Credit Derivatives Training

60 hours/3 months access/Instructor Supported

 

Overview
The development of credit derivatives is a logical extension of two significant developments: securitization, and derivatives. Credit derivatives are contracts that 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 is looking to achieve. The global market for credit derivatives is still quite small compared with other derivatives markets, but it is growing rapidly. A number of impediments could slow the growth of this market, most of which revolve around the complexity involved in pricing and documenting these transactions.

 

After completing this course you will be able to:

 

Credit Derivatives
Time taken to complete each Course: Two - Three hours

 

1. Overview to Credit Derivatives

·         Objectives

·         Introduction

·         Types

·         Applications

·         Other Issues

2. Credit Risk

·         Objectives

·         Introduction

·         Measuring Credit Risk

·         Managing Credit Risk

·         Credit Pricing

·         Models for Credit Risk

·         Application of Credit Derivatives

3. Credit Rating Dynamics

·         Objectives

·         Introduction

·         Approaches

4. Emerging Markets

·         Objectives

·         Introduction

·         Why Credit Derivatives

·         Risks

·         Credit Derivatives Structures

·         Total Return Products

·         Credit Default Risk Products

·         Credit Spread Risk Products

·         Structured Notes

·         Convertibility Products

5.  Classic Credit Derivatives

·         Objectives

·         Introduction

·         Credit Guarantees

·         Revolving Credit

·         Repos

·         Asset Swaps

6. Total Return Swaps

·         Objectives

·         Basics

·         Benefits

·         Usage

7. Structured Notes

·         Objectives

·         Credit Linked Notes

·         Structured Notes

·         Types

8. Repackaged Notes

·         Objectives

·         Concepts

·         Repackaging Vehicles

·         Repackaging Strategies

9. Credit Portfolio Securitization Structures

·         Objectives

·         Introduction

·         CLOs and CBOs

·         Key Areas of Risk

·         Other issues

10. Case Studies for CPSS

·         Objectives

·         Rose

·         Nations Bank Commercial Loan Master Trust

·         CORE

·         Glacier

·         Bistro

·         Eisberg Finance Ltd.

·         C Star

11. Credit Default Swaps

·         Objectives

·         Introduction

·         Main Features

·         Pricing Credit Default Swaps

·         Uses of Credit Swaps

·         Types of Credit Default Swaps

·         Disadvantages of Credit Swaps

12. Case Studies for Credit Default Swaps

·         Objectives

·         Bank Synthetic Securitization

·         Single Name Credit Risk Transfer

·         H.K Synthetic Deal

·         The Fourth Promise Securitization Programme

13. Credit Spread Options

·         Objectives

·         Basics

·         Credit Spread Puts

·         Credit Spread Calls

·         Credit Spread Collars

·         Credit Spread Forwards

14. Bank and Institutional Applications

·         Objectives

·         Introduction

·         Credit Portfolio Management through Credit Derivatives

·         Examples

·         Portfolio Credit Default Swaps

·         BISTRO (Broad Index Secured Trust Offering)

15. Investor Applications

·         Objectives

·         Introduction

·         Investor Applications

·         Examples

16. Corporate Applications

·         Objectives

·         Introduction

·         Main Applications of Credit Derivatives

·         Present Users of Credit Derivatives

17. Pricing Credit Derivative Instruments

·         Objectives

·         Introduction

·         Pricing Default Swaps

·         Asset Swap Approach

·         Pricing Credit Spread Options

18. Risks Involved In Credit Derivatives

·         Objectives

·         Introduction

·         Credit Derivatives Risks

·         Various Risks- an in-depth Look

·         Risk Management Principles

·         Interactive Game

19. Documentation

·         Objectives

·         Introduction

·         ISDA Master Agreement

·         Credit Definitions

·         Some more definitions

·         Documentation for different
transactions

20. Regulations

·         Objectives

·         Introduction

·         Unfunded Credit Derivatives

·         Funded Credit Derivatives

·         Mismatches

·         Banking and Trading Book

·         The New Capital Adequacy

·         International Bank Regulations

21. Legal Issues

·         Objectives

·         Introduction

·         General Legal Issues

·         Documentation

·         Confidentiality

·         Netting

·         Gaming

·         Securities and Insider Dealing

22. Accounting

·         Objectives

·         General Principles

·         Accounting for Credit Derivatives

·         Example-Total Return Swaps

·         Example-Credit Default Swap

23. Taxation

·         Objectives

·         Total Return Swaps

·         Default Swaps

·         Credit Linked Notes % Spread Options

JOB AIDS

·         Financial Calculators

·         Disclosures

·         Regulations

·         Global Best Practices

·         Policy Templates

·         Credit Derivatives Benchmarking Data

 

 

Calculators in Credit Derivatives
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

 

 

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.

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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 ®.)

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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.

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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.

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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).