Learn Securitisation

Practical Securitisation in India

Build an RBI-Compliant Securitisation Deal in Excel (6-Week Practitioner Program)

Securitisation is one of the most powerful but least clearly taught areas in Indian finance.

Most professionals understand it conceptually. Very few can actually build a deal, model the cashflows, and explain the risks in a way that stands up in front of an IC, lender, or investor.

This course is designed to close that gap.


What this course is about

This is a hands-on, practitioner-focused securitisation program where you will learn how to:

  • understand how securitisation works in the Indian context

  • interpret RBI’s Securitisation of Standard Assets (SSA) Directions practically

  • build a securitisation pool from loan-level data

  • structure credit enhancement and tranching

  • create a full cashflow waterfall model in Excel

  • analyse securitisation from both investor and originator perspectives

By the end of 6 weeks, you won’t just “know” securitisation.
You’ll be able to model it and talk about it with confidence.


Who this course is for

This course is suitable for:

  • NBFC, bank, and fintech professionals (risk, credit, treasury, analytics)

  • Professionals working with securitisation, DA, or structured finance

  • Credit fund, investment, or portfolio analytics professionals

  • CA, CFA, FRM candidates looking for applied exposure

  • Founders or senior managers who want to understand securitisation beyond jargon

This course is not meant for:

  • complete beginners to finance

  • people looking for a purely theoretical overview

  • those expecting rating-agency proprietary models or legal drafting

Basic comfort with Excel and finance concepts is expected.


What makes this course different

Most securitisation content fails in one of two ways:

  • it is overly legal and theoretical, or

  • it is too shallow to be practically useful

This course is different because:

  • it is model-driven, not slide-driven

  • it focuses on one clean, end-to-end deal

  • every concept is tied back to cashflows and risk

  • RBI regulations are explained only to the extent they impact structuring and modelling

  • the Excel model is built and understood, not just shared


Course format and duration

  • Duration: 6 weeks

  • Live sessions: 2 sessions per week

  • Session length: 2 hours each

  • Total live training: 24 hours

  • Mode: Live online (Zoom)

  • Batch size: Limited (to allow interaction)

Each week includes:

  • live conceptual explanation

  • Excel walkthroughs

  • applied examples

  • light homework (mainly Excel practice)


Asset class covered

The primary case study will be based on a standard unsecured loan pool (such as Personal Loans or MSME Term Loans).

This is intentional.

It keeps the focus on:

  • cashflow mechanics

  • credit enhancement

  • risk allocation

  • RBI compliance

Complex legal or recovery issues are deliberately avoided in the core model.


Detailed course curriculum

Week 1 – Securitisation fundamentals and RBI framework

  • Why Banks/NBFCs securitise: liquidity, ALM, capital, growth

  • Parties involved and their roles

  • Cashflow movement from borrower to investor

  • Direct Assignment vs Securitisation

  • Overview of RBI SSA Directions

  • Eligible assets and pool conditions

  • Minimum Holding Period (MHP) explained with timelines

  • Minimum Retention Requirement (MRR): what must be retained and why


Week 2 – Pool construction and risk assumptions

  • Understanding loan-level data tapes

  • Pool cut date and static pool concept

  • Pool stratification and concentration analysis

  • Key pool metrics: WAC, WAL, seasoning

  • Defaults, prepayments, recoveries

  • Loss timing vs loss quantum

  • Building base-case assumptions


Week 3 – Structuring and credit enhancement

  • What credit enhancement really protects

  • Subordination, excess spread, reserve funds

  • Tranching logic and payout priorities

  • Sequential vs pro-rata structures

  • How losses are absorbed across tranches

  • Practical view of rating-style stress thinking (conceptual)


Week 4 – Excel model: pool cashflows and waterfall

  • Building pool-level cashflows in Excel

  • Scheduled interest and principal

  • Prepayment modelling

  • Default and recovery modelling with lag

  • Monthly cash available for distribution

  • Implementing a basic securitisation waterfall

  • Tracking tranche balances over time


Week 6 – Deal readiness and capstone

  • Stress testing: what breaks a deal

  • Impact of worse loss timing and lower recoveries

  • Servicer risk and structural mitigants

  • How deals are presented to ICs and lenders

  • Key questions asked in real securitisation discussions

  • Capstone walkthrough: explaining your deal end-to-end

  • Common mistakes seen in live transactions


What you will be able to do after the course

After completing this program, you should be able to:

  • understand securitisation structures used by Indian NBFCs

  • assess whether a loan pool is securitisation-ready

  • explain MHP and MRR requirements confidently

  • build and modify a securitisation waterfall in Excel

  • evaluate securitisation from both investor and originator viewpoints

  • participate meaningfully in securitisation discussions at work


Deliverables

  • Full Excel securitisation model (used throughout the course)

  • Class recordings (limited-time access)

  • Practical notes and reference material

  • Certificate of completion


Certification

Participants who attend the sessions and complete the course requirements will receive a Certificate of Completion for:

“Practical Securitisation in India – Practitioner Program”

This certificate reflects applied training, not just attendance.


