February 6-8, 2007
InterContinental Presidente, Mexico City, Mexico
TEXT AGENDA (as of 1-08-2007)
Confirmed Speakers And Participants Include

2 Executives, ABN AMRO BRAZIL
3 Executives, ABN AMRO BANK MEXICO
Treasurer, ACOSTA VERDE
2 Executives, AFORE XXI
3 Executives, AFORE AZTECA
AFORE BANCOMER
Investments Director, AFP CONFIA
3 Executives, AIG UNITED GUARANTY-MEXICO
Managing Director Emerging Markets, AMBAC
AMB PROPERTY CORPORATION
General Manager, AMSFOL
General Director, AMSOFAC
General Director, ARRENDADORA AGIL S.A. DE C.V.
Director of Administration and Finance, ARRENDADORA
JOHN DEERE S.A DE C.V
Chief Executive Officer, ASOCIACIÓN MEXICANA DE INSTITUCIONES DE SEGUROS A.C.
Country Manager, ATRADIUS INC
BANCO BBM S/A
BANCO BRADESCO
CEO, BANCO DAVIVIENDA
Manager of Fixed Income Securities, BANCO DE BOGOTA
Senior Investment Officer, BANCO DE VALORES
Deputy General Manager New York Branch, BANCO
DO BRAZIL
President, BANCO FICSA
BANCO ITAÚ BBA S.A.
2 Executives, BANK OF NEW YORK
Risks and Methods, BANOBRAS
3 Executives, BANORTE
3 Executives, BBVA BANCOMER
Finance Manager, BBVA BANCO CONTINENTAL
Partner, BCP SECURITIES
Managing Director, BEAR STEARNS
President, BRAZILIAN SECURITIES
General Director, CATERPILLAR
CENTRAL BANK OF MEXICO
3 Executives, CLEARY GOTTLIEB STEEN & HAMILTON LLP
4 Executives, CNBV
Financial Manager, COMPANHIA DE CONCESSOES RODOVIARIAS
Financial Director, COMPANIA DE TITULARIZACION
HIPOTECARIA
3 Executives, CONDESA FINANCIERA
CPP
Director-Latin America Debt Capital Markets,
CREDIT SUISSE
Partner, CREEL, GARCÍA-CUÉLLAR Y MÜGGENBURG
Vice President Syndication, CSI LATINA FINANCIAL
4 Executives, DARBY OVERSEAS INVESTMENTS
Partner, DEWEY BALLANTINE
General Director, DEXIA CREDITO LOCAL MEXICO
S.A. DE C.V
2 Executives, DOMINION BOND RATING SERVICE
ECCELERA
 EL CAMINO RESOURCES MEXICO SA DE CV
Chief Executive Officer, FICEN S.A. DE C.V.
Tax Partner, FINANCIAL SERVICES GROUP PWC BRAZIL
4 Executives, FINCASA HIPOTECARIA S.A. DE C.V
President, FINSA
3 Executives, FITCH RATINGS
2 Executives, FSA
GBM GRUPO BURSATIL MEXICANO SA DE CV
Structured Finance & Capital Markets, GE CAPITAL
SOLUTIONS MEXICO & LA
4 Executives, GENWORTH FINANCIAL
MORTGAGE INSURANCE
2 Executives, GICSA
Director, GMAC-RFC BRAZIL
2 Executives, GMAC RFC MEXICO
Structured Finance Director LAG, GMAC RFC LAG.

