Credit linked structured products are complex financial instruments designed to match investors' risk and return preferences. The document discusses a course that introduces these products and how they are used in wealth management in Greater China. It covers topics like credit default swaps, credit linked notes, collateralized debt obligations, and the sales, regulation, and use of these products in mainland China, Taiwan, and Hong Kong. The goal is to explain how credit structuring works and clarify misunderstandings, given the sophisticated manufacturing process of these investment tools.

1. Credit Linked Structured Products for
Wealth Management Services in Greater China
Objective
Credit structuring is one of the most important innovations in the financial market during
the last twenty years. Through credit structuring, a broad range of credit products with
different risk-return characteristics are manufactured to match the preferences of a broad
range of investors in order to improve their investment performance.
With the popularity of credit default swaps, credit linked structured products can now be
tailored in accordance with the specifications from investors. Nevertheless, due to this
highly sophisticated manufacturing process, the reality of many credit linked structured
products is distorted, thus resulting a lot of mis-understandings to credit structuring.
This course aims at introducing the major features of credit linked structured products and
their functional purposes in the investment markets. The current industry practices,
covering the design and structuring, sales and marketing, risk assessment and regulatory
requirements, will be discussed with an emphasis in the wealth management services in
mainland China, Taiwan and Hong Kong.
Contents
• Credit default swaps (“CDSs”)
• Credit linked notes (“CLNs”) and Lehman Brothers’ minibonds
• Collateralized debt obligations (“CDOs”)
• Credit securitizations in mainland China
• Sales and marketing of credit linked structured products
• Regulatory and compliance requirements of credit linked structured products
Duration
3 hours
Level
Standard