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Securitization: Overview, Latest Developments, Valuation Implications
Valuation Services
Webcast

Securitization: Overview, Latest Developments, Valuation Implications

Learn how you should be analyzing the current state of the securitization markets including market issuance and pricing.

Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Finance

Level

Basic

CPE Credits

1.5

Instructor

Aaron Read, Jennifer Press

Availability

3 months

Product Number

WC3810785

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Product Details

Inflation risk

As the U.S. economy emerges from the COVID-19 pandemic, inflation has become a primary risk. Although the U.S. Federal Reserve Bank adopted a posture of steady interest rate hikes to slow inflation’s effects, prices and values in almost every industry and sector are still being affected.

Impact on securitized products

Rising interest rates have also affected securitized products, because many of these instruments are rate-path dependent. This results in varying valuation impacts dependent on the type and quality of collateral securing them, and the relative position they occupy within the capital structure.

In this webcast, you'll get an update on the state of securitization markets, understand valuation of securitized products, learn the key drivers of value for securitizations, and more.

Key Topics

  • State of securitization markets / hot topics
  • Securitization primer
  • Valuation of securitized products
  • Key drivers of value for securitizations

Learning Outcomes

  • Analyze the current state of the securitization markets including market issuance and pricing.
  • Compare and contrast features of different securitization structures.
  • Distinguish characteristics of various tranches of a securitization and analyze their behavior under credit and interest rate stresses.
  • Compare the benefits and drawbacks of private securitizations versus public securitizations.

Who Will Benefit

  • Valuation and price verification professionals
  • Corporate banking product controllers
  • Valuation practitioners
  • Investment fund managers
  • Advisers and strategists
  • Financial auditors
  • Securitization analysts
  • Marketers
  • Traders
More Details
NASBA Field of Study
Finance
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
1 hr and 15 mins
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Aaron Read
Aaron provides valuations and market insights to clients that hold complex financial instruments with a focus on structured credit and complex assets. He works closely with institutional money managers, hedge funds, insurance companies, consulting firms and law firms. Aaron has more than 20 years of experience in financial markets and specializes in the structured products industry. He is a trusted advisor and has counseled clients on a wide variety of valuation matters. Prior to joining Lincoln, Aaron was a Director at Kroll providing valuation services in the financial instruments and technology group. Before that, Aaron spent two decades in portfolio management and trading. This included 10 years on buy-side advisory with BlackRock and Bluemountain Capital and 10 years on broker dealer trading desks such as Cantor Fitzgerald and Gleacher. Aaron has a Master of Science in financial engineering from Columbia University and a Bachelor of Science in industrial engineering from the University of Rhode Island.
Jennifer Press
Leveraging over two decades of experience, Jen provides valuation and advisory services in Lincoln’s Valuations & Opinions Group. She focuses across the gamut of fixed income structured products and the related underlying asset classes including, but not limited to, residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs), as well as other asset-backed securities (ABS). She works with private equity sponsors, hedge funds, banks, insurance companies, specialty finance companies, administrators, trustees and other investors and issuers of fixed income structured products. Jen’s extensive experience includes pricing, trading, structuring and analyzing complex financial instruments. Having spent the first 10 years of her career in the market trading fixed income structured products across the capital structure, she gathered the tools to analyze and value a wide range of asset classes and uses this knowledge to provide creative and thoughtful solutions and advisory services. Prior to joining Lincoln, Jen was a Managing Director at Duff & Phelps in the firm’s alternative asset advisory practice. Previously, she was a Senior Trader and Portfolio Manager for Tower Research Capital’s Distressed Mortgage and ABS Fund. Prior to that, she was a Senior ABS Analyst at Marathon Asset Management and Dynamic Credit Partners and started her career at JP Morgan. Jen received a Master of Science in computational finance from Carnegie Mellon University’s Tepper School of Business, a Bachelor of Science in economics with concentrations in finance, accounting and information systems from the University of Pennsylvania’s Wharton School and a Bachelor of Science in Engineering in systems engineering from the University of Pennsylvania’s Engineering School.
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