This course can be presented in-house via live webinar.
Trained as a lawyer, the trainer has over 19 years experience in international banking and structured finance transactions, including real estate finance, loans, leverage finance, debt capital markets, securitisation, structured products, repos, derivatives and financial regulatory and compliance.
She has been actively involved in the creation of innovative award winning structured transactions and negotiating complex financings. She has advised global institutions such as Credit Suisse, Citigroup and Goldman Sachs and spent many years practicing law at Allen & Overy LLP, Linklaters and Sidley Austin Brown & Wood in multiple jurisdictions including London, New York, Hong Kong, Singapore etc.
She holds a Law LLB (Hons) degree from University College London and has worked in the Finance Know-how team at Clifford Chance. She is an author and now runs her own business advisory, training and legal consultancy.
This Securitisation course is designed to provide an extensive coverage of the important aspects of securitisation, the popular structures in the market, the legal opinions analysis and documentation.
This course is relevant for in-house lawyers and private practice lawyers alike and bankers involved in structured finance, from the documentation teams, structurers, sales teams to compliance personnel monitoring such transactions as well as accountants who advise clients on securitisation or structured finance transactions. This course will also be of relevance to asset managers, portfolio managers, hedge funds and investors such as wealth funds, pension’s funds, insurance companies looking to invest or be involved in structured finance and securitisation.
The course sets the scene by giving an overview of securitisation. The reason why securitisation is frequently referred to as 'rocket science' is due to the number of areas of law that are involved and the interplay of the various different types of regulations and case law. It is one of the most document intensive transaction amongst all the structured finance transactions and involves dealing with a multitude of issues simultaneously in order to bring the deal to a close.
We go through the different types of securitisation structures in the market and cover the pertinent issues to consider when undertaking due diligence of the underlying assets. We further cover the risk factors that are typically disclosed to investors and various regulatory considerations.
We then undertake an analysis of the security package, the priority of payments (waterfalls) and enforcement options on event of default. We cover off issues relating to enforcement and restructuring securitisation transactions.
Additionally we will cover off the key documents in a typical securitisation transaction with coverage of the closing mechanics, payments flows, ancillary letters, conditions precedent, stock exchange listing and the crucial searches to be undertaken on closing. We will go through the legal opinions that require to be delivered and what each legal opinion should cover.
Regulatory issues and the upcoming regulatory changes affecting this area along with an analysis of the key features and structure of the various Structured Products are covered on the course titled: “Structured Products & Upcoming Regulatory Changes”.