elearning > Credit linked notes

Learn about the following:

How credit linked notes work. Why issuers and investors use credit linked notes. The main risks related to credit linked notes

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Course Summary

Credit Linked Notes

• How credit linked notes work
• Why issuers and investors use credit linked notes
• The main risks related to credit linked notes

30 minutes

7 question multiple choice test

1. Credit linked notes

• A medium term note and a credit default swap
• How a bank originates the CLN
• Risk and return for the investor
• How the bank originator reduces funding costs
• Why investors buy CLNs

2. Credit linked notes – the risks

• No credit event, repayment
• Credit event
• Final terms
• The investor’s loss
• Why the bank is hedged
• Investor’s credit risk on MTN
• Liquidity, fair-value and operational risks

3. Summary

4. Test