To ensure we meet your expectations and maximise your return on training investment, we favour a classroom/workshop set up for the delivery of our courses. Please note we have therefore limited number of spaces available and these will be assigned on a first come, first accepted basis. We recommend early booking to avoid disappointment.

“Theoretical and practical aspects of credit risk measuring and modeling …”

How will you benefit?

Credit derivative instruments have been badly hit with the financial crisis. It is clearly essential to financial institutions to revise modeling techniques and methods used to manage the risks on these contracts. It is of major importance to review model pitfalls but also accuracy of techniques in order to move on to the next generation of modeling. This timely workshop will cover the key aspects of credit risk at a single name and portfolio level. You will gain a deep understanding of the theory of credit risk models, credit derivatives through practical pc-based workshops illustrating the basic models. The course will cover the failure of credit risk models during the credit crisis and how they need to change in the future.

• Learn about the commonly used single name and portfolio credit risk models

• Hear about methods for managing credit risk with credit derivatives

• Get an insight into securitisation and CDO products

• Use workshops to cover implementations of the key credit risk models

• Cover Basel II implementation and hear about the weaknesses of the approach

• Discuss credit risk modeling after the credit crisis

• Understand the strengths and weaknesses of the different methods to assess default probability

About your expert trainer:

Dr Jon Gregory is a financial consultant and trainer. Until 2008, he was Global Head of Credit Analytics at Barclays Capital based in London. Jon has worked on many aspects of credit modeling over the last decade, being previously with BNP Paribas and Salomon Brothers. In addition to publishing papers on the pricing of credit risk and related topics, he is co-author of the book “Credit: The Complete Guide to Pricing, Hedging and Risk Management”, short-listed for the Kulp-

Wright Book Award for the most significant text in the field of risk management and insurance. He is author of the book “Counterparty risk : the next challenge for the global financial markets” to be published by Wiley Finance in December 2009. Jon holds a PhD from Cambridge University.

Pre-course questionnaire:

A detailed questionnaire will be sent to all course participants to establish exactly where the group training needs lie. The completed forms will be analysed by the course leader/trainer and followed by telephone if further clarification is required. As a result we can guarantee that the course is pitched at exactly the right level and that the issues that you regard as relevant are addressed. The course material will reflect these issues and will enable you to digest the subject matter after the event in your own time.

Who should attend?

From Financial Institutions, Investment Banks, Hedge Funds, Asset

Managers, Brokerage Firms and Consultancy Groups:

Market Players in:

• Credit Risk Management/Analysis and Products

• Credit Derivatives Pricing/Strategy and Development

• Credit traders, Structurers and Sales

• Structured Products

• Quantitative Analysis and Strategy

• Credit Risk Modeling

• Portfolio Management

• Financial Engineering

• Risk management

• Credit control

• Collateral management

• Middle office

• Technology