• Evaluating Asia's key economic indicators
• Identifying key factors that will drive the next phase of economic expansion
• Seeking out opportunities for corporates and the financial service sector
• Exploring investor's confidence in Asia and concerns in the global marketplace
• Examining how Asia can sustain its rapid economic growth in the next few years
• Looking ahead for 2005- what’s in store for the funds industry?

• Assessing the similarities and differences between the different markets: US, Europe, Japan, Asia, Australia perspectives
• Examining the profiles of the market participants: who are the key players?
• Understanding the dynamics driving the rapid growth of securitisation globally
• Addressing the recent issues and problems in the global securitisation market: what are the lessons to be learnt?

• What are investors’ attitudes towards corporate securitisation: ABS, MBS and CDOs?
• Comparing Asia’s demand versus views from European and US investors
• Evaluating investors’ preferences for specific types of deals
• Meeting the challenges of investing in complex transactions
• Addressing the need for information flow/corporate governance to improve transparency

• Background of the Korean RMBS market
• RMBS market before the establishment of KHFC
• Operational characteristics of KHFC and mid-to-long-term effect
• Major findings in the primary mortgage market
• KHFC's unique MBS issuance structure
• Investors' demand on KHFC MBS
• Future directions to promote RMBS market

• Business process review
• legal and accounting analysis
• Collateral analysis and rating negotiations
• Transaction design and documentation
• Investor education and marketing
• Execution and post-sale transaction support

• Traditional US-type RMBS deals and Asian RMBS
• How was the bond-style deal structured, set up, priced and traded?
• Examining the primary factors affecting the market
• How will the deal develop Hong Kong’s securitisation market and entice capital investment?

• Implications of the cross border RMBS deal for Asian RMBS markets
• What are the latest structural innovations and market developments?
• Predicting future market outlook and developments

• Developments of RMBS in Taiwan
• Reviewing the deal structure, similarities, and differences and pricing execution with other recent RMBS transactions in Taiwan
• Marketing an entirely new form of long-term amortizing security to inexperienced local investors - do the deals deliver the goods?

A prelude to the welcome party/dinner, this is an excellent opportunity to continue the conversations sparked off at the conference with speakers and peers over a glass of champage.  Through a rotating table format, you will get the opportunity to meet all your speakers and fellow attendess face-to-face in 30 minutes.  So bring plenty of business cards for a fast and furious interactive session.

Followed by afternoon refreshments.

• Contrasting the residential mortgage funding systems in different countries and major Asian markets
• House for all – can securitisation ensure cheap mortgage funding?
• Why is RMBS not strong enough in Asia?
• Investing in the Asian RMBS paper - what are the potential benefits and pitfalls?

• The NPL problem in Asia - impact of systemic or unsystemic reasons?
• Assessing the recent performance of NPL transactions in Asia
• Comparing and contrasting the structure of NPL transactions
• Resolution and securitisation of NPLs
• Can NPLs backed by industrial assets be securitised?

• Examining components of the CDO market to develop arbitrage opportunities
• Reviewing the latest development in the structured credit market in Asia
• Dissecting arbitrage synthetic CDOs - Is it a money-spinner for all?
• Asian retail investors as a new distribution channel for arbitrage CDO – where are the opportunities?

• How they work
• How to analyse them
• Performance & resistance
• Monte-Carlo simulations
• Including Equity Default Swaps (EDS) within these CDS-based structures

• Synthetic CDOs as arbitrage device – what are the investors’ concerns?
• Experience so far with global bankruptcies and valuations
• How do you take care of the inter-CDO correlation?
• How do you see the market looking forward?

• Searching for relative value in arbitrage CDOs
• How do CDOs continue to provide diversification benefits to investors?
• What are the structural enhancements that investors should look for when comparing CDO transactions?
• Identifying the pitfalls of CDOs - how to avoid them and take full advantage of the mechanism?
• How have deals in Asia performed in general?

• Corporate finance versus securitisation: the issuer’s perspective
• Securitisation for Telcos - is it an add-on or alternative funding device?
• Implications of a securitisation environment on operations and systems
• Investor outlook – investors’ concerns and convictions

• Addressing early amoritisation risk
• Exploring master trust structures - would it work in Asia?
• How did this case tackle specific issues under Korean law?
• Assessing the special risks/safeguards in reinstating transactions

• Looking at the motives of a synthetic deal for a retail asset
• Mastering transfer of asset risks in a portfolio of operating leases
• How has the performance of the pool been so far?
• What kind of investor base has bought into the deal?
• Would you be repeating the deal?

• What are the motivations?
• Investor concerns in emerging markets
• What has been the investor experience so far?
• Will this idea work anywhere else?
• Who are the investors?

Orico’s Oscar auto loans programme, is the benchmark for

Japanese ABS in the Euromarket. Through a first hand

account, find out:

• How true is true sale?
• Does securitisation necessarily have to take the true sale route?
• Can secured lending be bankruptcy remote under Asian insolvency laws?
• With efficient secured loan enforcement systems, do we still need true sales?

• The revised capital rules: does it mean more capital for originators, investors, and conduit sponsors?
• Tiding over the complexity of the internal ratings based approach
• Would Basel II kill regulatory arbitrage-driven securitisation?
• How would Basel II affect balance sheet synthetic securitisation?

• Reviewing the type of transactions likely in the future
• Which are the likely companies to enter into securitisation?
• What other asset types could be good securitisation candidates?
• Exploring the need for innovative deals
• Can structured finance instruments continue to hold investor interest?
• Creating of benchmarks to promote best practices, standardisation and transparency