The concept of re-packaging loans into marketable units for disposal in the capital markets - the essence of securitization - has been developed over the past five years into a sophisticated financial service which a growing number of professional advisers are providing for their clients. This is a review of securitization across the whole range of disciplines involved and it is aimed at a wide range of practitioners as well as those who benefit as lenders from this proces of freeing capital for other uses.
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gebundene Ausgabe. Zustand: Gut. 339 Seiten Der Erhaltungszustand des hier angebotenen Werks ist trotz seiner Bibliotheksnutzung sehr sauber. Es befindet sich neben dem Rückenschild lediglich ein Bibliotheksstempel im Buch; ordnungsgemäß entwidmet. In ENGLISCHER Sprache. Sprache: Englisch Gewicht in Gramm: 610. Bestandsnummer des Verkäufers 2129064
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Hardcover. Zustand: Good+. Zustand des Schutzumschlags: No Jacket (as issued). First Edition. 1st Printing. 1990. Moderate general wear. Scribbling on half-title page. Previous owner ink stamps. 339 pages. Many people (including potential investors) who have heard of securitisation but not experienced it are put off by its complexity. Undoubtedly the transactions are complicated and demanding but the objective of this book is to remove some of the mystery from the process. It has been written with the aim of providing a better understanding of what securitisation can provide and what it means on a practical basis. The book commences with an overview of the development of securitisation to date. An analysis of legal and tax aspects follows to enable readers to understand the manner in which legal theory and commercial objectives can be reconciled. Three chapters then discuss, from the perspective of different types of lenders, how securitisation can help. After a review by a merchant banker of the market, the rating agencies explain their approach to asset-backed debt. An insurance company and a professional trustee then explain their separate views of securitisation, followed by a discussion of various current issues which are being hotly debated in the United Kingdom. The accounting treatment of securitisation is then analysed before the securitisation of non-mortgage assets is discussed. The penultimate chapter considers securitisation in France and its new legal regime before the final chapter discusses the pressures and trends which are likely to develop in international financial markets in the coming months and years. The appendices contain a summary of all public UK transactions to date, the Bank of England's paper on loan transfers and securitisation (reproduced with their kind permission) and the Statement of Practice on transfers of mortgages issued by the United Kingdom Department of Environment (reproduced with their kind permission). 6219. Bestandsnummer des Verkäufers 129802
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