2 Executives, GOMEX FUNDING LLC
GRUPO BAL
Partner, GRUPO LACAN
GRUPO TMM
4 Executives, HBK INVESTMENTS
13 Executives, HIPOTECARIA VERTICE S.A. DE C.V.
Vice President Balance Sheet, HSBC
Partner, HUNTON & WILLIAMS
INBURSA
3 Executives, INGENIEROS CIVILES ASOCIADOS
3 Executives, INTER-AMERICAN DEVELOPMENT BANK
Integral Administration of Risks, INVERCAP
INVERSIONES ISSA
Senior Vice President-Default Management, IMPAC FUNDING CORPORATION
5 Executives, IXE CASA DE BOLSA
Managing Partner, KURI BRENA, SANCHEZ UGARTE,
COCUERA Y AZNAR S.C
LA LATINOAMERICANA SEGUROS S.A.
Managing Director, LASALLE INVESTMENT MANAGEMENT
2 Executives, MAPLES AND CALDER
Partner, MATTOS FILHO ADVOGADOS
Partner, MAYER BROWN ROWE & MAW LLP
MERRILL LYNCH
5 Executives, METLIFE
3 Executives, METROFINANCIERA
CEO, MEXICAN DERIVATIVES EXCHANGE
MIFEL
Vice President, MISSION CAPITAL ADVISORS
Analyst, MO ADVISORS S.C.
3 Executives, MOODYS INVESTORS SERVICE
Managing Director, MORGAN STANLEY
Partner, MSFI
General Director, MULTIVALORES ARRENDADORA
S.A DE C.V.
NACIONAL FINANCIERA S.N.C
Investment Banking Director, NACIONAL FINANCIERA
General Director, NR FINANCE MEXICO
2 Executives, PACCAR ARRENDADORA FINANCIERA
S.A DE C.V
PICAVAL PICHINCHA CASA DE VALORES S.A
2 Executives, PIMCO
CFO, PINFRA
Portfolio Manager, PRINCIPAL AFORE
3 Executives, PROFUTURO GNP
PROTEGO ASESORES
Vice President of Corporate Finance, PROTEGO CASA DE
BOLSA SA DE CV
7 Executives, PRUDENTIAL FINANCIAL SERVICES
President, RIO BRAVO SECURITIZADORA
SVP, SCOTIABANK
SCOTIA FONDOS
5 Executives, SOCIEDAD HIPOTECARIA FEDERAL
3 Executives, STANDARD & POOR’S
Vice President-Latin America Primary Markets, STANDARD
NEW YORK SECURITIES
STRUCTURED CREDIT INTERNATIONAL CORP.
3 Executives, SU CASITA
Director, TECHNOVAL
3 Executives, THACHER PROFFITT & WOOD LLP
2 Executives, THOMPSON & KNIGHT
TITILARIZADORA COLOMBIANA
2 Executives, TMF STRUCTURED FINANCE SERVICES
2 Executives, TRUST COMPANY OF THE WEST
UQBAR EDUCACAO E INFORMACAO FINANCEIRA
AVANCADA
Chief Financial Officer, URBI DESARROLLOS URBANOS
VALORES MEXICANOS CASA DE BOLSA S.A DE C.V
Head of Latin America Strategy, WESTLB
Financial Specialist Latin American Financial Sector
Development, THE WORLD BANK

TUESDAY, February 6, 2007

1:00pm

Co-Chairpersons’ Welcoming Remarks
Senior Managing Director Latin America, GMAC RFC MEXICO
Senior Investment Officer, INTER-AMERICAN DEVELOPMENT BANK

1:15

Introduction to Latin American Asset Backed Securities.
• What can be securitized in the Latin American Markets?
• How do the Latin American Markets Compare with other markets?
• Market Growth Limitations
• Regional analysis of Latin American ABS markets.
• Latin American Securitization: How Far Can it Go?

Moderator:
Vice President-Latin America Primary Markets, STANDARD NEW YORK SECURITIES

Panelists:
Partner, DEWEY BALLANTINE
Managing Director, UQBAR EDUCACAO E INFORMACAO FINANCEIRA AVANCADA
Manager of Fixed Income Securities, BANCO DE VALORES
Associate Director Latin American Structured Finance, STANDARD & POOR’S

2:00

What Factors Affect the Future of Latin American Securitization?
• Securitization is a promising funding alternative in LA and has developed a growing demand among issuers
• and investors.
• Words like translation, adaptation, modification, and even tropicalization of securitization practices are and will be
• needed for this market to evolve to its foreseen levels.
• Local practices and regulations have to be adapted, and sometimes incorporated, for securitization to bring to a
• comfort level to investors in a global scale.
• Behavioural information is being compiled, and as this progress more traction will be attained.

