The Securitization Markets Handbook (eBook)

Structures and Dynamics of Mortgage - and Asset-Backed Securities

Charles Austin Stone, Anne Zissu (Autoren)

eBook Download: PDF | EPUB

2010 | 1. Auflage
352 Seiten
John Wiley & Sons (Verlag)
9780470884843 (ISBN)

Infos

In this long-awaited handbook, noted experts Charles Stone and Anne
Zissu provide an enlightening overview of how securitization works
and explain how future cash flows from various asset
classes--from credit card receipts to mortgage
payments--can be packaged into bond-like products and sold to
investors.

Once a marginal source of funds, securitization is now an essential
corporate funding technique widely adopted by financial and
industrial companies throughout the world to finance both working
capital and capital budgets. It is also used as a risk-management
tool and a source of liquidity. Securitization has been adapted to
fund corporate acquisitions, to capitalize future streams of
revenue, and to liquidate pools of nonperforming loans.

With examples from companies such as GE Capital, Ford Motor Credit,
Countrywide Home Loans, and D&K Healthcare, The
Securitization Markets Handbook provides descriptions of all
major classes of asset-backed securities and offers a
practice-oriented commentary on trends in securitization and the
value of asset- and mortgage-backed securities across industries
and throughout the global markets.

The authors approach the topic from both sides of the market: the
supply side, where assets are securitized and mortgage- and
asset-backed securities are issued, and the demand side, where
investors choose which classes of mortgage and asset-backed
securities will enhance their portfolios or serve as efficient
hedges. The book's detailed explanations and practical
examples make it a valuable guide both for experienced money
managers trying to put a securitization strategy into place and for
those new to securitization looking to acquire a broad and strong
foundation in the subject.

Autor

Charles A. Stone and Anne Zissu are the founding editors of The Financier (www.the-financier.com) and The Securitization Conduit (www.asset-backed.com), quarterly publications providing commentary on corporate finance, risk management, securitization, and related topics. Stone is visiting professor of finance at Université Paris Dauphine; Zissu is professor of finance at Temple University in Philadelphia. They have edited several books on finance, and their research has been published in leading academic journals. They reside in Philadelphia.

Produkt-Details

• Erscheint lt. Verlag: 24.5.2010
• Reihe/Serie: Bloomberg Professional
• Reihe/Serie: Bloomberg Professional
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Finance & Investments • Finance & Investments Special Topics • Finanz- u. Anlagewesen • Spezialthemen Finanz- u. Anlagewesen
• ISBN-13: 9780470884843 / 9780470884843