• Structured/Securitization Finance – 6843

    Spring 2013

Credits

2

Course

Michael Macaluso

In its most basic form, securitization involves pooling, structuring, and selling assets (i.e., predictable cash flows such as loans), derived from an originator — a financial institution or other entity, to a special legal entity that is “bankruptcy remote.” The seminar will begin by introducing the concept of securitizing (or monetizing) assets, will then review legal and accounting issues related to securitization and structured finance, will look at troubled securitization transactions including issues related to the bankruptcy of the originator, will address three independent case studies dealing with the first time issuer, the established company and industry, and the securitization of development loans, and will conclude by offering insights into the future of securitization. In its most basic form, securitization involves pooling, structuring, and selling assets (i.e., predictable cash flows such as loans), derived from an originator — a financial institution or other entity, to a special legal entity that is “bankruptcy remote.” The seminar will begin by introducing the concept of securitizing (or monetizing) assets, will then review legal and accounting issues related to securitization and structured finance, will look at troubled securitization transactions including issues related to the bankruptcy of the originator, will address three independent case studies dealing with the first time issuer, the established company and industry, and the securitization of development loans, and will conclude by offering insights into the future of securitization.

Contact Information

University of Minnesota Law School

Walter F. Mondale Hall | 229 19th Avenue South | Minneapolis, MN 55455

P: 612-625-1000

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