Full Spectrum Lending

Securitization has revolutionized the business of lending. By packaging financial promises and transforming them so that they can be freely transferred among a multitude of investors, securitization has broadened the opportunities for individuals and institutions to borrow and manage risk– in the process, creating new classes of instruments for investors. Here is the first work to bring together a full spectrum of information and ideas on securitization in one comprehensive presentation. Written by innovators and leaders in the field, Securitization describes how financial instruments can be securitized, structured, analyzed, and valued. Whether you’ re an issuer or an investor, a market participant or a student, Securitization will help you more fully understand this market and its instruments. Securitization functions as both a reference and a textbook, providing insight into not just how securitization operates, but also why. It provides a broad overview of securitization, in-depth discussions of particular products, and hands-on learning of key concepts with exercises at the end of each chapter. A companion CD-ROM, which includes calculation tools and data for models, enhances the learning experience. With Securitization, you will better understand choices available to you as an issuer or an investor, and be able to make better decisions every day. Organized into comprehensive sections built on common principles– but written to be self-contained so that they can be read separately– this valuable resource skillfully explores the securitization market in the United States and Europe. The authors establish a framework for evaluating the securitization processand provide an excellent discussion of basic fixed-income mathematics from yield curves to complex valuation methods.