An Introduction to Asset-Backed Securities
Asset-Backed Securities (ABS) are a type of investment instrument that can provide investors with a steady stream of income. This guide provides an introduction to ABS, Mortgage Backed Securities, Collateralized Debt Obligations, and other related topics. ▼
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Course Feature
Cost:
Free
Provider:
Udemy
Certificate:
No Information
Language:
English
Start Date:
On-Demand
Course Overview
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Updated in [March 06th, 2023]
It is also beneficial for those who want to understand the macroeconomic implications of securitization and the benefits it provides to economies and financial markets. Learners will gain an understanding of the securitization process, the parties involved and their roles, as well as the structures of securitizations. They will also learn about the types and characteristics of residential mortgage loans that are typically securitized, and the types and characteristics of residential mortgage-backed securities, including mortgage pass-through securities and collateralized mortgage obligations, and the cash flows and risks for each type. Additionally, learners will gain an understanding of prepayment risk and the prepayment risk of mortgage-backed securities, as well as the characteristics and risks of commercial mortgage-backed securities and non-mortgage asset-backed securities. Finally, learners will gain an understanding of collateralized debt obligations, including their cash flows and risks.
[Applications]
Upon completion of this course, students should be able to apply their knowledge of Asset-Backed Securities to their own investments. They should be able to identify the benefits of securitization for economies and financial markets, understand the process of securitization and the roles of the parties involved, and recognize the different types of ABS and their associated cash flows and risks. Students should also be able to identify the types and characteristics of residential mortgage loans that are typically securitized, as well as the types and characteristics of residential mortgage-backed securities, commercial mortgage-backed securities, and non-mortgage asset-backed securities. Finally, students should be able to explain the cash flows and risks associated with collateralized debt obligations.
[Career Paths]
The career paths recommended to learners of this course are:
1. Asset-Backed Securities Analyst: Asset-Backed Securities Analysts are responsible for researching and analyzing the performance of asset-backed securities, such as mortgage-backed securities, collateralized debt obligations, and other types of asset-backed securities. They must have a thorough understanding of the securitization process, the different types of asset-backed securities, and the risks associated with each type. This job is expected to grow in the coming years as the demand for asset-backed securities increases.
2. Fixed Income Trader: Fixed Income Traders are responsible for trading fixed income securities, such as bonds, mortgage-backed securities, and other asset-backed securities. They must have a thorough understanding of the markets, the different types of fixed income securities, and the risks associated with each type. This job is expected to grow in the coming years as the demand for fixed income securities increases.
3. Investment Banker: Investment Bankers are responsible for providing financial advice and services to clients, such as corporations, governments, and other entities. They must have a thorough understanding of the markets, the different types of investments, and the risks associated with each type. This job is expected to grow in the coming years as the demand for financial advice and services increases.
4. Risk Manager: Risk Managers are responsible for managing the risks associated with investments, such as asset-backed securities, mortgage-backed securities, and other types of investments. They must have a thorough understanding of the markets, the different types of investments, and the risks associated with each type. This job is expected to grow in the coming years as the demand for risk management services increases.
[Education Paths]
Recommended Degree Paths:
1. Bachelor of Science in Finance: This degree program provides students with a comprehensive understanding of the principles of finance, including investments, financial markets, and financial management. Students will learn about the fundamentals of financial analysis, financial planning, and risk management. They will also gain an understanding of the global financial system and the role of financial institutions in the economy. This degree program is ideal for those interested in pursuing a career in the financial services industry, such as asset management, banking, and investment banking.
2. Master of Science in Financial Engineering: This degree program provides students with a comprehensive understanding of the principles of financial engineering, including quantitative methods, financial modeling, and risk management. Students will learn about the fundamentals of financial engineering, including the use of mathematical models and computer simulations to analyze financial markets and develop financial products. This degree program is ideal for those interested in pursuing a career in the financial services industry, such as asset management, banking, and investment banking.
3. Master of Science in Investment Management: This degree program provides students with a comprehensive understanding of the principles of investment management, including portfolio management, asset allocation, and risk management. Students will learn about the fundamentals of investment management, including the use of financial models and computer simulations to analyze financial markets and develop investment strategies. This degree program is ideal for those interested in pursuing a career in the financial services industry, such as asset management, banking, and investment banking.
4. Master of Science in Financial Risk Management: This degree program provides students with a comprehensive understanding of the principles of financial risk management, including risk assessment, risk management, and risk mitigation. Students will learn about the fundamentals of financial risk management, including the use of financial models and computer simulations to analyze financial markets and develop risk management strategies. This degree program is ideal for those interested in pursuing a career in the financial services industry, such as asset management, banking, and investment banking.
Developing Trends:
1. The use of technology in the financial services industry is increasing, and this is driving the need for professionals with a strong understanding of technology and its applications in the financial sector.
2. The use of artificial intelligence and machine learning in the financial services industry is increasing, and this is driving the need for professionals with a strong understanding of these technologies and their applications in the financial sector.
3. The use of data analytics in the financial services industry is increasing, and this is driving the need for professionals with a strong understanding of data analytics and its applications in the financial sector.
4. The use of blockchain technology in the financial services industry is increasing, and this is driving the need for professionals with a strong understanding of blockchain technology and its applications in the financial sector.
Pros & Cons
Explained well
Good and informative
Economic importance of securitization process
Crisp, clear, concise and comprehensive
Excellent introduction to the topic
Good refresher for those familiar with finance
No closed captioning
Too much spoken without written down
Assumes knowledge of finance concepts
Course Provider
Provider Udemy's Stats at AZClass
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Quiz
Submitted Sucessfully
1. What is the main purpose of this course?
2. What is the main focus of this course?
3. What is the target audience of this course?
4. What is securitization?
Correct Answer: The process of pooling and repackaging of cash flows into marketable securities.
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