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Understanding the Debt Capital Markets - October 2013  -  October 22-23, 2013

8:00 am

DAY ONE - Tuesday, October 22

Registration and continental breakfast open.
8:30 am

Program begins

Introductions and objectives

Definition of capital markets

Review of corporate and bank capital structures

Credit risk, interest rate risk and the yield curve

Break

Money markets and money market instruments

  • US Treasury Bills
  • Commercial Paper
Lunch

 

Capital markets

  • Debt vs. equity capital
  • Players and drivers of the markets
  • Issuing debt – underwriting public offerings vs. private placements
  • The banks’ role
Debt capital markets instruments
  • US Treasury notes and bonds
  • Agency securities
  • Corporate notes and bonds
  • Municipal securities and the impact of the tax exemption
  • Sovereign securities
  • Bank-issued debt capital
Reading and interpreting the bond indenture

 

Investment grade, high yield (junk) bonds

Credit ratings, spreads and rating agencies

Bank internal risk classifications

Overview of fixed income pricing

Wrap-up Day 1

5:00 pm

Program concludes for the day

8:00 am

DAY TWO - October 23

Continental breakfast opens
8:30 am

Program begins

Loans

  • Types and characteristics of commercial/corporate loans and loan commitments (Term loans, revolving credits, lines of credits, letters of credit, etc.)
  • Reading and interpreting the credit agreement
  • Drawdown/repayment schedules, maturities
Break

 

Loan pricing (fixed, LIBOR, pricing grids, fees, etc.)

Balance sheet/profit and loss implications and the reserve for credit losses

Syndications and participations

Credit default swaps (uses, credit events, settlements)

Lunch

Securitization and Structured Finance

  • Asset and mortgage-backed securities (Residential MBS, Commercial MBS)
  • Types of securitized assets (ABCP, Bowie bonds, tobacco settlements, etc.)
  • Structuring and risks 
  • Tranches, Interest Only’s/Principal Only’s, Special Purpose VehiclesSPE’s, Variable Interest EntityVIE’s, conduits, risks etc.
  • Afternoon break
  • Tranching and the cash flow waterfall
  • Creating an ABS
  • Cash vs. synthetics
  • Collateralized Debt ObligationsCDO’s/Collateralized Bond ObligationsCBO’s/Collateralized Loan ObligationCLO’s/CDO squared
Program wrap-up
5:00 pm

Program concludes

David E. Levow
Owner and Founder, Levow Information Systems
David is a bank consultant and former vice president of Chase Manhattan Bank with more than 30 years of banking experience, encompassing international banking, treasury services, foreign exchange, and commercial lending.

His teaching experience includes the Graduate School of Retail Bank Management at the University of Virginia, the New York State Bankers Association School for Management Development, and Johns Hopkins School of Advanced International Studies.

David has consulted with banks and bank vendors, taught banking, and appeared as a speaker at banking conferences in countries on six continents, including China, Korea, Singapore, Australia, South Africa, Chile, Mexico, Brazil, Columbia, Venezuela, United Kingdom, France, Switzerland, Turkey and Canada.

He holds degrees in Mathematics from New York's City College (BS) and NYU (MS), and is also a Certified Cash Manager.
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Event Date:
October 22-23, 2013
Event Location:
Downtown Conference Center
157 William St
New York, NY, US
Registration Fee:
$2,195 

Your registration includes all program work materials, plus continental breakfast and lunch both days.

Discounts available for groups of three or more. Call us at (434) 951-7786.

This program is appropriate for professionals who work with - or in - the finance function, and would like to better understand how the debt capital market works, the types of instruments available, and how they are used by corporations and financial institutions to fund balance sheets and manage risk.

No prior debt capital markets experience is assumed and the program is entirely self-contained. Please note this program does not cover tax or accounting aspects.

..Financial analysts and accounting professionals at commercial banks, insurance companies, REITs, and utilities

..Back-office and middle-office personnel, including HR, IT and Operations who support the finance function and are looking to better understand the capital markets and the instruments that fund their business

..CFOs, corporate treasurers, and commercial loan officers looking to expand their product knowledge

..New analysts at investment banks, asset managers, and broker/dealers

..Regulators overseeing companies that access debt capital markets

 

 

Event Date:
October 22-23, 2013
Venue:
Downtown Conference Center
157 William St
New York, NY, US
Accommodations:
Although lodging is not provided as part of this program, the hotels listed below are convenient to the Downtown Conference Center. Please call the Downtown Conference Center to inquire about negotiated rates or with any other lodging related questions (212) 618-6990.

Millennium Hilton
55 Church St.
212-693-2001
800-Hiltons

Gild Hall
15 Gold St.
212-232-7700
800-268-0700

Best Western Seaport Inn
33 Peck Slip
212-766-6600

Hampton Inn Seaport
320 Pearl St.
212-571-4400

Conrad Hotel
102 North End Ave.
212-945-0100

Eurostars Wall Street Hotel
129 Front St.
212-742-0003

Wall Street Inn
9 S William St.
212-747-1500

Ritz-Carlton Battery Park
2 West St.
212-344-0800
CFA Institute

14 Hours of Continuing Education Credit

SNL Knowledge Center is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 14 CE credits hours as granted by CFA Institute. If you are a CFA Institute member, CE credit for your attendance at this event will be automatically recorded in your CE Diary upon request.

National Association of State Boards of Accountancy

16 Hours of CPE Credit

Participants who complete this program qualify for 16 hours of CPE credit (Specialized Knowledge and Applications).Program Level: Intermediate. Delivery Method: Group-Live. SNL Knowledge Center is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 4th Ave N, Ste 700, Nashville, TN, 37219-2417. Website: www.nasba.org.

What is the dress code? 
Business casual

Do I need a laptop?
No.

What is the cancellation policy?
Cancellations for this program are eligible for a full refund, less a $150.00 administrative fee, if received at least 15 business days prior to the start of the program. Cancellations received after that date but at least 5 business days prior to the start of the program receive a credit in the amount of the registration fee, less a $150.00 administrative fee, to attend another SNL Knowledge Center program within 13 months. Cancellations received fewer than 5 business days prior to the start of the program are not eligible for a refund or credit.

Attendee substitutions from the same company may be made at any time.

In the event of a cancellation from a group discount, refunds or credits are issued beginning with the most heavily discounted price, minus a $150.00 administration fee.

"No shows" - or those who cancel within 15 days of the program - and have registered under the Invoice option, remain liable for the full program fee.

SNL Knowledge Center reserves the right to cancel/change programs, content, speakers or venue at any time. SNL Knowledge Center reserves the right to make portions of the program registration information available to program sponsors. SNL Knowledge Center will not be held liable for any costs incurred by registrant due to individual registration cancellation. In the event that a seminar is cancelled due to inclement weather, faculty cancellation or force majeure, SNL Knowledge Center will refund the registrant's tuition in full, however SNL Knowledge Center will not be liable for incidental or consequential out of pocket expenses incurred by the registrant. If you have questions regarding SNL Knowledge Center's refund, complaint or program cancellation policy, please call us at (434) 951-7786.

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