Introduction to securitization
- ISBN: 9780470371909
- Editorial: John Wiley & Sons Limited
- Fecha de la edición: 2008
- Lugar de la edición: Hoboken. Estados Unidos de Norteamérica
- Encuadernación: Cartoné
- Medidas: 23 cm
- Nº Pág.: 366
- Idiomas: Inglés
Introduction to Securitization outlines the basics of securitization, addressing applications for this technology to mortgages, collateralized debt obligations, future flows, credit cards, and auto loans. The authors present a comprehensive overview of the topic based on the experience they have gathered through years of interaction with practitioners and graduate students around the world. The authors offer coverage of such key topics as: structuring agency MBS deals and nonagency deals, credit enhancements and sizing, using interest rate derivatives in securitization transactions, asset classes securitized, operational risk factors, implications for financial markets, and applying securitization technology to CDOs. Finally, in the appendices, the authors provide an essential introduction to credit derivatives, an explanation of the methodology for the valuation of MBS/ABS, and the estimation of interest rate risk. ÍNDICE: Part One. Background. Chapter 1. Introduction. Chapter 2. Issuer Motivation for Securitizing Assets and the Goals of Structuring. Part Two. Structuring ABS Transactions. Chapter 3. Structuring Agency MBS Deals. Chapter 4. Structuring Nonagency Deals. Chapter 5. Credit Enhancements. Chapter 6. Use of Interest rate Derivatives in Securitization Transactions. Chapter 7. Operational Issues in Securitization. Part Three. Review of ABS Collateral. Chapter 8. Collateral Classes in ABS: Retail Loans. Chapter 9. Asset-Backed Commercial Paper Conduits and Other Structured Vehicles. Chapter 10. Securitization of Future Cash Flows:Future Revenues, Operating Revenues, and Insurance Profits. Part Four. Collateralized Debt Obligations. Chapter 11. Introduction to Collateralized Debt Obligations. Chapter 12. Types of Collateralized Debt Obligations. Chapter 13. Structuring and Analysis of CDOs. Part Five. Implications for Financial Markets. Chapter 14. Benefits of Securitization to Financial Markets and Economies. Chapter 15. Concerns with Securitization#s Impac
