The Handbook of European Structured Financial Products
The Handbook of European Structured Financial Products

Author: Frank J. Fabozzi

Publisher: John Wiley & Sons

Published: 2004-02-19

Total Pages: 803

ISBN-13: 0471662070

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The first comprehensive account of the European structured financial products market This comprehensive survey of the securitization market in Europe covers all asset-backed securities (the major classes and some nonconventional asset classes that have been securitized), residential and commercial mortgage-backed securities, collateralized debt obligations, and more. Frank J. Fabozzi, PhD, CFA, CPA (New Hope, PA), is the Frederick Frank Adjunct Professor of Finance in the School of Management at Yale University. Prior to joining the Yale faculty, he was a Visiting Professor of Finance in the Sloan School at MIT. Moorad Choudhry (Surrey, UK) is a Vice President in Structured Finance Services with JPMorgan Chase Bank.

Europe's Hidden Capital Markets
Europe's Hidden Capital Markets

Author: Jean-Pierre Casey

Publisher: CEPS

Published: 2005

Total Pages: 142

ISBN-13: 9290795964

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Assessing regulatory measures taken at the EU level that impact European bond markets, this book examines the desirability, utility, and feasibility of certain policy measures.

Asset-Backed Securitization in Europe
Asset-Backed Securitization in Europe

Author: Theodor Baums

Publisher: Springer

Published: 1996-08-06

Total Pages: 298

ISBN-13:

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Asset securitization is a modern finance technique, originally developed in the USA and increasingly finding use in Europe. Asset Backed Securitization in Europe sets out the legal and regulatory framework and tax issues of asset securitization in Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Greece, Italy, The Netherlands, Norway, Spain, Sweden, and Switzerland. The book is unique in providing an in-depth coverage of the legislation in all European countries where asset securitization plays a role. As ABS transactions often have international aspects, The book will be a useful source of reference since it covers the most important jurisdictions in Europe.

Securitization in India
Securitization in India

Author: Jennifer Romero-Torres

Publisher: Asian Development Bank

Published: 2017-11-01

Total Pages: 130

ISBN-13: 9292579843

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India needs to spend close to Rs43 trillion (about $646 billion) on infrastructure through to 2022. Such a staggering requirement cannot be met though traditional sources such as public sector bank loans. India must immediately explore and quickly ramp up financing from alternative investment sources. This report provides an overview of infrastructure financing in India, sheds light on the challenges faced by the country's banking sector, suggests an optimal mechanism for securitizing the infrastructure assets of public sector banks, and outlines a range of scenarios and factors that must be in place for this mechanism to be successfully realized.

Securitization: Past, Present and Future
Securitization: Past, Present and Future

Author: Solomon Y Deku

Publisher: Palgrave Macmillan

Published: 2018-08-04

Total Pages: 0

ISBN-13: 9783319867861

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This book aims to explore if and how securitization changed financial intermediation and lending behaviour by reviewing the pre- and post-financial crisis theoretical and empirical literature. The book’s distinctive feature is bringing the growing post-crisis empirical evidence to the attention of a wider audience by critically appraising it against pre-crisis arguments. With its thought-provoking insights, this book is of particular interest for students, practitioners and academics.

Securitization and Credit Quality
Securitization and Credit Quality

Author: David Marques-Ibanez

Publisher: International Monetary Fund

Published: 2016-11-15

Total Pages: 41

ISBN-13: 1475554001

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Banks are usually better informed on the loans they originate than other financial intermediaries. As a result, securitized loans might be of lower credit quality than otherwise similar nonsecuritized loans. We assess the effect of securitization activity on loans’ relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated loan market. We find that, at issuance, banks do not seem to select and securitize loans of lower credit quality. Following securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control group. We find tentative evidence suggesting that poorer performance by securitized loans might be linked to banks’ reduced monitoring incentives.

Understanding the Securitization of Subprime Mortgage Credit
Understanding the Securitization of Subprime Mortgage Credit

Author: Adam B. Ashcraft

Publisher: DIANE Publishing

Published: 2010-03

Total Pages: 76

ISBN-13: 1437925146

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Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Discusses the ways that market participants work to minimize these frictions and speculate on how this process broke down. Continues with a complete picture of the subprime borrower and the subprime loan, discussing both predatory borrowing and predatory lending. Presents the key structural features of a typical subprime securitization, documents how rating agencies assign credit ratings to mortgage-backed securities, and outlines how these agencies monitor the performance of mortgage pools over time. The authors draw upon the example of a mortgage pool securitized by New Century Financial during 2006. Illustrations.

Asset-Backed Securities
Asset-Backed Securities

Author: Anand K. Bhattacharya

Publisher: John Wiley & Sons

Published: 1996-09-15

Total Pages: 436

ISBN-13: 9781883249106

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Asset-Backed Securities provides comprehensive coverage of the major asset-backed securities, structuring issues, and relative value analysis from the leading experts in the field. Comprehensive coverage includes the expanding frontiers of asset securitization, introduction to ABS accounting, trends in the structuring of ABSs, and prepayment nomenclature in the ABS market.

The Future of China's Bond Market
The Future of China's Bond Market

Author: Mr. Alfred Schipke

Publisher: International Monetary Fund

Published: 2019-03-13

Total Pages: 52

ISBN-13: 151358278X

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China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.