Finance and TreasuryStructured Finance
Structured finance separates and reallocates risk between parties, and it does so through arrangements whose complexity is itself a risk. This course covers the main structures and their mechanics. Delegates work through securitisation, special purpose vehicles and true sale, credit enhancement and tranching, project finance structures and their security packages, and the rating and investor analysis applied to structured transactions. The course covers the documented failures of these instruments frankly, including the concentration of risk that tranching can conceal, and applies the material to African infrastructure and receivables transactions.
Course objectives
- Explain securitisation structures and the role of the special purpose vehicle
- Assess true sale, bankruptcy remoteness and their legal basis
- Analyse credit enhancement, tranching and the risk it can conceal
- Describe project finance structures and their security packages
- Apply rating and investor analysis to a structured transaction
- Recognise the failure modes documented in past structured markets
- Apply the structures to African infrastructure and receivables transactions
Who should attend
- Structured and corporate finance professionals
- Banking and capital markets staff
- Legal and documentation professionals
- Institutional investors and analysts
- Regulators and supervisors
Course outline
- 01What structured finance does with risk
- 02Securitisation and special purpose vehicles
- 03True sale and bankruptcy remoteness
- 04Credit enhancement and tranching
- 05What tranching can conceal
- 06Project finance structures and security packages
- 07Rating and investor analysis
- 08African infrastructure and receivables applications
Scheduled sessions
| Dates | Venue | Format | Price | Register |
|---|---|---|---|---|
| 12 to 16 October 2026 | Pretoria, South Africa | Classroom | R19,950 per delegate | Register Now |
| 18 to 22 January 2027 | Johannesburg, South Africa | Classroom | R19,950 per delegate | Register Now |
| 25 to 29 January 2027 | Online | Online | R8,500 per delegate | Register Now |
| 1 to 5 March 2027 | Cape Town, South Africa | Classroom | R19,950 per delegate | Register Now |