Collateralized debt obligations and structured finance : new developments in cash and synthetic securitization

✍ Scribed by Janet M Tavakoli

• Publisher: John Wiley & Sons
• Year: 2003
• Tongue: English
• Leaves: 355
• Series: Wiley finance series
• Category: Library

✦ Synopsis

"Collateralized Debt Obligations and Structured Finance provides a state-of-the-art look at the exploding CDO and structured credit products market. Financial expert Janet Tavakoli - author of the widely popular Credit Derivatives and Synthetic Structures - examines a variety of securitization topics never before seen in print, including the huge increase in the CDO arbitrage created by synthetics; the tranches most at risk from this new technology; dumping securitizations on bank balance sheets; the abuse of offshore vehicles by companies such as Enron; and securitizations made possible by new securitization techniques and the introduction of the Euro."--BOOK JACKET. Read more...

✦ Table of Contents

Content: The CDO paradigm shift --
The origins of securitization --
Structured finance and special purpose entities --
Credit derivatives and total rate of return swaps --
Cash versus synthetic arbitrage CDOs --
Cash flow caveats --
Balance sheet CDOs --
Structured finance and risk --Super senior sophistry --
Selected structured finance products --
Future development in structured finance.
Abstract: "Collateralized Debt Obligations and Structured Finance provides a state-of-the-art look at the exploding CDO and structured credit products market. Financial expert Janet Tavakoli - author of the widely popular Credit Derivatives and Synthetic Structures - examines a variety of securitization topics never before seen in print, including the huge increase in the CDO arbitrage created by synthetics; the tranches most at risk from this new technology; dumping securitizations on bank balance sheets; the abuse of offshore vehicles by companies such as Enron; and securitizations made possible by new securitization techniques and the introduction of the Euro."--BOOK JACKET