The Mechanics of Securitization
Securitization is a well-established practice in the global debt capital markets. And while the market in structured finance securities was hit hard by the 2007-2008 financial crisis, interest in securitization has resumed as the global economy recovers. The Mechanics of Securitization describes the process of structuring and executing an asset-backed security transaction. It is designed to act as a checklist for ABS originators and arrangers and includes templates that can be readily applied by commercial banks looking to undertake securitization transactions.
Praise for The Mechanics of Securitization
"Finally, a textbook on securitization that isn't merely a description of the product but instead tells you exactly how to close an ABS deal―invaluable assistance for the first-time bank practitioner. The templates are a great start to any deal. Highly recommended."
― Mohamoud Barre Dualeh, Manager, Liabilities and SME, The National Bank of Ras Al Khaimah, UAE
"An ideal companion for anyone involved in originating or arranging structured finance deals."