The Analysis of Structured Securities
Author | : Sylvain Raynes |
Publisher | : Oxford University Press |
Total Pages | : 516 |
Release | : 2003-09-25 |
ISBN-10 | : 0198034830 |
ISBN-13 | : 9780198034834 |
Rating | : 4/5 (30 Downloads) |
Download or read book The Analysis of Structured Securities written by Sylvain Raynes and published by Oxford University Press. This book was released on 2003-09-25 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Analysis of Structured Securities presents the first intellectually defensible framework for systematic assessment of the credit quality of structured securities. It begins with a detailed description and critique of methods used to rate asset-backed securities, collateralized debt obligations and asset-backed commercial paper. The book then proposes a single replacement paradigm capable of granular, dynamic results. It offers extensive guidance on using numerical methods in cash flow modeling, as well as a groundbreaking section on trigger optimization. Casework on applying the method to automobile ABS, CDOs-of-ABS and aircraft-lease securitizations is also presented. This book is essential reading for practitioners who seek higher precision, efficiency and control in managing their structured exposures.