RMBS, CMBS, CDOs, SIVs can seem like alphabet soup yet they play an integral part of the global economy and capital markets. Some will even allege that these sophisticated financial products 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?

This informative CLE course, presented by 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 discuss the areas of laws that any practitioner needs to know in working in this area.