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Additional Credit Monitor Training:
Credit Monitor/Public Firm EDF Training - Online Tutorials
Credit Monitor/Public Firm EDF Training - Classroom
Credit Monitor/Public Firm EDF Training - Client-Site Customized |
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Overview
This 2-hour online training session via WebEx provides a practical understanding of the public firm EDF methodology and its application using Credit Monitor. Both the methodology behind the public EDF model and its application are explained in an intuitive and engaging format, allowing the audience to ask questions on specific issues. Participants learn to use Credit Monitor to analyze default risk of public firms through interactive exercises.
Who Should Attend
This seminar is targeted to credit professionals who wish to better understand the Moody's KMV EDF model and its implementation in Credit Monitor, so that they can fully utilize it to analyze credit risk of public firms.
Objectives
On completion of the seminar, participants will:
- Understand the public firm EDF methodology and its implementation in Credit Monitor
- Understand the relationship between a public firm's capital structure, its market value of equity, and its market value of assets, and how it is used to calculate its probability of default.
- Know how to use Credit Monitor to understand the drivers behind a firm's default risk, compare a firm with other firms or peer groups, and do what-if and pro-forma analyses
Topics
- What is EDF? What causes a firm to default?
- EDF Drivers: Market Value of Assets, Asset Volatility, and Default Point
- Calculating Market Value of Assets: Equity as a Call Option on Assets
- Calculating Asset Volatility
- Calculating Default Point
- Combining EDF Drivers to calculate Distance-to-Default
- Empirically mapping Distance-to-Default to EDF
Materials
Registered participants will receive the training material in advance of the session.
There are currently no Credit Monitor/Public EDF online training sessions scheduled. If you are interested in requesting a private online session, please contact Risk Training at training@mkmv.com.
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