Credit securitization, also known as asset securitization, is a financial technology for packaging, underwriting and selling loans in the form of securities. First used in packaging mortgage loans, credit securitization has grown rapidly and spread to many other forms of credit, including auto loans, student loans and credit-card balances. "Securitization of Credit: Inside the New Technology of Finance" is designed to be first guide to this new financial trend, providing tenders and other financial professionals with clear analyses of many actu…

Securitisation has survived the threats that emerged in the aftermath of the collapses of Enron, WorldCom, and Parmalat. Today, global securitisation markets continue to go from strength to strength, particularly as regards the evolution of new synthetic structures and the application of securitisation technology to fresh asset classes. This Yearbook focuses on the latest innovations in securitisation, including the securitisation of derivatives and alternative asset classes, and also exotic variations on the securitisation of well-established …

* Analyzes leases, tax liens, and other new securitization markets developing globally. * Contains exercises and examples taken from real transactions. * Companion CD-ROM includes calculation tools and examples, data for models, ongoing updates on models, and Q&A with authors to address complex securitization questions.

Among today's fastest growing investment and risk management mechanisms, synthetic securitizations and structured products are revolutionizing the financial industry and changing the way banks, institutional investors, and securities traders do business both domestically and globally. This groundbreaking book offers a succinct and focused resource complete with global case studies on how these often misunderstood and mishandled instruments work, and how best to capitalize on them. Moorad Choudhry (London, UK) is a Vice President in Structured …

This work studies the non-traditional security agenda in the Asia-Pacific, focusing particularly on the dynamics of securitisation. It questions why and how some issues are securitised and examines the policy outcomes that derive from securitising these concerns. The conceptual discussion draws upon but also modifies the theory of securitisation and desecuritisation originally advanced by the Copenhagen School. The empirical study analyses Thailand's securitisation of drug trafficking, Singapore's combined securitisation of sea piracy and marit…