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The Mechanics of Securitization : a Practical Guide to Structuring and Closing Asset-Backed Security Transactions.
A step-by-step guide to implementing and closing securitization transactions Securitization is still in wide use despite the reduction in transactions. The reality is that investors and institutions continue to use this vehicle for raising funds and the demand for their use will continue to rise as...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Chichester :
Wiley,
2012.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Series Page; Title Page; Copyright; Dedication; Foreword; Preface; Part One: Introduction to Securitization; Chapter 1: Introduction to Securitization and Asset-Backed Securities; The Concept of Securitization; The Process of Securitization; Securitizing Mortgages; ABS Structures: A Primer on Performance Metrics and Test Measures; Securitization: Features of the 2007-2008 Financial Crisis; Summary and Conclusions; References; Chapter 2: The Securitization Market Post-2007; Market Observation; Impact on Rating Agencies; Summary and Conclusions.
- Part Two: Guide to Closing a Securitization TransactionChapter 3: Structuring and Execution of a Transaction; A Securitization Process; Summary and Conclusions; Chapter 4: The Rating Agency Process and Legal Review; Select Rating Agencies; Undertaking Legal Due Diligence; Begin Drafting Documents; Set Up the SPV; Modeling the Transaction; Determine Capital Structure/Trigger Levels; Prepare Marketing Materials; Pricing, Close, and Settlement; Summary and Conclusions; Chapter 5: Static Synthetic CDO Cash Flow Waterfall Model; Summary and Conclusions.
- Part Three: Transaction Closing Templates and ChecklistsChapter 6: Transaction Templates and Checklists; Red Sea Master Series Limited Structure Diagram; Underlying Asset Pool; Draft Term Sheet; Closing Process; Structuring Notes; Rating Agency Preparation and Questionnaire; Loan-Level Data: Rating Agency Checklist; Agenda for Rating Agency Site Visit; Legal Counsel Review; Form of Transfer Certificate; Investor and Rating Agency Presentation Template; In-House Credit Rating Mapping Chart: Lower and Upper Values; Rating Agency Presentation: Corporate Bank Origination Processes.
- Loan Transfer Schedule of TasksLoan Transfers, Accounting Movements; Sign-Off Document: Securitization Project; Securitization Testing: Finance Department; Accounting Process on Closing; EUR Junior Tranche Trade Ticket; Senior Tranche Trade Ticket; Internal Transfer Booking Process; Questions from Trustee, Paying Agent, and Services Provider; Summary and Conclusions; About the Authors; Index.