Accessing Capital Markets through SecuritizationThis innovative collection, written by securitization professionals and edited by finance guru Frank Fabozzi, thoroughly explains the basics and the mechanics of securitization and shows how securitization can help more institutions offer innovative fixed-income products. Further, it discusses the effects of the capital markets on securitization and helps financial professionals decide whether or not to securitize. Filled with strategies and techniques, financial professionals will learn how to use float asset-backed offerings and how to hedge against risk and default. |
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Contents
Securitization Basics | 13 |
The Anatomy of a Securitization | 25 |
Credit Enhancement in ABS Structures 3 5 | 35 |
Observations on Effecting Your First AssetBacked Securities Offering | 41 |
To Securitize or Not? | 63 |
Strategies for Community Bankers | 73 |
The Structure Economics and Risk of Conduits | 93 |
FASIT Flexibility Applied to Subprime Securitizations | 111 |
The Measurement of Prepayments and Defaults in ABS Markets | 141 |
Understanding MBSABS L oss Terminology 15 3 | 153 |
Developing the Prospectus Prepayment Curve for | 161 |
Securitization and Other Structured Finance | 171 |
Manufactured Housing Securitization | 193 |
Promoting Securitization in Emerging Economies | 205 |
Glossary of Frequently Used Terms in Asset Securitization | 217 |
Strategic Choices in Asset Sales | 121 |
Common terms and phrases
Amortization amount asset classes asset sales asset securitization asset-backed securities balance sheet bankers bankruptcy remote bonds borrowers capital markets Capital Ratio cash flows collateral Collateralized Debt Obligation commercial conduits corporate cost counsel created credit card credit enhancement credit rating curve deal debt default documents emerging markets entity equipment lease ERISA Exhibit FASIT fees financial assets financial institutions funds Growth HELOC home equity increase interest rate investment bank investors issuer issues lease securitizations leasing company lenders liquidity loan age manufactured housing contracts ment million monthly obligor originator overcollateralization payment pool prepayment pricing principal rating agencies real estate Receivables Sold recourse REMIC securitiza securitization and structured securitization transaction securitized assets sell servicing Special Purpose Entity structured finance subordination subprime term securitization tion Towson University tranches transaction true sale trust types typically underlying underwriting
Bibliographic information
| Title | Accessing Capital Markets through Securitization Volume 76 of Frank J. Fabozzi Series |
| Editor | Frank J. Fabozzi, CFA |
| Edition | illustrated |
| Publisher | John Wiley & Sons, 2001 |
| ISBN | 1883249929, 9781883249922 |
| Length | 248 pages |
| Subjects | › › Business & Economics / Investments & Securities / General |
| Export Citation | BiBTeX EndNote RefMan |