Moderator:
Senior Managing Director Latin America, GMAC RFC MEXICO

Panelists:
Director General Adjunto de Estrategia Institucional y Desarrollo de Mercados, SOCIEDAD HIPOTECARIA FEDERAL
Finance Director, HIPOTECARIA SU CASITA, S.A. DE C.V
Director, FITCH RATINGS
SVP Business Development & Sales, GENWORTH FINANCIAL MORTGAGE INSURANCE
CEO, CONDESA FINANCIERA

3:00

Refreshment Break

3:15

Trends and Innovations in Latin American Mortgage Securitization
• Asset Backed Construction Finance
• Guaranteed Trust Secured Notes
• Local Currency Global Deals
• Synthetic Securitization
• Balance Sheet Options

Speaker:
Managing Director, BEAR STEARNS

3:40

Latin American Financing: Foreign Investments vs Local Investors

Moderator:
Director, GMAC-RFC BRAZIL

Panelists:
President, BRAZILIAN SECURITIES
President, RIO BRAVO SECURITIZADORA
Senior Vice President of Mortgage Business and Credit Cards, ABN AMRO BRAZIL

4:20

Overview: Banks in Latin America

Moderator:
BBVA BANCOMER

Panelist:
Vice President Mortgages & Real Estate Business, ABN AMRO BRAZIL
President, BANCO FICSA

5:00

Taxation Environment: Regional Analysis.

Moderator:

Panelists:
Vice President, CNBV
Partner, THOMPSON & KNIGHT
Tax Partner, FINANCIAL SERVICES GROUP PWC BRAZIL

5:45

Financing Options for Home Developers

Moderator:
Managing Partner, THACHER PROFFITT & WOOD S.C

Panelists:

6:15

Sessions Conclude
6:15 Cocktail Reception

WEDNESDAY, February 7, 2007

7:45am

Breakfast

8:15

Co-Chairpersons’ Welcoming Remarks
Senior Investment Officer, INTER-AMERICAN DEVELOPMENT BANK
Senior Managing Director Latin America, GMAC RFC MEXICO

8:30

Latin America's Economic Status: Investment Criteria for 2007

Moderator:

Panelists:
Partner, GRUPO LACAN
Chief Economist, DOMINION BOND RATING SERVICE
Partner, BCP SECURITIES

9:15

Regional Mortgage Securitization in Latin America: Colombia, Costa Rica, Panama

Moderator:
STRUCTURED CREDIT INTERNATIONAL CORP.

Panelists:
CEO, BANCO DAVIVIENDA
Head of Fixed Income securities, BANCO DE BOGOTA
Senior Investment Officer, INTER-AMERICAN DEVELOPMENT BANK
TITILARIZADORA COLOMBIANA

10:15

Regional Mortgage Securitization in Latin America: Brasil, Perú, Ecuador and Chile

Moderator:
Senior Investment Officer, INTER-AMERICAN DEVELOPMENT BANK

Panelists:
BBVA BANCO CONTINENTAL
Financial Director, COMPANIA DE TITULARIZACION HIPOTECARIA

11:00

Refreshment Break

11:15

Securitization of Mexican Mortgages
• Origination, Performance and Servicing of Residential Real Estate Assets in Mexico
• The importance of analyzing: Default rates, recovery rates, pre-payment rates, servicing capabilities.
• Methodologies for Conducting Performance Analysis
• How The Underlying Asset Performance will Impact the Overall Rating
• Structural/Underwriting Considerations and Challenges for RMBS Deals
• Credit Enhancement: Wrapped Vs. Partial Guarantees

