Asset Securitization Theory and Practice: A Comprehensive Guide

Author: Cheng Zhide, Editor-in-Chief
Publisher:
Publishing Date: 2006-01-01
Features: This book is a comprehensive monograph introducing the theory and practical knowledge of asset securitization, divided into six parts. Part I primarily introduces issues related to the operation of asset securitization, mainly discussing the basic knowledge of asset securitization, the models of securitization transactions, and the role of trustees, as well as the evaluation of transactions. Part II focuses on analyzing the institutional foundations of asset securitization, including legal, tax, and accounting issues involved. In the last chapter of this part, the market foundations of asset securitization (government, intermediaries, institutional investors, and credit systems) are studied. Part III discusses the issues of credit enhancement and credit rating in asset securitization, providing detailed discussions on the methods of credit enhancement, the standards of credit rating, and introducing internationally renowned rating agencies. Part IV classifies and introduces various securitization products. Based on the product introductions in Part IV, Part V presents some case studies. The final part provides a specialized introduction to the development status of asset securitization in countries around the world. Since this book is a handbook-style reference tool, the authors have strived to maintain coherence and unity throughout the book while ensuring the completeness and relative independence of each part, aiming to facilitate readers in finding the content they need. Of course, as this book covers almost all aspects of asset securitization, it can also serve as a reference for readers who wish to systematically study asset securitization knowledge.