Introduction to structured finance / (Record no. 23194)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 05747cam a2200241 a 4500 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| ISBN | 9780470045350 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | English |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 332.041 |
| Item number | FAB |
| 100 1# - MAIN ENTRY--AUTHOR NAME | |
| Author name | Fabozzi, Frank J. |
| 245 10 - TITLE STATEMENT | |
| Title | Introduction to structured finance / |
| Statement of responsibility, etc | Frank J. Fabozzi, Henry A. Davis and Moorad Choudhry. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | Hoboken : |
| Name of publisher | John Wiley, |
| Year of publication | 2006. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | xiv, 385 pages : |
| Other physical details | ill ; |
| Dimensions | 24 cm. |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE | |
| Bibliography, etc | Includes bibliographical references and index. |
| 505 ## - FORMATTED CONTENTS NOTE | |
| Formatted contents note | <br/>Preface vii About the Authors xiii CHAPTER 1 Introduction 1 Definition of Structured Finance 1 Other Definitions of Structured Finance 2 Case Study: How Enron Has Affected the Boundaries of Structured Finance 15 Conclusions 22 CHAPTER 2 Interest Rate Derivatives 23 Interest Rate Forward and Futures Contracts 23 Futures Contracts 24 Interest Rate Swaps 26 Options 36 Caps and Floors 43 CHAPTER 3 Credit Derivatives 45 Documentation and Credit Derivative Terms 45 Credit Default Swaps 48 Credit Default Swap Index 50 Basket Default Swaps 51 Asset Swaps 54 Total Return Swaps 57 Economics of a Total Return Swap 58 CHAPTER 4 Basic Principles of Securitization 65 What Is a Securitized Transaction? 66 Illustration of a Securitization 67 Reasons Why Entities Securitize Assets 70 Benefits of Securitization to Investors 79 What Rating Agencies Look at in Rating Asset-Backed Securities 79 Description of the Collateral 82 Prepayments Measures 87 Defaults and Delinquencies 90 CHAPTER 5 Securitization Structures 95 Use of Interest Rate Derivatives in Securitization Transactions 95 Credit Enhancement 104 More Detailed Illustration of a Securitization 113 CHAPTER 6 Cash Flow Collateralized Debt Obligations 119 Family of CDOs 120 Basic Structure of a Cash Flow CDO 122 CDOs and Sponsor Motivation 124 Compliance Tests 127 CHAPTER 7 Synthetic Collateralized Debt Obligation Structures 133 Motivations for Synthetic CDOs 134 Mechanics 136 Funding Mechanics 138 Investor Risks in Synthetic Transactions 140 Variations in Synthetic CDOs 141 The Single-Tranche Synthetic CDO 147 Summary of the Advantages of Synthetic Structures 149 Factors to Consider in CDO Analysis 150 Case Study 151 CHAPTER 8 Securitized and Synthetic Funding Structures 155 Commerical Paper 155 Asset-Backed Commercial Paper 157 Synthetic Funding Structures 162 CHAPTER 9 Credit-Linked Notes 181 Description of CLNs 181 Illustration of a CLN 182 Investor Motivation 182 Settlement 182 Forms of Credit Linking 184 The First-to-Default Credit-Linked Note 190 CHAPTER 10 Structured Notes 193 Structured Notes Defined 194 Motivation for Investors and Issuers 196 Issuance Form and Issuers 197 Creating Structured Notes 198 Examples of Structured Notes 199 CHAPTER 11 Large Ticket Leasing: Leasing Fundamentals 207 How Leasing Works 207 Types of Equipment Leases 208 Full Payout Leases versus Operating Leases 211 Reasons for Leasing 211 Types of Lessors 216 Lease Brokers and Financial Advisers 217 Lease Programs 217 Financial Reporting of Lease Transactions by Lessees 218 Federal Income Tax Requirements for True Lease Transactions 222 Synthetic Leases 224 Valuing a Lease: The Lease or Borrow-to-Buy Decision 225 CHAPTER 12 Leveraged Lease Fundamentals 237 Parties to a Leveraged Lease 239 Structure of a Leveraged Lease 243 Closing the Transaction 245 Cash Flows During the Lease 246 Debt For Leveraged Leases 247 Facility Leases 249 Construction Financing 252 Credit Exposure of Equity Participants 253 Tax Indemnification for Future Changes in Tax Law 253 Need for a Financial Adviser 254 The Steps in Structuring, Negotiating, and Closing a Leveraged Lease 256 CHAPTER 13 Project Financing 259 What Is Project Financing? 260 Reasons for Jointly Owned or Sponsored Projects 262 Credit Exposures in a Project Financing 262 Key Elements of a Successful Project Financing 264 Causes for Project Failures 265 Credit Impact Objective 277 Accounting Considerations 279 Meeting Internal Return Objectives 282 Other Benefits of a Project Financing 282 Tax Considerations 283 Disincentives to Project Financing 283 Recent Trends 284 APPENDIX A The Basel II Framework and Securitization 287 Basel Rules 288 Impact on Securitization and Credit Derivatives 293 APPENDIX B Synthetic Securitization: Case of Mortgage-Backed Securities 297 Transaction Description 297 Deal Structures 298 Investor Considerations 301 APPENDIX C Home Run! A Case Study of Financing the New Stadium for the St. Louis CardinalsCynthia A. Baker and J. Paul Forrester 303 APPENDIX D Municipal Future-Flow Bonds in Mexico: Lessons for Emerging EconomiesJames Leigland 309 APPENDIX E Crown Castle Towers LLC, Senior Secured Tower Revenue Notes, Series 2005-1Taimur Jamil 321 APPENDIX F MVL FIlm Finance LLCOlga Filipenko 335 APPENDIX G Presale: Honda Auto Receivables 2006-1 Owner TrustAmanda M. Soriano and Nadine E. Gunter 339 APPENDIX H Presale: ACG Trust IIIAnthony Nocera, Ted Burbage, Philip Baggaley, and Michael K. Vernier 345 APPENDIX I CNH Equipment Trust 2006-ADu Trieu, Bradley Sohl, Joseph S. Tuczak, and Peter Manofsky 355 APPENDIX J CIT Equipment Collateral 2006-VT1Brigid E. Fitzgerald, John Bella, and Peter Manofsky 365 Index 373 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | "Created by the experienced author team of Frank Fabozzi, Henry Davis, and Moorad Choudhry, Introduction to Structured Finance examines the essential elements of this discipline. It is a convenient reference guide--which covers all the important transaction types in one place--and an excellent opportunity to enhance your understanding of finance."--Publisher's website |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Subject | Asset-backed financing. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Subject | Securities. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Subject | Risk management. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Subject | International finance. |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Author 2/ Editor | Davis, Henry A. |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Author 2/ Editor | Choudhry, Moorad. |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Books |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Source of acquisition | Cost, normal purchase price | Full call number | Accession Number | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Institute of Public Enterprise, Library | Institute of Public Enterprise, Library | S Campus | 05/16/2024 | Laxmi Book Distributors | 6512.32 | 332.041 FAB | 48419 | 05/16/2024 | Books |
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