Securitization Markets Handbook
Explains how securitization works and how future cash flows from various asset classes - from credit card receipts to movie royalties - can be packaged into bond-like products and sold to investors.
Securitization is a corporate funding technique widely adopted by financial and industrial companies to finance both working capital and capital budgets. It is also used as a risk management tool and a source of liquidity.
Securitization experts Charles Stone and Anne Zissu have put together a practical explanation of how securitization works and explain how future cash flows from various asset classes - from credit card receipts and mortgage payments, to movie royalties - can be packaged into bond-like products and sold to investors. They include descriptions of the major classes of asset-backed securities and offer a practice-oriented commentary on trends in securitization and the value of asset- and mortgage-backed securities across industries and throughout the global markets.
BOOK DETAILS :Hardback, 352 Pages, Dimensions 234 x 156 MM Language English.
1 Mortgage-Backed Securities
2 Price Dynamics of Mortgages and Cash Flows
3 Valuation of Mortgage- and Asset-Backed Securities
4 Other Structures in Asset-Backed Securities: CMOs, PACs, Floaters, and Inverse Floaters
5 How Ford Motor Credit Corporation Has Used
6 Asset-Backed Commercial Paper
7 Dealer Floor Plan
8 Credit Card Receivables
9 Investment, Speculation, and Hedging Target Investment
Charles A. Stone and is a founding editor 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. He is visiting professor of finance at Université Paris Dauphine.
Anne Zissu is a founding editor 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. Zissu is professor of finance at Temple University in Philadelphia.