Accessing Capital Markets
through Securitization
Frank J. Fabozzi
Copyright: 2001
This innovative collection,
written by securitization professionals and edited by finance guru Frank Fabozzi,
thoroughly explains the basics and the mechanics of securitization and shows how
securitization can help more institutions offer innovative fixed-income products.
Further, it discusses the
effects of the capital markets on securitization and helps financial professionals decide
whether or not to securitize. Filled with strategies and techniques, financial
professionals will learn how to use float asset-backed offerings and how to hedge against
risk and default.
Table of Contents
Contributing Authors.
Market Innovation in
Securitization and Structured Finance (D. Singer).
Securitization Basics (D.
Singer).
The Anatomy of a
Securitization (B. Lockwood, et al.).
Credit Enhancement in ABS
Structures (L. Hsu and C. Mohebbi).
Observations on Effecting
Your First Asset-Backed Securities Offering (K. Morrison).
To Securitize or Not? (S.
Johnson).
Strategies for Community
Bankers (J. Sinkey Jr.).
The Structure, Economics, and
Risk of Conduits (P. Elmer).
FASIT Flexibility Applied to
Subprime Securitizations (P. Pollock and M. Shaff).
Strategic Choices in Asset
Sales (A. Avery).
The Measurement of
Prepayments and Defaults in ABS Markets (A. Bhattacharya).
Understanding MBS/ABS Loss
Terminology (T. Zimmerman).
Developing the Prospectus
Prepayment Curve for Real Estate Backed Structured Products (B. Adams and G. Schultz).
Securitization and Other
Structured Finance Techniques for Equipment Leasing Companies (J. Mathew).
Manufactured Housing
Securitization (P. Watterson, et al.).
Promoting Securitization in
Emerging Economies (B. Jain).
Appendix: Glossary of
Frequently Used Terms in Asset Securitization (K. Morrison).
Index.
248 pages