CLE Course Details

Collateralized Debt Obligations and Credit Default Swaps: A Guide for Lawyers

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Price: $81
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  • Description

    What are Collateralized Debt Obligations (CDOs) and Credit Default Swaps (CDS)? How did they come to play, and continue to play, such prominent roles in the global economy? Ever wanted to know the difference between a CDO and a CLO? What are TruPs CDOs? And why are they so controversial as to remain in news headlines today? Get a real understanding of CDOs and CDSs, how they are structured and the litigation landscape regarding these investments today.

    This CLE course, presented by Jack Chen, a New York attorney and CDO and derivatives expert, takes you through the different types of CDOs, the various parties involved in a transaction, the legal agreements and areas of law with which these important financial products interact. Any practitioner who works with banks, investors, structured products or derivatives will learn valuable information that they can apply in their everyday work.

  • Instructor Bio

    Jack Chen

    Jack is a consultant with expertise in the capital markets, corporate securities, structured finance, asset backed securities, ratings, real estate investments and derivatives. He currently provides advisory and consultancy services and has testified as an expert witness in federal court in a case involving ratings and complex financial products. He is a recognized expert in structured finance where he has over 15 years' of experience. His product expertise includes derivatives such as credit default swaps, interest rate derivatives and total return swaps, cash and synthetic collateralized debt obligations, collateralized loan obligations, derivative product companies and structured investment vehicles.

    Jack began his career as an associate at the white shoe law firm of Willkie Farr & Gallagher and then joined the prestigious law firm of Sullivan & Cromwell with a practice in corporate law, securities and a concentration in structured finance. He left law to rate derivatives and structured products at Moody's Investors Service and then served as the Chief Operating Officer of HillMark Capital and then of Centerline Financial before founding his own consulting firm, Pronetik, providing litigation support, serving as an expert witness and supervising quantitative analyses. Jack has appeared on the CBS Evening News and was featured as an expert on 3-part documentary titled “Age of Gold” for the “Docu-Prime” series of South Korean television network EBS. He has also been quoted or cited in a number of newspapers and trade journals, including Wall Street Journal, Business Week, Bloomberg News, Market Watch News Hub, Risk, Creditflux, St. Petersburg Times, Asset-Backed Alert and Structured Credit Investor.

    Jack received his undergraduate degree from Columbia College, Columbia University and his legal degree with honors from Fordham University School of Law where he was Senior Articles Editors of the Fordham Law Review.