Asset securitisation was at the heart of the financial crisis but most losses were due to just one sector, in one country – US sub-prime mortgages. Elsewhere, securitisation continued its roles in providing an alternative funding source for issuers and a menu of risk/return for investors – from AAA that performs as AAA to ‘Equity’ – across an ever-widening range of asset types. This course explains how securitisation is done, why it is done – from issuers’ and investors’ perspectives, the various risks involved, how – and to what extent – they are mitigated. It incorporates case studies from each of the major asset sectors – residential mortgages, auto loans, CLOs, commercial MBS, etc.