The Mechanics of Securitization

A step-by-step guide to implementing and closing securitization
transactions

Securitization is still in wide use despite the reduction in
transactions. The reality is that investors and institutions
continue to use this vehicle for raising funds and the demand for
their use will continue to rise as the world's capital needs
increase.

The Mechanics of Securitization specifically analyzes and
describes the process by which a bank successfully implements and
closes a securitization transaction in the post subprime era. This
book begins with an introduction to asset-backed securities and
takes you through the historical impact of these transactions
including the implications of the recent credit crisis and how the
market has changed.

* Discusses, in great detail, rating agency reviews, liaising
with third parties, marketing the deals, and securing
investors

* Reviews due diligence and cash flow analysis techniques

* Examines credit and cash considerations as well as how to list
and close deals

* Describes the process by which a bank will structure and
implement the deal, and how the process is project managed and
tested across internal bank departments

While securitization transactions have been taking place for
over twenty-five years, there is still a lack of information on
exactly how they are processed successfully. This book will put you
in a better position to understand how it all happens, and show you
how to effectively implement an ABS transaction yourself.