Agencies

JOB AIDS

·         Measurement Tools

·         Disclosures

·         Regulations

·         Global Best Practices

·         Benchmarking Data

·         Policy Templates

·         Prospectuses

 

Calculators in Asset Securitization
1. Early Amortization
2. Calculating Return on Assets (ROA)
3. Conversion of Prepayment Rates
4. Convexity
5. CDO Cash Flows
6. Changes in Subordination Levels after Default
7. Default Loss
8. Loss Curves
9. Repossession
10. Loan to Value Ratio
11. Pass-throughs
12. Pay-throughs
13. Calculation of Credit Enhancement
14. Diversity Score Calculation
15. Accounting
16.Debt Service Coverage Ratio
17. Average Collateral Rating
18. Pricing reinsurance contract using CAT bonds
19. Risk-based capital
20. Credit Cards - Cash Flow Structures

 

 

Elearning Features

ProTrain, in partnership with Kesdee, offer state-of-the art simulated learning environment.  Exhaustive theoretical material supplemented with contemporary case studies

 

Learner friendly courses with:

>          Formulae, definitions and concise summaries

>          Interactive simulations

>          Solved examples, practice exercises and quizzes

>          Mock exams from proprietary database

>          Timed tests in exam format

>          Personalized results for self assessment

>          Glossary, FAQs, Pocket Reference

>          Valuable reference extracts

 

 

Other features include :

>          E-mail subject-matter expert

>          Online with 24x7 customer support

 

Legal Assistant / Paralegal Course Overview

Are you a self-starter with an interest in legal work? You can prepare for a fulfilling career as a legal assistant or paralegal today! Learn to do legal research, help prepare legal cases for hearings and trials, and work with legal documents. Work in a law firm, bank, court, government agency, or one of dozens of organizations who are depending more on legal assistants and paralegals today.

Best of all, you can train from home…on your own terms! You pick the time you study, and manage the pace of your first-rate training built to suit your career needs. Fast-track your training if you want! It’s in your hands.

Why Blackstone? With decades of experience, Blackstone is the leader in flexible career training programs.

As a Blackstone distance education student, you can enjoy an Online Student Center. You select the course delivery method that best fits your educational preferences and your learning style. You’ll have access to all the support you need as you complete this course.

Through the Legal Assistant / Paralegal training program, you’ll gain the clock hours needed to sit for the Certified Legal Assistant (CLA) certification exam given by the National Association of Legal Assistants (NALA). You can learn how to use powerful legal research tools like LexisNexis ® Total Research System, Shepard’s® Citations Service; and so much more. (Learn more about the products and services for paralegals offered from LexisNexis ®.)

The Blackstone Legal Assistant / Paralegal training program even teaches you how to find a job!

Now is the time to launch your new legal assistant/ paralegal career.
Click for free information >>

LexisNexis

Legal Assistant / Paralegal Career

What is a Paralegal?

Sometimes paralegals are referred to as legal assistants, lawyer’s assistants, or investigators. Each of these terms describes dependable, skilled professionals who serve in a variety of capacities in the legal community. Paralegals have been officially recognized by the American Bar Association since 1968.

Paralegals provide valuable services while working under the supervision of lawyers. Responsibilities vary greatly depending upon the employer and position. Paralegals are often responsible for conducting research, drafting legal documents, working with clients, and assisting in trial preparation.

How do I know if a paralegal career is right for me?

Becoming a paralegal is a great choice for your future if you are seeking a more fulfilling profession or you want to improve your current lifestyle. Paralegal training can provide the edge you need to stand out and step up in your current career as well as help you achieve professional certification.

Are there legal assistant and paralegal job opportunities out there? And what about job security?

There is a steadily increasing need for paralegals in the private sector as well as in various government offices. Even when other elements of the economy slow down, the need for paralegals will continue to grow. This is because paralegals can provide many of the same services as lawyers, but at a lower cost.

In recent years, the number of new jobs in the national paralegal market has outpaced the growth rate for most other jobs. The U.S. Department of Labor estimates employment for paralegals will grow much faster than the average for all occupations through 2014.

Paralegals are in demand at private law firms, large corporations, insurance companies, and government agencies. Some paralegals choose to work in community legal aid offices, helping to bring legal services to those who wouldn’t normally have access to such help.

Experienced paralegals may enjoy even greater opportunities creating a home business. See where Blackstone graduates are employed!

What kind of salary could a paralegal / legal assistant earn?

According to the National Association of Legal Assistants, paralegals had an average salary of $48,211 in 2008. Many also received a bonus, which averaged $3,808.

According to the 2008-09 Occupational Outlook Handbook, top paralegal pay was over $67,540 in 2006, while the middle 50 percent of paralegals earned between $33,920 and $54,690.

Where will I work as paralegal and what will I be doing?

Paralegals fill an assortment of positions in almost every locale in law firms and a multitude of other entities. Often, paralegals choose positions based on unique interests and skills, previous work experience, or future goals for specialization and advancement.

When you receive your diploma, you may choose to work in a corporate legal department handling employee benefits and contracts, or performing necessary regulatory research and analysis. Or, you may work for a small law firm and use your knowledge of all aspects of law, or a large law firm where you will specialize in criminal law or real estate law.

No matter what your interests, the paralegal field—with its unlimited variety of employers, specialties, and positions—likely holds the perfect opportunity for you and your dreams for the future.

Organizations that employ paralegals include:

Paralegals also work for federal, state, and local government, where there is an increasing need for additional paralegals. Large numbers of paralegals work for the Federal Deposit Insurance Corporation, the U.S. Department of Justice, the U.S. Department of Treasury, and the U.S. Department of Defense.

Additionally, community legal aid offices of federal and state government employ paralegals as:

Can I enroll in the Blackstone legal assistant / paralegal course without prior legal training?

Yes! If you are a motivated self-starter, you will find the home study course to be well-paced and easy to understand. You will learn to crawl before you have to walk. Then before you know it, you will be running towards your new and exciting career.

What will I receive when I enroll in the Blackstone legal assistant / paralegal course?

You will receive the materials, training, and support that you need to become an entry-level paralegal. Materials include:

Experts in the field of paralegal studies have prepared these materials. All materials have been time-tested and proven to provide students with the knowledge necessary to succeed. While comprehensive, the materials are also easy to understand because they are written in clear English. A detailed list of the items above can be viewed by clicking on the Materials tab at the top of this page.

The Blackstone program also provides the required clock hours needed to sit for the Certified Legal Assistant (CLA) examination administered by the National Association of Legal Assistants (NALA).