Advanced Debt Capital Markets and Securitisation - LAWS8027
Faculty: Faculty of Law
School: Faculty of Law
Course Outline: See below
Campus: Sydney
Career: Postgraduate
Units of Credit: 6
EFTSL: 0.12500 (more info)
Indicative Contact Hours per Week: 2
Enrolment Requirements:
Must be enrolled in Program 9200, 9210, 5740, 9270 or 5272
Excluded: JURD7427
CSS Contribution Charge: 3 (more info)
Tuition Fee: See Tuition Fee Schedule
Further Information: See Class Timetable
View course information for previous years.
Description
LLM Specialisations
Recommended Prior Knowledge
Course Objectives
1. Acquired expansive and comprehensive knowledge of:
- the debt capital markets and securitisation in particular (how they operate and are regulated, particularly in Australia but also in other areas of the world;
- the interaction of tax and stamp duty law with debt capital markets issues;
- the role of rating agencies in a capital markets issue;
- the variety of structured capital markets products available; and
- improved their oral communication skills by participating in class discussions where the lectures allow.
- ability to analyse, problem solve and think critically; and
- written communication skills.
Main Topics
- What debt capital markets are?
- What debt and hybrid instruments are?
- Disclosure regimes for retail and wholesale debt instruments in Australia and overseas;
- Relevant prudential regulation issues;
- Traditional and other securitisation structures;
- General applications for derivatives in debt capital markets;
- Covered bond structures;
- Tax and stamp duty charges on debt instruments;
- Insolvency issues as they apply to insolvent issuers of debt instruments;
- Marketing and pricing residential mortgage backed securitisation transactions;
- The role of rating agencies in a capital markets issue;
- Clearing systems;
- Recent developments and future reforms.
Assessment
Class participation 10%
Take home exam 90%