Anand K. Bhattacharya / Frank J. Fabozzi (Hgg.)

Asset-Backed Securities

Mitwirkender: Fabozzi, Frank J.; Bhattacharya, Anand K.

• Gebundenes Buch

Produktbeschreibung

Sophisticated banking and analytical skills - and the experience that comes with years of market leadership - help Prudential Securities to custom design innovative and cost-effective products to meet each issuer`s individual objectives. At the same time, our firm`s considerable distribution capabilities - serving large and medium-size institutional investors - helps match investor preverences with bond structures. Innovative analytical programs, structuring, and state-of-the1art technology allows us to harness value and to maintain active, liquid markets. In this role, our firm is an actice market maker for all issues we underwrite, as well as a supporter of the secondary trading markets for all types of asset-backed securities.

Produktdetails

• Verlag: Fabozzi / McGraw-Hill Professional
• Seitenzahl: 432
• Erscheinungstermin: 15. September 1996
• Englisch
• Abmessung: 240mm x 161mm x 28mm
• Gewicht: 760g
• ISBN-13: 9781883249106
• ISBN-10: 1883249104
• Artikelnr.: 21528849

Autorenporträt

Anand K. Bhattacharya is Senior Vice President and Director of Fixed Income Securities at Prudential Securities, Inc. Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University's School of Management.

Inhaltsangabe

Contributing Authors.Acknowledgements.Index of Advertisers.PART I: GENERAL.1. The Expanding Frontiers of Asset Securitization (A. Bhattacharya and F. Fabozzi).2. Securitization in Europe (P. Taylor).PART II: PRODUCT AREAS.3. Credit-Card Receivables (R. Karr, et al.).4. Auto Loan-Backed Securities (T. Zimmerman and L. Burrell).5. Manufactured Housing Securities (T. Zimmerman and I. Koren).6. Analysis of Manufactured Housing-Backed Securities (J. Dunlevy and A. Shook).7. Introduction to the B&C Home-Equity Loan Market (M. Dear and L. Blum).8. Evolution of the B&C Home-Equity Loan Securities Market (H. McCall, III and L. Blum).9. Equipment Lease-Backed Securities (J. Lucas and T. Zimmerman).10. SBA Loan-Backed Securities (D. Faulk).11. The Securitization of Health-Care Receivables (V. Pica and A. Bhattacharya).12. The Commercial Property Market and Underwriting Criteria for Commercial Mortgages (J. Adams).13. CMBS Structures and Relative Value Analysis (J. Adams).14. Investing in Interest-Only Commercial Mortgage-Backed Securities (J. Adams, et al.).PART III: STRUCTURING CONSIDERATIONS.15. Structuring Efficient Asset-Backed Transactions (L. Blum and C. DiAngelo).16. A Rating Agency Perspective on Asset-Backed Securitization (S. Michaud).17. Credit Enhancement in ABS Structures (L. Hsu and C. Mohebbi).18. Early Amortization Triggers (A. Bhattacharya).19. Home-Equity Loan Floaters (L. Tsai and C. Mohebbi).20. Dynamics of Cleanup Calls in ABS (T. Zimmerman).21. ABS B-Pieces (T. Zimmerman).PART IV: RELATIVE VALUE CONSIDERATIONS.22. Prepayment Nomenclature in the ABS Market (A. Bhattacharya).23. Evaluation of ABS Prepayments (A. Bhattacharya).24. Z-Spreads (A. Bhattacharya and C. Sze).PART V: ACCOUNTING CONSIDERATIONS.25. Introduction to ABS Accounting (L. Blum and E. Mitnick).Index.