Click HERE to download articles on our purpose and thoughts behind the event!
ECONOMIES OF INFLUENCE: The event attracts a powerful and intimate audience known for their influence, importance and/or impact on the markets.
ECONOMIES OF INTELLECT: Peer-to-peer interaction among lenders, issuers, dealers, market-makers, investors, regulators, rating agencies, economists, research analysts, trade organizations and leading service providers
ECONOMIES OF KNOWLEDGE: Overview of global industry issues and pan-European developments; focus on best practices and trends along the mortgage value chain in primary and secondary markets; covers entire funding spectrum from whole loan sales and trades to cash securitization to structured covered bonds to covered bonds; breakout sessions feature leading players in all major national markets.
ECONOMIES OF MARKETING: Through all of the year-round activities coordinated to move the dialogue to a collective pan-European forum, the event offers partners an unparalleled opportunity to differentiate, distribute and deliver their message to the entire industry from a single platform.
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EuroCatalyst 2004: Growth, integration and differentiation in European housing finance and fixed-income investment
Preliminary program outline:
DAY 1 Monday, 11 October 2004 HALF DAY OF SPECIAL FORUMS: This year, we're kicking off the event with four key, high-level forums focussing on strategic issues facing players on the funding and operational side of housing finance. The forums will be held in the afternoon, followed by a Gala Dinner and Concert sponsored by the Verband deutscher Hypothekenbanken (Association of German Mortgage Banks). The concert features international jazz sensation Stacey Kent.
(Click here for the draft outline for Day 2)
(Click here for the draft outline for Day 3)
| 1300-1500 | TRACK A / FORUM 1 | TRACK B / FORUM 1 |
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MASTER SERVICING IN EUROPE
Is it a realistic capability or just a reporting function?
SPECIAL / DEFAULT SERVICING
While Italy has managed NPLs well, how is the rest of Europe dealing with their non-performing loans?
Special focus on German NPLs (highlights taken from the workshop)
OFFSHORE SERVICING
How is it impacted by Basel II
Is the increase in risk offset by the reduction in costs?
U.K. and German data protection act
SERVICING AND BASEL II
To what extent will servicing help offset the impact of Basel II operational risk charge?
As the one-time benefits gained from the historical portfolio performance for lenders are offset by the operational risk charges, will lenders focus more on the discipline of manufacturing to mitigate the operational risk charge?
BACKUP SERVICING: Fundamental or false comfort?
What do backup servicers meaningfully do in case of default?
What happens when the transaction amortises?
If they cannot take over full servicing will they pay the interest and the bonds?
How realistic is it for someone to step in an take over a portfolio in a meaningful amount of time?
SERVICER RATINGS: An end to justify the means?
Are ratings on European servicers meaningful or premature and if the latter, are rating agencies just trying to market their ratings?
Is there true clarity on rating methodologies?
Are rating agencies able to give an accurate assessment of the servicing process, including technology?
When the markets currently don't even price for servicing, is it useful to have the servicer ratings?
INVESTOR PERCEPTIONS AND CONSIDERATIONS
due diligence on servicers
What is the capacity for mortgages in arrears?
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Which markets are in distress, and which markets are headed in that direction in the next 12 months?
Who are selling their NPL assets
Bankruptcy, Workouts and Reorganisation
Alternative financing options for distressed assets
Successful turnaround strategies for non-performing loans
Securitisation, whole loan sales, sealed bids and auctions
Which models work in which markets?
Servicing considerations
Legal considerations
Alternatives when selling or marketing a portfolio
WORKSHOP SPONSOR
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| 1500-1700 | TRACK A / FORUM 2 | TRACK B / FORUM 2 | |
This forum provides an in-depth inventory of all tools available to enhance operations, reduce risk and minimize costs that are essential to mortgage lending operations throughout the entire value chain. Whether a lender is looking to shorten the time to process applications, gain predictive accuracy on the performance of loans or locate cutting-edge systems that allow for efficient operations and processing of collections, this session addresses how lenders can gain the competitive edge. Specific topics include:
GETTING GROUNDED: FOUNDATIONS FOR PROPERTY & SECONDARY MARKETS
Title insurance products and services to facilitate mortgage market expansion and securitization.
Regulatory and data standards for improved efficiency in collateral assessment and title underwriting.
Key drivers of the changing nature of property collateral valuation, pricing and distribution
Automated property valuations (APVs) using automated valuation models (AVMs) in appraisal, quality control and portfolio monitoring
Straight-through processing delivery mechanisms for credit, appraisal and title products and services.
WEB-BASED TRANSACTION PROCESSING AND AUTOMATED DECISIONING
Moving data capture and credit decisioning closer to the point of sale
Automated Underwriting, Credit Scoring and Behavioural models
Integrating new Web-based tools with legacy systems to speed processing and lower costs
Straight-through-processing: from the Web to the back office, and from the back office to the secondary market
Investor reporting modules
IT architectures as the foundation for structuring covered bonds and MBS
PORTFOLIO MANAGEMENT TOOLS
Web-based credit risk management tools for middle market credit analysis
Building internal rating systems to analyze your credit and counterparty risk exposures
Credit enhancement products and analytics for managing credit risk
Tools for managing credit risk and operations risk under Basel II
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Outside of securitization and the whims of the capital markets, funding has not kept abreast with the pace of change. Warehouse financing is common-place with non-deposit taking lenders in the UK and the Netherlands, particularly in the context as a precursor to a capital markets transaction. This forum examines the concepts behind warehouse financing as a precursor instead to the rapidly expanding "whole loan sale" or "portfolio trading" market. It also examines in detail the advantages of whole loan sales as a means of asset disposition and why it is an increasingly popular means for all lenders, large and small, to diversify funding.
WAREHOUSE FINANCING
The mechanics of a warehouse facility
Why use a warehouse facility?
Is it not just a basic form of securitization?
Are the assets on or off balance sheet?
Mortgage lending as a manufacturing industry
WHOLE LOAN SALE MARKET
Why buy mortgage assets?
Why sell mortgage assets?
Different structures
Due diligence
How does the whole loan sale market interact with a capital markets programme?
Will there be a pan-European mortgage trading exchange?
CREATING A LENDER ON A SHOE-STRING
Intermediaries as mortgage lenders
Using warehouse financing to secure distribution
WORKSHOP SPONSOR
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| 1900~ | GALA DINNER AND CONCERT: Open to all delegates registered for the main conference, the Gala Dinner will be held at Tipi das Zelt, a series of tents located in the middle of Tiergarten park, next to the Chancellor's Office. This unique venue normally hosts renowned national and international artists for cabarets, theater and musical revues. For EuroCatalyst participants, the evening opens with cocktails and dinner, hosted by EuroCatalyst and the Verband deutscher Hypothekenbanken. It kicks into high gear with a private performance by international jazz vocalist Stacey Kent. |
| | | © 2004 EuroCatalyst BV |
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