Moderator:
Structured Finance Director, GMAC-RFC LAG

Panelists:
Chief Financial Officer, SOCIEDAD HIPOTECARIA FEDERAL
Director-Latin America Debt Capital Markets, CREDIT SUISSE
Sub-Director Finansas Corporativas, SU CASITA
Senior Director International Structure Finance, FITCH RATINGS

12:15pm

Mortgage Insurance: The Missing Link Between The Primary and Secondary Market.
Great Benefits are expected to the housing and RMBS markets with the appearance of Mortgage Insurance in Mexico. Panelists will discuss the positive impact mortgage insurance has had and might have on Mexico's mortgage sector, while drawing real case studies where Mortgage Insurance served to add value to the RMBS transactions in Mexico.

Moderator:
CEO, GENWORTH FINANCIAL MORTGAGE INSURANCE

Panelists:
Vice President, HIPOTECARIA SU CASITA
CEO, METROFINANCIERA
SVP, SCOTIABANK
Assistant Vice President, MOODYS INVESTORS SERVICE
Director of Latin American Structured Finance, STANDARD & POOR’S

1:15

Lunch

2:00

The Credit Enhancement Spectrum: Improving the Quality of Credit

Moderator:
Director Business Development, AIG UNITED GUARANTY-MEXICO

Panelist:
Vice President-Latin America Primary Markets, STANDARD NEW YORK SECURITIES
Managing Director Emerging Markets, AMBAC
Partner, CREEL, GARCÍA-CUÉLLAR Y MÜGGENBURG
Managing Director Latin America, FSA
2:45 Government Agencies in Credit Enhancement: How Valuable Are They?
3:15 Refreshment Break
3:30 Investor Roundtable
• Quality and Reliability of Data
• Investor Reporting Standards
• Investor’s outlook on Latin American Securities.

Moderator:
Senior Investment Officer, INTER-AMERICAN DEVELOPMENT BANK

Panelists:
Associate Director, METLIFE
Senior Vice President, TRUST COMPANY OF THE WEST
4:15 Asset Backed Securities in Brazil

Moderator:
Partner, GRUPO LACAN

Panelists:
Partner, MSFI
5:00 Cross-Border Securitization: The True Value

Moderator:
Partner, HUNTON & WILLIAMS

Panelists:
5:30 The European, US and Asian Role in Latin American Securitization

Moderator:
Partner, CLEARY GOTTLIEB

6:15 Sessions Conclude
6:15 Cocktail Reception

THURSDAY, February 8, 2007

7:45am

Breakfast

8:15

Co-Chairpersons’ Welcoming Remarks
Senior Investment Officer, INTER-AMERICAN DEVELOPMENT BANK

9:00

Financing Projects Across New Borders

Moderator:
Senior Vice President, MOODYS

9:45

Review of Legal and Regulatory Changes: Regional Analysis

Moderator:

Panelists:
Partner, MATTOS FILHO ADVOGADOS
Managing Partner, KURI BREÑA, SÁNCHEZ UGARTE, CORCUERA Y AZNAR, S.C

10:15

The Rating Agencies Outlook on Latin American Securitization

Moderator:

Panelists:
Director, FITCH RATINGS
Rating Specialist, STANDARD & POOR’S

11:00

Refreshment Break

11:15

Performance of Securitized Loans
• Loss Severity
• Prevention of Fraud Loans
• Deal performance

Moderator:
Senior Vice President-Default Management, IMPAC FUNDING CORPORATION

Panelists:

12:00pm

The Use of Derivatives in Securitizations

Moderator:
CEO, MEXICAN DERIVATIVES EXCHANGE

Panelists:
Risk Analysis and Special Projects Manager, CENTRAL BANK OF MEXICO

12:45

Lunch
2:00 Issuer Roundtable
2:45

Latin America: The Public and Private Sector
3:30 Sessions Conclude
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