PROFESSIONAL DEVELOPMENT PROGRAMME PDP. Corporate Credit Analysis ADVANCED SEMINAR. CAPITAL Intelligence November 2016 / Beirut-Lebanon

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1 Corporate Credit Analysis Ci ADVANCED SEMINAR CAPITAL November 2016 / Beirut-Lebanon PROFESSIONAL DEVELOPMENT PROGRAMME PDP C I R AT I N G S E S T Capital Ratings.All rights reserved.

2 Corporate Credit Analysis Seminar CIR-02 C i CAPITAL Seminar Overview The 2-day Corporate Analysis Seminar from Capital Ratings (CI Ratings) Professional Development Programme (PDP) will provide participants with a set of advanced analytical skills and techniques, based on CI s industry-proven processes and methodologies. This seminar is structured around presentations on key topics by skilled industry professionals, combined with a series of case studies/ workshops intended to offer participants the opportunity to put the skills acquired into practice. Target Audience The seminar is designed to have wideranging appeal across Bank departments, with particular relevance to: Counterparty Risk Analysts Financial Analysts Risk Management Officers Credit and Internal Ratings Analysts Credit Officers Investment Analysts and Participants who have attended and completed the Bank Counterparty Risk Analysis & Credit Ratings Seminar offered by CI Ratings The seminar will be valuable to non-bank and corporate managers as it would allow them to better understand the way banks look upon a loan proposal as well as prepare more efficiently their loan request. Attend Seminar To... Learn about the credit rating methodology employed by CI Ratings Gain an understanding of rating techniques Develop the skills required for Corporate Counter-Party Risk Analysis & Ratings Analyze the Creditworthiness of corporates Better understand the characteristics of the different corporate sectors, particularly when these are located in Emerging Markets Become better acquainted with the particular relationships between financial institutions and corporates Benefit from practical experience gained by participating in case studies Seminar Fees USD 1,000 per person and includes: Course documentation and meals and refreshments during the Seminar Register Early bird discount of 20% applies for registration and payment by 31st October 2016 Corporate Profile CI Ratings has been providing credit analysis and ratings since 1982, and currently rates over 300 banks, corporates, financial instruments (bonds & sukuk) and sovereigns based in 37 countries. A specialist in emerging markets, CI s geographical coverage includes the Middle East & North Africa (MENA) region, central and south-eastern Europe, the Asia / Pacific region and South Africa. EU Registered Ratings Agency CI Ratings is registered as a Credit Rating Agency in accordance with European Union regulations and is also recognised as an External Credit Assessment Institution in the European Union. CI s methodologies, policies, and governance conform to European Union regulatory standards and our rating activities are supervised by the European Securities and Markets Authority (ESMA). Oasis Complex, Gladstone Street P.O.Box Limassol 3303-Cyprus marketing@ciratings.com

3 Seminar Agenda CIR November 2016, Beirut - Lebanon C i CAPITAL DAY 1 DAY 2 Introduction to Credit Ratings Explanation of what ratings are and are not, the rating process and key factors driving ratings. The Significance of Credit Ratings Rating scales, mapping and the benefits of ratings in the banking and corporate sectors and across the financial marketplace. The Credit Rating Process Presentation of the key elements of the rating process, including information requirements, detailed preparation for due diligence and management meetings, rating committee presentation, the surveillance process and rating changes. Qualitative Aspects of the Corporate Credit Rating Process (includes Case Study) Examination of the qualitative analytical factors, including strategy, management, organisation, diversification factors. Management Evaluation Checklist Presentation of a structured checklist to assist in the assessment of management strategy, performance and controls. Quantitative Aspects of the Corporate Credit Rating Process (includes Case Study) Examination of the quantitative analytical factors, including the assessment of profitability, capital structure and leverage, asset protection and valuation, off-balance sheet financing, cash flow and financial flexibility, and the interpretation of financials, key ratios and indicators. Other Corporate Finance Methodologies Comparative risk factors by sector, financial indicators by rating category and key financials/ indicators. Credit Characteristics of Lebanese Corporates Address the types of Lebanese corporates, risk characteristics and risk profiles, family ownership considerations. Case Study: Preparation for Simulated Rating/ Credit Committee Practical demonstration of typical rating/credit committee meetings and deliberations. Corporate Governance Key elements of corporate governance, including ownership, controls, policies, disclosure and financial transparency. Oasis Complex, Gladstone Street P.O.Box Limassol 3303-Cyprus marketing@ciratings.com

