An Introduction to Asset-Backed Securities and Securitisation
Moorad Choudhry,
Didier Joannas,
Gino Landuyt,
Richard Pereira and
Rod Pienaar
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Moorad Choudhry: Europe Arad Bank plc
Didier Joannas: Thomson Reuters-Risk in North Asia
Gino Landuyt: Europe Arad Bank plc
Rod Pienaar: UBS AG prime services
Chapter 12 in Capital Market Instruments, 2010, pp 237-253 from Palgrave Macmillan
Abstract:
Abstract In this chapter we introduce the basic concepts of securitisation and look at the motivation behind their use, as well as their economic impact. We illustrate the process with a brief hypothetical case study. We also describe the ‘in-house’ deal, a response by banks to the 2007–8 credit crunch.
Keywords: Cash Flow; Balance Sheet; Credit Rating; European Central Bank; Investor Sentiment (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27938-4_12
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DOI: 10.1057/9780230279384_12
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