Advanced Securitisation & Structured Products

• Provides a comprehensive overview of the popular structured products in the structured products market through a deeper understanding of the securitisation structure and documentation both from a legal and commercial perspective.
• Outlines the key core concepts relating to CLOs as well as associated risks for investors and issuers.
• Learn how to apply the concepts discussed in the webinar are implemented in practice by undertaking a review of a CLO transaction.
• Have a better understanding of the terminology and formulas used in term sheets to assist in your review and drafting of term sheets and documentation.
• Have a better understanding of the key legal and structural features when providing advise to clients on structured finance transactions in general.

The trainer is an expert in structured finance specialising in securitisation, real estate finance, banking, capital markets, derivatives, structured products and financial regulation.

She is a consultant, keynote speaker, business adviser, author and trainer and has practised law for nearly 20 years in the banking & finance industry. She has spent her career advising some of the most prestigious global financial institutions such as Goldman Sachs, Morgan Stanley, Citigroup & Credit Suisse. Her primary role was to manage the legal risk globally across the various businesses within an investment bank. As a trainer, she now designs and leads training workshops for senior lawyers, law firm partners, accountants, bankers and various senior executives.

She has been actively involved in the creation of innovative structured transactions; structuring, drafting and negotiating complex financings including complex  repo facilities, hybrid structured products with multiple embedded derivatives, repackagings, synthetic CLOs and regulatory driven structured transactions; all types of securitisation transactions and restructuring them; supervision of large scale remediation project involving the mis-selling of interest rate swaps, financial regulatory projects and financial litigation.

She holds a Law LL.B (Hons) degree from University College London (UCL) and has worked in the Finance Know-how team at Clifford Chance. She trained at Sidley Austin Brown & Wood LLP and worked on a number of award winning transactions involving repackagings, securitisations and US corporate securities. She practised as a solicitor at Linklaters LLP in Singapore and has also worked in New York and Hong Kong.

Returning to London, she spent around 5 years at Allen & Overy LLP. She advised on a wide range of issues including swaps, insolvencies, disclosure matters under the Prospectus Directive, US 144A SEC registered deals, real estate finance, master trust, CMBS and RMBS securitisations and Opco/Propco structures for loan securitisations. She was seconded to Credit Suisse to work on the Real Estate Finance trading desk where she worked on loan origination, leverage finance and acquisition finance deals. Later she was seconded to Citibank where she advised on LMA loans, highly structured real estate finance transactions, risk mitigation and syndication.

In 2007 she moved to Credit Suisse as in-house legal counsel advising on structured investments capital markets, derivatives and structured products including fund-linked products, a range of exotic trades, CDOs, CLOs, repos and other highly structured financing transactions conducted during and post credit crunch. She structured and documented trades that achieved the required regulatory capital and balance sheet treatment using a combination of techniques such as credit default swaps, call options or unfunded loan participations.

She started working as a specialist consultant in 2009 advising her clients on complex projects involving legal, operational, regulatory and compliance matters on derivatives, and structured investment products.

This two-part Structured Products webinar is designed to provide coverage of the important aspects of the popular structured products in the market.

This webinar is relevant for in-house lawyers and private practice lawyers alike and bankers involved in structured finance, company structure document teams, the structured products desk, structures, sales staff to compliance personnel monitoring such transactions as well as accountants who advise clients on structured finance products transactions. This course will also be of relevance to asset managers, portfolio managers, hedge funds, risk managers, traders, product controllers and investors such as wealth funds, pensions funds, and insurance companies looking to invest or be involved in structured products and securitisation.

This webinar sets the scene by giving you an introduction to Structured Products, the various types of transactions, the eligibility criteria and the role of the Portfolio Manager. The impact of the credit crisis on Structured products is briefly discussed before moving on to the different types of Structured Products in detail.

We then undertake a detailed analysis of the multitude of key issues and features involved in and the variety of structures in Structured Products transactions. We cover CDOs, CLOs, CBOs, CLNs, CDSs, and CPPI transactions. We go through ABCP Conduit Programmes and repackaging programmes and transactions. We cover key legal issues, documentation issues and timelines. We also touch on the various types of Equity Structured Products Derivatives, fund linked products and hybrid products.

Group Exercise: We will undertake a review of a CLO transaction so that participants can see how the concepts discussed in the webinar are implemented in practice.