Podcast Location:
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Banking and Financial Services
CPD Points:
Up to 1 point. details »

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Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
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  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast aims to provide an overview of securitisation by examining the process behind their creation and how they have worked in practice. It discusses the various types of securitisation that exist, the importance of a class note, and the advantages of securitisation. It finally examines the history of securitisation and how the credit crunch caused it's downfall

After completing the course you will:
  • Know what securitisation is;
  • Appreciate the process behind securitisation;
  • Understand what a loan is in this context;
  • Know what happens when a loan is defaulted;
  • Appreciate the advantages to a lender of lending money;
  • Understand how to put a securitisation together;
  • Understand the relevance of a residential mortgage loan in this context;
  • Know what is meant by a loan originator;
  • Know who is in control of a Special Purchase Vehicle;
  • Know the significance of the class of note investors hold;
  • Understand what is meant by a payment waterfall;
  • Understand why investors buy bonds in SPVs who undertake securitisation;
  • Know the main types of securitisation, from RMBS to CMBS;
  • Know about the history of securitisation;
  • Appreciate the effect of the credit crunch on the securitisation markets and where it goes from here.
Intermediate Difficulty: 3 of 5
Legal Principles
Practical Guide
Sources and References:
  • There are no relevant citations for this podcast.

In this podcast, Alex Campbell, a solicitor at Berwin Leighton Paisner, introduces the topic of securitisation, looking at the various types that exist, their chequered history and what the future holds in store.

Podcast added: 04/08/11

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