|
|
|
Credit Risk in Emerging Markets
For dates and locations click here.
Click to Register Online or call 202.223.1528.
Course: This one-day program is designed to enhance analytical skills to create qualitative
and quantitative frameworks to analyze credit risk in emerging markets. Attendees will learn to analyze
credit risk drivers in emerging markets; utilize market indicators (i.e. commodity prices, macro indicators,
ratings, equity and debt prices) to understand the credit risk of emerging market borrowers and derivatives counterparties.
Participants will discover how to establish underwriting criteria for emerging market borrowers and how to
evaluate qualitative and quantitative frameworks to differentiate between borrowers and substantiate lending decisions.
Attendees also will learn how to compare and contrast the techniques used to assess the credit standing of companies
in emerging markets and be able to debate advantages and disadvantages of credit risk models as applied to emerging markets.
The course will include a presentation, interactive discussions and case studies.
Module I: Overview of Risk in Emerging Markets
- Define economic and country risk
- Identify and analyze other risks in emerging markets
- Market (interest rate, commodity, and currency risks)
- Liquidity, operations, and legal risks
- Evaluate corporate governance, complex ownership structures, and government stakes
- Case Study
Module II: The Credit Process
- Identify the importance of each component of the credit process
- Evaluate the critical importance of the identification, measurement and evaluation of risk in the credit process
- Evaluate the quality of the credit process
- Establish how disbursed loans and derivatives counterparties need to be monitored
- Compare and contrast strategies to work out problem loans and problems with derivatives counterparties
Module III: Credit Analysis
- Describe the basic elements of a quality credit process
- Establishing underwriting criteria
- Steps to assess potential borrower's credit worthiness
- Internal financial information
- Market signals
- Ratings, stock price, and credit spreads
- Analyzing borrower's and counterparty' collateral
- Discern best practice credit analysis techniques when reviewing emerging market borrower financial statements
- Analyze key factors in a balance sheet, income statement, and cash flow statements
- Compare and contrast useful financial ratios
- Evaluate the appropriateness, quality and results of the credit analysis techniques used in the credit process
- Compare and contrast rating agencies' credit analysis
- Case Study
Module IV: Overview of Credit Risk Measurement
- Discuss typical measurement models used by credit risk practitioners
- Compare and contrast measurement models and their applicability to emerging markets
- CVaR
- Credit Risk Metrics
- KMV
- Identify advantages and risks in credit risk models as applied to emerging markets
Class Size: Registration is intentionally limited to approximately 15 participants
to promote student participation and interaction.
Who Should Attend: Professionals responsible for analyzing emerging market borrowers, counterparties, and credit products.
Level: Intermediate/Expert
Cost: $450 early-bird ends 4 weeks prior to course date; $500 standard registration.
Complimentary continental breakfast and
refreshment breaks are provided. Lunch on own.
To Register: Online click here, contact
the Institute at 202.223.1528
or via e-mail at
info@theIFM.org
|
|
