Info
Foto sezione
Logo Bocconi

Course 2008-2009 a.y.

8191 - INVESTMENT BANKING AND STRUCTURED FINANCE


MM-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - DES-LS - CLG-LS - M-LS - IM-LS - ACME-LS - EMIT-LS
Department of Finance

Course taught in English


Go to class group/s: 31

MM-LS (6 credits - I sem. - AI) - AFC-LS (6 credits - I sem. - AI) - CLAPI-LS (6 credits - I sem. - AI) - CLEFIN-LS (6 credits - I sem. - AI) - CLELI-LS (6 credits - I sem. - AI) - DES-LS (6 credits - I sem. - AI) - CLG-LS (6 credits - I sem. - AI) - M-LS (6 credits - I sem. - AI) - IM-LS (6 credits - I sem. - AI) - ACME-LS (6 credits - I sem. - AI) - EMIT-LS (6 credits - I sem. - AI)
Course Director:
STEFANO GATTI

Classes: 31 (I sem.)
Instructors:
Class 31: STEFANO GATTI



Course Objectives

The course focuses non the business of structured finance from the financial intermediaries' standpoint.
The course pays constant attention to the pratical aspects of each structured finance transaction. The repeated use of case studies analyzed by teams of students allows to link the theoretical background to real-life situations.
For each transaction, the issues discussed are: 1. definition of the transaction; 2. deal structuring; 3. the trend of demand at both international and domestic level; 4. the situation of the offer (internationally and at the domestic level).


Course Content Summary
 

Structured finance: the classification of the deals.

Asset-backed securitization:

  • types and features
  • cash vs syntetic securitizations
  • the rating of securitization deals

Project financing:

  • features and differences with corporate financing;
  • industries of application; private projects vs public-private partnerships
  • risk analysis and risk management
  • valuation of deal's bankability
  • the rating of project finance deals

Detailed Description of Assessment Methods
  • Final written exam for both attendant and nonattendant students. Attendants can join the assignment program. In this case, the average of the marks obtained by students' groups will count for 40% on the final valuation, the remaining 60% being the mark given to the final exam.
  • No partial exam is scheduled.

Textbooks
  • S. Gatti, Project Finance in Theory and Practice, Elsevier-Academic Press, 2007.
  • Slides by the instructors, made available through the course website.
Exam textbooks & Online Articles (check availability at the Library)
Last change 12/06/2008 18:01
 

In questa sezione