Frank J. Fabozzi, Vinod Kothari

Introduction to Securitization

• Gebundenes Buch

Produktbeschreibung

Introduction to Securitization

A comprehensive overview of securitization

With this book, Frank Fabozzi and Vinod Kothari bring together their extensive expertise in this field to present asset and financial managers, as well as finance students, with comprehensive information on one of the most important topics in modern-day finance.

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 riskfactors, 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.

Produktdetails

• Frank J. Fabozzi Series
• Verlag: Wiley & Sons
• 1. Auflage
• Seitenzahl: 384
• Erscheinungstermin: 1. Juli 2008
• Englisch
• Abmessung: 235mm x 157mm x 25mm
• Gewicht: 590g
• ISBN-13: 9780470371909
• ISBN-10: 0470371900
• Artikelnr.: 23895135

Autorenporträt

Frank J. Fabozzi, PhD, CFA, CPA, is Professor in the Practice of Finance at Yale University's School of Management, Editor of the Journal of Portfolio Management, and Associate Editor of the Journal of Structured Finance and the Journal of Fixed Income. Vinod Kothari, chartered accountant, is an author, trainer, and consultant on securitization, asset-based finance, credit derivatives, and derivatives accounting. Kothari is a visiting faculty member at the Indian Institute of Management, where he teaches structured finance.

Inhaltsangabe

Preface. About the Authors. 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 Impact on
Financial Markets and Economies. Appendix A. Basics of Credit Derivatives.
Appendix B. Valuing Mortgage-Backed and Asset-Backed Securities.
References. Index.