Illustrative course outlines

At OTC we believe in tailoring our courses to meet each client’s specific requirements.  The illustrative course outline below gives an indication of the type of course content that we’ve been asked to deliver. For more information call us on +44 20 7700 3330 or email

Strategy & Leadership Finance & Commerce Investment Banking

Introduction to asset-backed securities

What is covered?

An overview of the principles behind securitisation, the motivations for issuance and examples of the structure of several ABS deals.  We consider balance sheet, arbitrage, cash flow and synthetic securitisation from the point of view of both mechanics and structure.

Who will benefit?

Participants new to securitisation, looking to understand how the market works and what the basic products are.

Course content

    • Why securitise? – arbitrage or balance sheet
    • The mechanics of a securitisation
    • Identifying suitable collateral
    • Tranching the cash flows
    • Example: mortgage-backed securities
Analysing typical deals
    • Balance sheet securitisations
    • Arbitrage securitisations
    • Cash flow vs. synthetic securitisation
    • Review of term sheets
Assessing ABS
    • Weighted average life
    • Modelling the collateral
    • Diversification effects
    • Do the models work?


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