{"ModuleCode":"RE5016","ModuleTitle":"Real Estate Securitisation","Department":"Real Estate","ModuleDescription":"The course covers innovations in debt capital markets, mainly the design of mortgage contracts and the development of real estate securitisation and structured financing products globally. Students will acquire a toolkit that allows them to understand mortgage mathematics, term structure models and the pricing of embedded options in real estate debt instruments. The module also covers credit analysis and the role of credit rating for real estate debt. Emphasis will be placed on the investment characteristics and pricing of secondary real estate instruments such as Mortgage-Backed Securities (MBS), Collateralised Mortgage Obligations (CMOs), asset-backed securitisation deals, as well as publicly traded debt paper.","ModuleCredit":"4","ExamDate":"2015-05-05T13:00+0800","ExamOpenBook":true,"ExamDuration":"P2H","ExamVenue":"SDE SR10-13","Lecturers":["Lum Sau Kim","Man Cho"],"IVLE":[{"Announcements":null,"Forums":[],"Workbins":[],"Webcasts":[],"Gradebooks":[],"Polls":[],"Multimedia":[],"LessonPlan":[],"ID":"46bece09-1933-4168-8537-81ca4021b577","CourseLevel":"1","CourseCode":"RE5016","CourseName":"REAL ESTATE SECURITISATION","CourseDepartment":"","CourseSemester":"Semester 2","CourseAcadYear":"2014/2015","CourseOpenDate":"/Date(1420473600000+0800)/","CourseOpenDate_js":"2015-01-06T00:00:00","CourseCloseDate":"/Date(1431187140000+0800)/","CourseCloseDate_js":"2015-05-09T23:59:00","CourseMC":"0","isActive":"N","Permission":"S","Creator":{"UserID":null,"Name":"Lum Sau Kim","Email":null,"Title":null,"UserGuid":"baa94293-1a3e-42ae-85e7-32b9595d0a17","AccountType":null},"hasGradebookItems":false,"hasTimetableItems":true,"hasGroupsItems":false,"hasClassGroupsForSignUp":false,"hasGuestRosterItems":false,"hasClassRosterItems":true,"hasWeblinkItems":false,"hasLecturerItems":true,"hasDescriptionItems":true,"hasReadingItems":false,"hasAnnouncementItems":false,"hasProjectGroupItems":false,"hasProjectGroupsForSignUp":false,"hasConsultationItems":false,"hasConsultationSlotsForSignUp":false,"hasLessonPlanItems":false,"Badge":0,"BadgeAnnouncement":0,"WebLinks":[],"Lecturers":[{"ID":"734fd3af-8ed7-4613-bb2b-79405635b02d","User":{"UserID":null,"Name":"Lum Sau Kim","Email":null,"Title":null,"UserGuid":"baa94293-1a3e-42ae-85e7-32b9595d0a17","AccountType":null},"Role":"Lecturer ","Order":1,"ConsultHrs":null},{"ID":"bf51337e-0147-4122-b199-794edb0b8c4d","User":{"UserID":null,"Name":"Man Cho","Email":null,"Title":null,"UserGuid":"cd7461fa-6c29-46a1-9866-b9031a7a882c","AccountType":null},"Role":"Visiting Professor ","Order":2,"ConsultHrs":null}],"Descriptions":[{"ID":"1e5f053b-8835-4692-be49-41f07234cfff","Title":"Learning Outcomes","Description":"The course covers innovations in debt capital markets, mainly the design of mortgage contracts and the development of real estate securitisation and structured financing products globally. Students will acquire a toolkit that allows them to understand mortgage mathematics, term structure models and the pricing of embedded options in real estate debt instruments. The module also covers credit analysis and the role of credit rating for real estate debt. Emphasis will be placed on the investment characteristics and pricing of secondary real estate instruments such as Mortgage-Backed Securities (MBS), Collateralised Mortgage Obligations (CMOs), asset-backed securitisation deals, as well as publicly traded debt paper.","Order":1},{"ID":"2e5f053b-8835-4692-be49-41f07234cfff","Title":"Prerequisites","Description":"Students must have obtained a reasonable grade in RE5003 Real Estate Investment Analysis or its equivalent.","Order":2},{"ID":"3e5f053b-8835-4692-be49-41f07234cfff","Title":"Teaching Modes","Description":"The module is taught using a 3-hour seminar format.","Order":3},{"ID":"4e5f053b-8835-4692-be49-41f07234cfff","Title":"Schedule","Description":"To be given separately in class","Order":4}],"ReadingFormatted":[],"ReadingUnformatted":[]}],"Timetable":[{"ClassNo":"1","LessonType":"Lecture","WeekText":"Every Week","DayText":"Monday","StartTime":"1900","EndTime":"2200","Venue":"SDE-ER1"}],"LecturePeriods":["Monday Evening"]}