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Introduction to Securitization and Parties Involved
Explore the foundational concepts, participants, and key mechanics of securitization, including the roles of originators, SPVs, servicers, and credit enhancement providers in creating bankruptcy-remote structures.
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Mortgage-Backed Securities (Residential and Commercial)
Explore the mechanics, risks, and portfolio management considerations of Residential and Commercial Mortgage-Backed Securities at an advanced CFA level.
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Asset-Backed Securities (Auto Loans, Credit Cards, etc.)
Explore in-depth the intricacies of Asset-Backed Securities, focusing on structures backed by auto loans, credit card receivables, and other consumer-related assets from a portfolio management perspective.
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Collateralized Mortgage Obligations (CMOs) and Other Structured Vehicles
Explore the structure and characteristics of CMOs, their unique tranching mechanisms, prepayment risk allocation, and practical insights for valuation and risk management in advanced fixed-income portfolios.
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Covered Bonds and European Pfandbrief
Explore the structure, regulatory frameworks, and investment considerations of covered bonds, with a focus on European Pfandbrief.
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Synthetic Securitizations and Credit Derivative Structures
A deep dive into how synthetic securitizations transfer credit risk using derivatives, exploring CDS, synthetic CDOs, and key risk management considerations.
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Evaluating Risks in Structured Finance (Operational, Counterparty)
A deep dive into the operational and counterparty risks of structured finance products, including documentation, legal nuances, data quality, and stress testing considerations for CFA 2025 Level I.
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Impact of Regulatory Changes on Structured Product Innovation
An in-depth exploration of how evolving regulations reshape structured product innovation, focusing on capital requirements, risk retention, simpler structures, green securitizations, and global standardization.
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Marketplace Lending Securitizations (Peer-to-Peer)
Explore the structure, risks, and rewards of securitizing marketplace-lending (P2P) loans in fixed-income markets, including how innovative credit evaluation reshapes securitizations.
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Re-Remics and Repackaging of Existing Structured Securities
A comprehensive exploration of re-remics (re-securitized MBS tranches), covering structural mechanics, credit risk considerations, legal complexities, and post-2008 regulatory impacts.
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Insurance-Linked Securities and Catastrophe Bonds
Exploring the fundamentals of Insurance-Linked Securities (ILS) and Catastrophe Bonds, including their structure, triggers, risk factors, and role in portfolio diversification.
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LIBOR Transition and Fallback Provisions for Structured Products
A deep dive into the post-LIBOR landscape for structured products, focusing on alternative benchmarks, fallback provisions, spread adjustments, operational readiness, and credit rating implications.
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ESG Integration in Structured Credit and Green Securitizations
Discover how sustainability and social responsibility are shaping structured finance through ESG-integrated securitizations and green bond frameworks.
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Evolving Securitization Structures with Blockchain Applications
Explore how blockchain is reshaping securitization, from automated servicing and reduced settlement times to tokenized fractional ownership and permissioned ledgers.
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Collateralized Loan Obligations (CLOs) and Structuring Mechanics
A comprehensive, slightly informal deep dive into the structure, lifecycle, and risks of CLOs, discussing capital tiers, cash flow waterfalls, and the role of active management.
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Warehouse Lines and the Securitization Pipeline
Discover how warehouse financing supports loan originators and the end-to-end securitization process. Explore pipeline risks, hedging strategies, and regulatory requirements to gain insight into structured financing solutions.