4 Seminar Leadership Profiles CIR-02 C i CAPITAL Mr. Nicolas Photiades Director, Business Development Capital Ratings, Cyprus Nicolas Photiades has over 25 years of experience in investing, investment banking and credit research. Nicolas was head of investment banking at one of Lebanon s leading banks and CEO of the bank s investment banking subsidiary in Saudi Arabia. He also held the position of Chief Investment Officer for a private equity fund, which was a joint venture between BLOM Bank and GEM, a New-York based private equity firm. Nicolas also held the CEO position for a Lebanese investment bank and brokerage house. At a global level, Nicolas held senior investment banking positions and risk management positions at Hambros Bank and Lehman Brothers, where he was a credit analyst for European and Middle Eastern corporates and financial institutions. He also worked at Nomura, Schroders and Barclays Capital. At Nomura he was in charge of the French privatization program and for covering the French primary bond and equity capital markets. At Schroders he worked as a senior investment banker in MENA mergers and acquisitions. At Barclays Capital, Nicolas was responsible for financial institution ratings and debt advisory in Europe, South East Asia and the MENA region. He was a senior vice president at Thomson Bankwatch, a US SEC recognized rating agency (now part of the Fitch Group), where he was responsible for rating financial institutions in the MENA region. Fluent in four languages, Nicolas is a holder of a BA in Economics from the American University of Beirut and an MA in Finance and Investment from the University of Exeter in the United Kingdom. He is the author of various articles and research, published in local and regional specialized reviews and periodicals. Dr. Ghassan Chammas Director, Business Development (Islamic Finance) Capital Ratings, Cyprus Ghassan is an Islamic finance proponent and financial engineer with wide experience on the regulatory as well as the banking fronts. He advised the Central Bank of Lebanon on Islamic financial affairs and the boards of several Islamic banks on product innovation and corporate governance, as well as on risk management. Ghassan is a graduate of Rotterdam School of Management with a PhD degree in Finance. He holds a Masters degree in Finance from Ecole Supérieure de Commerce de Paris (ESCP-EAP), France, A Masters degree in International Finance and Treasury from Ecole Supérieure des Affaires (ESA) Beirut, Lebanon, a Masters degree in International Marketing from EAFIT University, Colombia and an Electrical Engineering degree from the American University of Beirut, Lebanon. Ghassan is a lecturer in Islamic finance in various universities and institutions across the world including Lebanon, France, UK, USA, Kuwait, UAE, Sultanate of Oman, Curacao and Argentina. He is widely published in specialized magazines and reviews in several languages. He publishes on concentration measures in Islamic investment portfolios, diversification measures in Islamic investment and on filtering and depuration methodologies in Islamic investment universe, among other subjects. Oasis Complex, Gladstone Street P.O.Box Limassol 3303-Cyprus marketing@ciratings.com

5 PDP - Seminars & Worksops 2017 C i CAPITAL CI Ratings Professional Development Programme is a tailored selection of workshops and seminars addressing the most relevant financial topics facing professionals working in Banks, Insurance, Corporates and other Financial Institutions. The workshops and seminars are aimed at Analysts, Market Specialist, and other Finance professionals who wish to gain knowledge and insight from CI s veteran Analysts and Professionals working with diverse finanical institutions everyday. Professional Development Programme (PDP) list of seminars and workshops currently offered: Advanced Bank Credit Analysis Seminar Advanced Corporate Credit Analysis Workshop Credit Analysis for Credit Relationship Officers Introduction to Islamic Finance & Banking Islamic Financing and Placements Instruments Sukuk I: Theory and Practice of Islamic Fixed Income Sukuk II: Islamic Fixed Income Markets; Outlook on 2017 Sukuk Issuance & Footprint in the World SUKUK: A complete Seminar on Sukuk Islamic Investment: Islamic Funds and Sharia Compliance Screening Methodologies Risk Management & Hedging in Islamic Financial Institutions Islamic Finance Outlook report 2017 CI Ratings workshops and seminars are held regularly in selected locations throughout CI s market coverage area. Please consult our website for upcoming scheduled workshops and seminars. CI Ratings can hold on-site training for organizations upon request, please contact PDP CI RATINGS E S T Call for On-Site Customized Training Register Online - Early Bird Discount 20% Oasis Complex, Gladstone Street P.O.Box Limassol 3303-Cyprus marketing@ciratings.com

6 Head Office - Cyprus OASIS COMPLEX, BLOCK E, 1ST FLOOR GLADSTONE STREET P.O.BOX LIMASSOL 3303-CYPRUS TEL: FAX: MARKETING@CIRATINGS.COM Hong Kong the centre mark, suite 1503 no queen s road central tel: fax: Frankfurt - Germany MAINZER LANDSTRABE 41 FRANKFURT AM MAIN D tel: fax: Capital Ratings.All rights reserved.

7 Corporate Credit Analysis Seminar Date / Location: 14 th and 15 th November 2016 (2 days) in Beirut, Lebanon Name of Participant REGISTRATION FORM (Mr/Ms/Mrs) First Name Middle Name Last name Company Position Department Telephone Fax Address Sponsor We wish to register the delegate for the course indicated above. We undertake to pay their fees and release them from all company responsibilities for the period of the Seminar - Workshop. Signature & Stamp Date Seminar fee = USD 1,000 per person and includes: Course documentation, meals and refreshments during the Seminar in Beirut Discounts A discount of 5% applies for a group of 3-4 delegates from the same bank / company A discount of 10% applies for a group of 5 delegates from the same bank / company A discount of 20% applies for registration and payment received by 31 st October 2016 Method of Payment Please invoice my company Payment must be received 4 weeks before the Seminar dates to guarantee your place General Information Dietary needs: Delegates with special dietary needs or medical requirements are requested to provide information on a separate sheet when returning their application form. Postponement Policy: If, and within 30 working days prior to the Seminar date, a delegate would like to postpone his/her attendance then he/she may attend the next scheduled Seminar. However, this will involve an additional fee of 50% of the standard Seminar fee. Capital Ratings Ltd., Oasis Complex, Block E, Gladstone Street, P.O. Box 53585, CY 3303 Limassol, Cyprus, Telephone: , Facsimile: marketing@ciratings.com. Web site:

8 Cancellation Policy: Cancellations are to be notified to Capital in writing at least 30 days prior to the scheduled date of the Seminar Workshop and will be subject to a 10% cancellation fee. No refund will be given to non attendance or to cancellation notices received less than 30 days prior to the scheduled date of the Seminar - Workshop. However, substitutions can be made at any time at no additional cost. Cancellation Liability: Capital reserves the right to change the program, speakers, content, and venue or to cancel the Seminar - Workshop if enrolment criteria are not met. Should the Seminar - Workshop be cancelled, Capital s liability will be limited to only the registration fee. Capital Ratings Ltd., Oasis Complex, Block E, Gladstone Street, P.O. Box 53585, CY 3303 Limassol, Cyprus, Telephone: , Facsimile: marketing@ciratings.com. Web site: