Financial Asset Securitization: Theory and Practice

Author: Wang Wenyu
Publisher:
Publish Date: 2006-01-01
Features: Asset securitization originated in the United States, and subsequently, regions such as Europe, Japan, and others adopted this system, using it as an important financing method in the international financial market. To enhance the liquidity of financial assets and improve the competitiveness of financial institutions, Taiwan has recently passed the "Financial Asset Securitization Regulations" and subsequently issued related sub-laws. This system involves disciplines such as law, accounting, and finance, and only by integrating these disciplines can one gain a comprehensive understanding of it. In light of this, this book combines expertise in law, accounting, and financial securities, drawing on asset securitization theory and practical experience, to categorically explain various trends in securitization. In terms of law, this book explores the content of the "Financial Asset Securitization Regulations" and discusses concepts such as asset segmentation and true sale; in accounting, it discusses the basic types and economic functions involved in securitization. Additionally, the book references relevant theories and examples to introduce, in a dedicated chapter, securitization products from other regions and the transaction structures and considerations of securitization. Finally, at the end of each chapter, the book includes key terms and exercises to assist readers in understanding the basic concepts of securitization. In summary, this book is an invaluable interdisciplinary work on securitization, combining both theory and practice, and is highly suitable for professionals in the fields of securities finance, law, and accounting for reference and study.