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Introduction to Structured Finance
Frank J. Fabozzi,
School of Management, Yale Univ.
Henry A. Davis
Moorad Choudhry,
ISBN: 978-0-470-04535-0
©2006
400 pages
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Description
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Introduction to Structured Finance offers students access to information on all aspects of structured finance. Structured finance is a broad term. It can be defined in many ways such as a synthetic transaction that transfers risk; a financing transaction where legal structures are used to isolate asset or entity risk, resulting in decreased risk for the originator; or the monetization of any rights to payments by a party having the legal right to transfer those payments to others. Clearly within the scope of structured finance is securitization, including widely used instruments such as asset-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities, and collateralized debt obligations. In this book, the authors use the broader definition of structured finance to include credit derivatives as well, and take a broad, inclusive view of structured finance that includes project finance, the use of derivatives in structured notes, complex leasing transactions, and various other structured risk transfer mechanisms.
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