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所在平台: Udemy |
课程主页: https://www.udemy.com/course/collateral-management-masterclass/
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课程名称：抵押管理大师班 课程概述：抵押管理是指经营中的一种风险管理实践，涉及债务人向债权人提供的资产（如证券或现金）作为信用风险的保障。抵押资产可以在债务人违约时由债权人保留，以弥补可能遭受的财务损失。近年来，尤其是在2007-2008年金融危机后，抵押品的使用和管理逐渐成为战略性问题。有效管理可用作债务担保的抵押品，有助于各方降低信用风险或对手风险。 您可能熟悉抵押贷款中提供的抵押品，例如银行或借贷机构有权在借款人未能按时还款的情况下，接管抵押的房屋。但抵押品的应用并不限于贷款。在投资银行的视角下，衍生品和证券融资交易同样需要抵押品。对于场外交易（OTC）中的衍生品，抵押品的基础和安排由交易双方共同商定；而在交易所上市的衍生品中，抵押品的安排则依赖于清算所的规则。 此外，在证券融资交易中，抵押品也适用于回购协议（Repo）和逆回购（Reverse Repo），这些是银行之间或银行与中央银行之间的短期贷款。股票借贷计划中，借出和借入股票也需要抵押品，最大期限为12个月。同时，允许借款用于投资的保证金贷款计划也要求提供抵押。 准备好学习更多内容了吗？快来加入我们吧！
Collateral ManagementWhat is collateral? Collaterals simply are the set of assets, in the form of securities or cash, delivered as security by the debtor to the creditor to hedge the credit risk of the financial transactions agreed between two parties. In the event of a debtor's default, the creditor has the right to keep the assets pledged as collateral to compensate for the financial loss suffered.The practice of offering collateral, or "collateralizing" operations, has grown steadily in recent years, with the financial crisis of 2007-2008 resulting in further growth. The management of available collateral that may be used as security for debt thus becomes a strategic concern for the parties to mitigate the credit or counterparty risk.You might be familiar with the collateral provided on loans, like a mortgage, where the banks or lending institutions have the right to take ownership of the house; if the debtor defaults on mortgage payments, the bank can take ownership of the house.However, collaterals are not limited to loans; from an investment banker's perspective, collaterals are also required in derivatives and securities financing transactions. In derivatives, if the trades are made Over the counter (OTC) that is directly between two counterparties, the basis and arrangements of collateral will be made by the terms on which both the counterparties have agreed, and if the trades are made on exchanges, listed derivatives then the arrangements of collateral will be made on the rules determined by the clearinghouses.Now for securities financing transactions, collaterals are required for repurchase agreements, commonly known as Repos and Reverse Repos, where banks lend money among themselves or to the central bank for brief periods, usually overnight. Collaterals are also required in Stock Borrowing and Lending schemes, where stocks are borrowed and lent, for a maximum period of 12 months. A margin lending scheme that allows us to borrow money for investment purposes also requires collateral.Ready to learn more, come learn with us.
