European Structured Financial Products Manual

Author: Faboz
Publisher:
Publish Date: 2006-12-01
Features: In the fixed income market, the development of securitized products is undoubtedly remarkable, as it almost perfectly reflects the dynamic and flexible characteristics of the market itself. The application of securitization technology continues to be enhanced—now referred to as "structured finance" securities, which is a broad concept encompassing various product categories, each of which is worth studying and distinguishing. The European Structured Finance Products Handbook is a comprehensive guide to the evolving securitization market. The content of this book primarily serves practitioners interested in structured finance products in the European bond market, including bankers, insurance professionals, and investors, among others. The book is divided into six parts, introducing readers to the concept of securitization, various structured finance products, providing many valuable practical insights, and further broadening readers' perspectives in the following areas:
· Asset-Backed Securities (ABS) and the various asset classes used to originate them—credit card ABS, consumer loan ABS, auto loan ABS, and so on.
· Whole-business securitization.
· Residential Mortgage-Backed Securities (RMBS) and Commercial Mortgage-Backed Securities (CMBS).
· Cash and Debt-Collateralized Bonds.
· Structured credit products and rehypothecation in the form of Credit-Linked Notes.