An alphabet soup made up of RMBS, CMBS, CDOs, SIVs have been in the press for the last few years and while they perform an integral part of the capital markets, few know what they are. Some commentators and regulators have alleged that these sophisticated financial instruments were responsible for the Credit Crisis that nearly destroyed the global economy. What are these structured products, how do they work and who created them?

New York attorney and subject matter expert Jack Chen explains the essential characteristics of structured finance and then provides a survey of the different types of asset backed securities in the market. The course explains the roles of originators, servicers, trustees, managers and rating agencies while reviewing sample capital stacks and cash flows for each type of transaction and surveys the areas of laws that any practitioner needs to know in working in this area.