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Description of Asset–Backed Securities

Asset–Backed Securities provides comprehensive coverage of the major asset–backed securities, structuring issues, and relative value analysis from the leading experts in the field. Comprehensive coverage includes the expanding frontiers of asset securitization, introduction to ABS accounting, trends in the structuring of ABSs, and prepayment nomenclature in the ABS market.

Title Information

ISBN:

9781883249106

Pages:

410 pages

Format:

Hardback

Product Code:

4706

Publisher:

John Wiley & Sons Ltd

Published:

30/09/1996

Edition:

1st Edition

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About Anand K. Bhattacharya (Editor) and Frank J. Fabozzi CFA (Editor)

Anand K. Bhattacharya is Senior Vice President and Director of Fixed Income Securities at Prudential Securities, Inc.

Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University′s School of Management.

Contents of Asset–Backed Securities

Part I: General
1. The Expanding Frontiers of Asset Securitization
2. Securitization in Europe

Part II: Product Areas
3. Credit-Card Receivables
4. Auto Loan-Backed Securities
5. Manufactured Housing Securities
6. Analysis of Manufactured Housing-Backed Securities
7. Introduction to the B&C Home-Equity Loan Market
8. Evolution of the B&C Home-Equity Loan Securities Market
9. Equipment Lease-Backed Securities
10. SBA Loan-Backed Securities
11. The Securitization of Health-Care Receivables
12. The Commercial Property Market and Underwriting Criteria for Commercial Mortgages
13. CMBS Structures and Relative Value Analysis
14. Investing in Interest-Only Commercial Mortgage-Backed Securities

Part III: Structuring Considerations
15. Structuring Efficient Asset-Backed Transactions
16. A Rating Agency Perspective on Asset-Backed Securitization
17. Credit Enhancement in ABS Structures
18. Early Amortization Triggers
19. Home-Equity Loan Floaters
20. Dynamics of Cleanup Calls in ABS
AVS B-Pieces

Part IV: Relative Value Considerations
22. Prepayment Nomenclature in the ABS Market
23. Evaluation of ABS Prepayments
24. Z-Spreads

Part V: Accounting Considerations
25. Introduction to ABS Accounting

Index