Course fee

Program Fee: ₹24,999

Early / Launch Price: ₹19,999 (limited seats)

The fee includes:

  • 24 hours of live training

  • Excel model and materials

  • recordings and post-session access

EMI and corporate invoicing options may be available.


Important notes

  • This is a practitioner course, not a legal or accounting certification

  • Rating-agency proprietary methodologies are not taught

  • The focus is on understanding, modelling, and application

  • Batch size is limited to maintain quality


How to enroll

Enrollment details, dates, and registration links will be shared soon.

If you want to be notified when registrations open, follow the blog or subscribe for updates.


Frequently Asked Questions (FAQ)

1. Is this course theoretical or practical?

This course is practical and model-driven.

Concepts are explained only to the extent required to build and understand a securitisation deal. A full Excel cashflow and waterfall model is used throughout the course.

If you are looking for a purely conceptual or legal overview, this course may not be the right fit.

2. Do I need prior experience in securitisation?

No prior securitisation experience is required.

However, this is not a beginner finance course. You should be comfortable with:

  • basic lending concepts

  • interest, principal, and cashflows

  • Excel at a working-professional level

The course starts from first principles and builds up gradually.

3. Which RBI regulations are covered?

The course is aligned with RBI’s Securitisation of Standard Assets (SSA) Directions.

We focus on:

  • eligibility of assets

  • Minimum Holding Period (MHP)

  • Minimum Retention Requirement (MRR)

  • practical compliance considerations

Regulations are explained from a deal-structuring and modelling perspective, not as legal text.

4. Will legal documentation or rating agency models be taught?

No.

This course does not cover:

  • legal drafting or trust deed documentation

  • proprietary rating-agency methodologies

The focus is on economic structure, cashflows, and risk, which are common across deals.

5. Which asset class is used in the course?

The primary case study is based on a standard unsecured loan pool (such as Personal Loans or MSME Term Loans).

This keeps the learning focused on:

  • pool behaviour

  • credit enhancement

  • waterfall mechanics

  • RBI compliance

Advanced or secured asset classes may be discussed conceptually but are not modelled in depth.

6. Will we build the Excel model ourselves?

The core Excel model will be built and explained step by step during the sessions.

You will:

  • understand how each part of the model works

  • modify assumptions

  • run sensitivities and stress scenarios

The objective is understanding and confidence, not just receiving a ready-made file.

7. Will recordings be available?

Yes.

Session recordings will be shared with participants for limited-time access in case you miss a session or want to revise specific topics.

Live participation is strongly recommended for maximum benefit.

8. How much time is required outside live sessions?

You should plan for 1–1.5 hours per week outside the live sessions.

This will mainly involve:

  • Excel practice

  • changing assumptions

  • reviewing outputs

There are no heavy assignments or exams.

9. Will this course help in my job or interviews?

Yes, if your role or target role involves:

  • NBFCs or banks

  • credit, risk, treasury, or analytics

  • securitisation, DA, or structured finance exposure

The course helps you understand and explain securitisation practically, which is often tested informally in interviews and internal discussions.

10. Is this suitable for students or freshers?

This course is primarily designed for working professionals.

Motivated final-year students or recent graduates with strong finance and Excel skills may benefit, but the pace and examples assume professional context.

11. Will I receive a certificate?

Yes.

Participants who complete the course will receive a Certificate of Completion for:

“Practical Securitisation in India – Practitioner Program”

This certificate reflects applied learning, not just attendance.

12. Is GST applicable on the course fee?

Yes, GST will be applicable as per prevailing laws.

If you require a GST invoice for input credit, details will be shared during registration.

13. Are refunds available?

Because this is a live, limited-seat program, refund terms will be clearly communicated at the time of registration.

Please review the refund policy carefully before enrolling.

14. Can my company sponsor this course?

Yes.

Corporate sponsorship and invoicing options are available.
Please reach out separately for details.

15. What if I am unsure whether this course is right for me?

If you are unsure, you may consider starting with the 2-Day Securitisation Bootcamp, which provides a fast, practical introduction.

Details of the bootcamp will be shared separately.

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