xvii, 366 pages : illustrations ; 24 cm.
9780470371909 cloth 0470371900 cloth
Frank J. Fabozzi series.
Bibliography, etc. Note
Includes bibliographical references (pages 343-347) and index.
Formatted Contents Note
Introduction Issuer motivation for securitizing assets and the goals of securitizing Structuring agency MBS deals Structuring nonagency deals Credit enhancements Use of interest rate derivatives in securitization transactions Operational issues in securitization Collateral classes in ABS : retail loans Asset-backed commercial paper conduits and other structured vehicles Securitization of future cash flows : future revenues, operating revenues, and insurance profits Introduction to collateralized debt obligations Types of collateralized debt obligations Structuring and analysis of CDOs Benefits of securitization to financial markets and economies Concerns with securitization's impact on financial markets and economies.