LEADER 05387nam 22006974a 450 001 9910955800203321 005 20200520144314.0 010 $a1-280-27258-9 010 $a9786610272587 010 $a0-470-87053-2 035 $a(CKB)111087027105914 035 $a(EBL)219737 035 $a(OCoLC)54776196 035 $a(SSID)ssj0000163566 035 $a(PQKBManifestationID)11924447 035 $a(PQKBTitleCode)TC0000163566 035 $a(PQKBWorkID)10117536 035 $a(PQKB)11123345 035 $a(Au-PeEL)EBL219737 035 $a(CaPaEBR)ebr10114001 035 $a(CaONFJC)MIL27258 035 $a(OCoLC)53223474 035 $a(FINmELB)ELB179102 035 $a(Perlego)2761005 035 $a(MiAaPQ)EBC219737 035 $a(EXLCZ)99111087027105914 100 $a20030924d2004 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGlobal securitisation and CDOs /$fJohn Deacon 205 $a1st ed. 210 $aChichester, England ;$aHoboken, NJ $cWiley$d2004 215 $a1 online resource (690 p.) 225 1 $aWiley finance series 300 $aDescription based upon print version of record. 311 08$a0-470-86987-9 320 $aIncludes bibliographical references (p. [657]-658) and index. 327 $aGlobal Securitisation and CDOs; Contents; Preface; About the Author; 1 Introduction; 1.1 Forms of securitisation; 1.2 Rationale for securitisation; 1.3 Global ABS markets; 2 Rating and Credit Structure; 2.1 Rating agencies; 2.2 Credit enhancement and liquidity; 2.3 Hedging and prepayment risk; 3 Deal Structure; 3.1 Ring-fencing and true sale; 3.2 SPVs and trusts; 3.3 Offshore centres; 3.4 Commonly used offshore jurisdictions; 3.5 Bonds and CP funding; 3.6 Securities laws; 3.7 US securities laws; 3.8 UK securities laws; 3.9 EU securities laws; 3.10 Tax treatment; 3.11 Accounting treatment 327 $a3.12 Capital treatment 3.13 Data and consumer regulation; 3.14 Regulatory approvals; 3.15 Administration and systems; 4 Investor Concerns; 4.1 Investor credit analysis; 4.2 Eligibility criteria; 4.3 Cash flow waterfall; 4.4 Bond pricing and valuation; 4.5 Performance and reporting; 5 Asset Classes; 5.1 ABS: Commercial and EETCs; 5.2 ABS: Consumer and credit cards; 5.3 Collateralised debt obligations; 5.4 Commercial mortgage-backed securities; 5.5 Covered bonds and Pfandbriefe; 5.6 Future flows; 5.7 Non-performing loans; 5.8 Real estate investment trusts; 5.9 Repackagings 327 $a5.10 Residential mortgage-backed securities 5.11 Trade receivables; 5.12 Whole business securitisation; 6 Opportunities and Challenges; 6.1 Introduction; 6.2 Significance of accounting and capital off-balance-sheet reform; 6.3 New Basel Accord; 7 Synthetics and Credit Derivatives; 7.1 Synthetic securitisation: Credit derivatives; 7.2 Super-senior pieces; 7.3 Pros and cons of synthetic securitisations for investors; 7.4 Terminology and types of credit derivative; 7.5 Use and pricing for credit derivatives; 7.6 Structure and concerns; 7.7 Regulatory capital advantages of synthetics 327 $a7.8 International capital treatment for credit derivatives 8 Whole Business Securitisation; 8.1 Benefits and requirements of whole business deals; 8.2 Structures; 8.3 Corporate valuation; 8.4 Rating analysis; 8.5 Feasibility in different countries; 8.6 Threats to whole business technology; 9 The European Union; 9.1 Ring-fencing and true sale; 9.2 Securities laws; 9.3 Tax treatment; 9.4 Accounting treatment; 9.5 Capital treatment; 9.6 Data protection/confidentiality; 9.7 Consumer protection; 9.8 Other issues; 10 Accounting for Securitisation; 10.1 US accounting standards 327 $a10.2 UK accounting standards 10.3 International Accounting Standards; 10.4 The influence of the European Union; 11 Capital; 11.1 Banking book; 11.2 Trading book; 11.3 New Basel Accord; 11.4 Basel capital arbitrage; 11.5 Off-balance-sheet treatment under Basel; 11.6 Basel capital treatment and new Basel proposals; 11.7 Capital for banking book exposures; 11.8 Capital for trading book exposures; 12 Global Securitisation Markets; 12.1 Argentina; 12.2 Australia; 12.3 Austria; 12.4 Belgium; 12.5 Bolivia; 12.6 Brazil; 12.7 Canada; 12.8 Chile; 12.9 China; 12.10 Colombia; 12.11 Czech Republic 327 $a12.12 Denmark 330 $a""This is an essential book for any practitioner, researcher or student of securitisation - concise and accurate coverage of the key aspects of securitisation on all the main and secondary markets of the world.""?Alexander Batchvarov, Managing Director, International Structured Product Strategy, Merrill Lynch, London. ""John Deacon's original book became the leading textbook for those genuinely interested in gaining a profound and detailed understanding of the arcane world of securitisation. The new, updated version confirms John's status as the top writer in this sector. Securitisation 410 0$aWiley finance series. 606 $aAsset-backed financing 606 $aDebt 615 0$aAsset-backed financing. 615 0$aDebt. 676 $a658.15/26 700 $aDeacon$b John$f1969-$01813426 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910955800203321 996 $aGlobal securitisation and CDOs$94366537 997 $aUNINA