New Course Offerings
Derivatives Counterparty Risk Workshop - Lehman Brothers' bankruptcy brought the concept of counterparty risk to light across a variety of derivative products. This interactive and case-study based intermediate level workshop reviews the process of liquidating derivatives contracts post a counterparty default, including the general sequence of events laid out in master agreements and how collateral and cross margining work, using a few derivative trades as case studies to illstrate the concepts. The workshop also discusses the current focus and trends in the market following Lehman's default.
CDS Updates - Following the credit crisis, credit default swaps have been the focus of intense media attention and regulatory scrutiny, given their wide usage in credit markets and the counterparty credit risk to market participants as a result of such usage. Calls from regulators and investors to reduce counterparty risk and increase transparency have been met with a variety of changes to the CDS contract. This half-day course updates participants on these changes, including the recent standardization of the CDS contract, ISDA auction process for settlement, DTCC trade warehouse facility, measures to mitigate CDS counterparty risk and discusses the future of the CDS market.
Credit Crisis Workshop – A current and practical intermediate level course that goes through the credit crisis timeline (from New Century filing for Chapter 11 to the current market situation), highlighting the products, players and market forces that shaped the credit crisis (including CDOs, ABS, SIVs, monolines, private equity), and how their changing dynamics are likely to affect markets going forward.
Private Equity and LBOs - Introductory level course that demystifies the structure and process of private equity. This course covers key terminology, the process of identifying value in companies in terms of entry and exit strategies, LBOs mechanics and returns, the role that private equity has played in markets, future trends in private equity and trading opportunities in public markets that arise from potential LBOs.
CDO Risks, Returns and Litigation – While few new CDOs are being issued, banks are still saddled with warehouses of CDOs that were not issued or sold in 2007. At the same time, litigation around CDOs has increased dramatically as investors and banks begin to lose money from poorly performing CDOs. This intermediate level course focuses on the risks and returns of CDOs to all parties involved in transactions, what banks are currently doing to get rid of their risks, and the key areas of CDO litigation (controlling classes, mismatched docs, etc.).
*NB: Much of the content for this course will be drawn from our experience as expert witness in current CDO litigations. While we cannot disclose the transactions we working on, we will use public reports and filed claims as real examples of litigation.*
Please contact B&B at info@bandbsf.com for a full course outline which can then be tailored to your specific needs.
[The trainer] made a complex topic very clear. I found it all helpful.