Securitization Markets Handbook: Issuing and Investing in Morgage and Asset-Backed Securities (Bloomberg Financial) - Hardcover

Stone, Charles Austin; Zissu, Anne

Hardcover

ISBN 10: 1576601382 ISBN 13: 9781576601389

Publisher: Bloomberg Press, 2005

Synopsis

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.

About this title

Book Description

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.

From the Back Cover

The Second Edition of The Securitization Markets Handbook is a valuable resource for a wide range of financial professionals trying to put a securitization/asset–backed strategy into place as well as newcomers looking to acquire a broad and strong foundation in this discipline.

Written by Charles Austin Stone and Anne Zissu both experts in the areas of mortgage– and asset–backed securities this reliable guide provides you with a practical and detailed picture of a select number of asset classes, securitization structures, and pricing techniques. The assets presented here represent the largest and most liquid segments of the market, and the structures reviewed comprise the most general financial architecture for securitization transactions.

Updated to reflect the current market environment taking into account the impact of the 2007 financial crisis The Securitization Markets Handbook, Second Edition offers an in–depth analysis of selected portions of the mortgage– and asset–backed securities markets. Along the way, it provides valuable insights on:

• Key structures and cash flow dynamics
• Corporate debt and the securitization market
• Securitization of revolving credit
• Searching for value in the mortgage– and asset–backed markets
• And much more

The Second Edition of The Securitization Markets Handbook is an essential resource for both issuers and investors. Examining the subject of securitization from a wide perspective, it can help you excel at this demanding endeavor.

Edition details

• Publisher: Bloomberg Press
• Publication date: 2005
• ISBN 10: 1576601382
• ISBN 13: 9781576601389
• Binding: Hardcover
• Language: English
• Number of pages: 352