Mechanics of Securitization by Moorad Choudhry

Mechanics of Securitization: A Practical Guide to Structuring & Closing Asset-Backed Security Transactions

Book Summary: A step-by-step guide to implementing & closing securitization transactions Securitization is still in wide use despite the reduction in transactions. The reality is that investors & institutions continue to use this vehicle for raising funds & the dem& for their use will continue to rise as the world’s capital needs increase.

The Mechanics of Securitization specifically analyzes & describes the process by which a bank successfully implements & closes a securitization transaction in the post subprime era. This book begins with an introduction to asset-backed securities & takes you through the historical impact of these transactions including the implications of the recent credit crisis & how the market has changed.

Discusses, in great detail, rating agency reviews, liaising with third parties, marketing the deals, & securing investors Reviews due diligence & cash flow analysis techniques Examines credit & cash considerations as well as how to list & close deals Describes the process by which a bank will structure & implement the deal, & how the process is project managed & tested across internal bank departments While securitization transactions have been taking place for over twenty-five years, there is still a lack of information on exactly how they are processed successfully.

This book will put you in a better position to underst& how it all happens, & show you how to effectively implement an ABS transaction yourself.

Author: Moorad Choudhry

Price: Rs.5384/-