Securitization (Uia Law Library, 1)

David G. Glennie/ Eduard C. de Bouter/ Randall D. Luke

ISBN 10: 9041196870 / ISBN 13: 9789041196873

Published by Kluwer Law Intl, 1998

1st edition. 224 pages. 9.25x6.25x0.50 inches. In Stock. Seller Inventory # x-9041196870

Synopsis:

Securitization is the process of financing assets by the issuance of asset-backed securities, as opposed to traditional secured financings. Asset securitization has developed and expanded in the last two decades and now accounts for more than $450 billion of financings per year in the US. This book, comprising 16 national reports, provides a comprehensive survey of the law and practice of securitization in the major jurisdictions in which securitizations have been carried out. It reviews the principle assets commonly securitized and the development of the market in each country, facilitating quick comparison of different jurisdictions. Legal aspects of the most important structures are analyzed in detail, including the establishment of special purpose vehicles, credit enhancement techniques and security issues. There is detailed discussion of tax and accounting issues, and commentary on specialized issues such as public offerings if asset-backed securities and cross-border considerations. Among those who will find Securitization a practical and useful guide are practitioners working in international law firms, financial advisors and investment bankers.

Synopsis: This text provides a comprehensive survey of the law and practice of securitization in the major jurisdictions in which securitizations have been carried out. It reviews the principal assets commonly securitized and the development of the market in each country. Legal aspects of the most important structures are analyzed in detail, involving therefore the establishment of special purpose vehicles, credit enhancement techniques and security issues. The book is also a commentary on specialized issues such as public offerings of asset-backed securities and cross-border considerations. In summary, securitization can be defined broadly as the process of financing assets through the issuance of securities which are "backed" (i.e. secured) by the cash payment streams generated by the assets securitized and by the assets themselves. There are 16 national reports. The book forms a discussion of both market and legal issues. It also allows a quick comparison of different jurisdictions.

Bibliographic Details

Title: Securitization (Uia Law Library, 1)
Publisher: Kluwer Law Intl
Publication Date: 1998
Binding: Hardcover
Condition: Brand New