Professional Development Courses - Diploma of Securitisation
Overview
The ASF has developed the first specialist qualification for professionals working in the field of securitisation, the Diploma of Securitisation (formerly Securitisation Professionals Program).
The course has been developed by the ASF in consultation with practitioners who are experts in their field and is intended to be relevant and practical for all those working in the securitisation industry in Australia. The Australian securitisation market continues to be one of the most active markets with stellar collateral performance and issuance is now resuming and spreads are now tightening.
The ASF Diploma of Securitisation provides a succinct overview of the structure of the Australian securitisation industry, how it operates and its development. It is structured to provide participants with an understanding of how securitisation can be used by asset originators to fund operations through capital markets.
Participants will gain an insight into securitisation and its benefits, as well as discuss alternative structuring techniques, MBS, ABS and ABCP programs, legal and accounting issues, rating agency methodology, pricing procedures and investor considerations. The course also addresses the constantly changing areas of law, regulation, accounting and taxation, which must be considered when preparing an issue.
Throughout the course, participants will gain an understanding of the application of the theory via the examples provided, and by participating in the workshop case study. The application of these skills is measured via the assessment, and its successful completion will leave participants well placed to effectively contribute to the industry and to their organisation’s standards for meeting client requirements.
Course objectives
Upon completion of the Diploma of Securitisation, participants will be able to:
describe the major features of securitised products, and determine their relevance to key financial market clients
consider pricing models to investigate outcomes that can meet client/issuer requirements
analyse the implications of rating agency considerations for product development
apply the theory learned, think critically and problem-solve effectively when engaging with specific case studies
communicate concepts understood clearly and persuasively in class and assessment, utilising various technologies and information systems
collaborate effectively with others during course interactions in order to share knowledge for common goals
provide effective recommendations for given scenarios that meet requirements and expectations
adhere to the highest legal, regulatory and ethical standards.
Participants successfully completing the Diploma, and its assessment, will be eligible for a Diploma of Securitisation FNS51611, a level 5 nationally recognised qualification under the Australian Qualifications Framework.
There are eight core competencies that will be achieved by assessments, in addition to four elective units, that will be achieved by workplace skills assessment forms, completed by your employer.
Completion of this Diploma enhances your knowledge and skills and provides a qualification recognised both in Australia and overseas. Internationally there is acceptance that industry participants should meet approved industry-developed competencies.
Continuous building of skills is a constructive force in our financial markets. The Diploma of Securitisation is an integral component of this process, which the ASF has been driving in the Australian financial markets.
Who should attend
The program is suitable for individuals working as:
issuers
investment bankers & arrangers
investors
swap providers
insurers and guarantors
tax specialists
auditors
accountants
credit risk analysts
lawyers
trustees
originators
Registration
Course Dates:
16-17 May 2012 - Sydney
14-15 June 2012 - Brisbane
23-24 July 2012 - Melbourne
14-15 August 2012 - Sydney
Price (GST exempt):
$1,690 - ASF Members
$2,535 - Non-members
Prerequisites:
Securitisation Fundamentals is recommended if participants are new, or have had little exposure to, the securitisation industry.
The ASF has intentionally developed its course at Diploma level to assist its members who are Australian financial services licensees (AFS licensees) to satisfy their obligation to ensure representatives are adequately trained, and are competent to provide the financial services covered by the licence (see ASIC Regulatory Guide 104: Licensing: Meeting the general obligations).
Additionally, the course will assist AFS licensees in meeting their organisational competency obligation by providing relevant training for their responsible managers for the purposes of ASIC Regulatory Guide 105: Licensing: Organisational Competence, Option 4 (see RG 105.61 and following).
