Purchase the Training Pack ($299.00)
to get the recording, transcript, and presentation materials for this webinar in a single download. Please allow up to 30 days after the webinar for the Training Pack to be available.
Global convertible security issuance has surged in the wake of the COVID-19 outbreak as companies rush to raise cash to see them through the economic impact. This has resulted in an increase in demand for fair valuation requirement for convertible instruments. However, determination of fair value of convertible instruments can be a challenging task. Multiple provisions and attributes of the underlying security need to be considered and modeled. Join Mark Zyla, Rajesh C. Khairajani, and Faisal Lakhani for a discussion about the convertible securities market in the context of the current economic environment, along with practical demonstrations of the use of Black-Scholes-Morton, binomial lattice, and Monte Carlo models as they apply to convertible debt instrument valuation. See examples of both for initial calibration at the transaction date and for fair value measurements of subsequent period(s). Valuation practitioners, accountants, investors, and attorneys will gain technical expertise as well as current perspective on market conditions from this must-attend webinar.
Program Agenda
Overview of convertible debt instruments
Types of instruments commonly issued
Overview of convertible debt instruments market
Financial reporting fair value considerations
Overview of recent valuation guidance
Overview and rationale of commonly used valuation methodologies (DCF/BSM/binomial/Monte Carlo)
Case Study 1: Valuation of simple convertible instrument
Methodology: BSM and DCF
Steps (initial calibration and subsequent measurement)
Practical illustration
Case Study 2: Valuation of simple convertible instrument
Methodology: binomial model
Steps (initial calibration and subsequent measurement)
Practical illustration
Case Study 3: Valuation of detachable warrants
Methodology: Monte Carlo simulation for full ratchet down round
Practical illustration
Learning Objectives
Define and identify convertible debt instruments
Describe different features of convertible debt instruments
Understand the valuation methodologies for convertible debt instruments
Perform the valuation of convertible debt instruments (ideally)
BVR's Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many
times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.
Delivered as an electronic download approximately four weeks after the program has aired, each Training Pack includes:
Recordings and transcripts of the presentation
All presentation visual aids and handouts
All ancillary reading materials suggested by our presenters
If you are ordering a Training Pack after the four week window, the download link will be sent to you immediately via email. Please
check your spam folder and add customerservice@bvresources.com to your “safe list”
to ensure you receive your Training Pack.
Business Valuation Resources offers a 100% money-back guarantee on our training services. If you are not completely satisfied
with your experience, or have any feedback, please contact Business Valuation Resources at 1-503-479-8200 or
customerservice@bvresources.com.
