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The Mechanics of Securitization: A Practical Guide to Structuring and Closing Asset-Backed Security Transactions (Frank J. Fabozzi Series)
The Mechanics of Securitization A Practical Guide to Structuring and Closing AssetBacked Security Transactions - Frank J. Fabozzi Series Author:Moorad Choudhry, Frank J. Fabozzi CFA A step-by-step guide to implementing and closing securitization transactions Securitization is still in wide use despite the reduction in transactions since 2007. The reality is that investors and institutions continue to use this vehicle for raising funds and the demand for their use will continue to rise as the world's capital needs increas... more »e. The Mechanics of Securitization specifically analyzes and describes the process by which a bank successfully implements and closes a securitization transaction in the post subprime era. This book begins with an introduction to asset-backed securities and takes you through the historical impact of these transactions including the implications of the recent credit crisis and how the market has changed.
Discusses, in great detail, rating agency reviews, liaising with third parties, marketing the deals, and securing investors
Reviews due diligence and cash flow analysis techniques
Examines credit and cash considerations as well as how to list and close deals
Describes the process via which a bank will structure and implement the deal, and how the process is project managed and tested across internal bank departments
While securitization transactions have been taking place for over thirty years, there is still a lack of information on exactly how they are processed successfully. This book will put you in a better position to understand how it all happens, and to be able to implement an ABS transaction yourself.« less