The Securitization Conduit

When two markets offer different values for the same or nearly the same commodity an arbitrage opportunity may...

In the lexicon of previous decades financial intermediation occurred when banks and non-bank financial institutions, such as insurance...

The development of CDOs is closely associated with imperfections in capital markets, the management of credit risk exposure,...

The mechanics of bank-based loan securitisation lend themselves to models of information economics, as the sale of selected...

Despite the aforementioned benefits associated with banks engaging themselves in loan sccuritisation, securitisation activities warrant the application of...

The willingness of the sponsor to retain an equity claim on the collateral pool as credit enhancement is...

A. Regulatory Change and Its Effects Loan securitisation harnesses the adversity of both the current one-size-fits-all regulatory straightjacket...

A. Introduction Following a protracted effort to address topical regulatory issues involved in the developments of structured finance,...

We need to equally privilege different structures of asset-backed securities, i.e. the relationship of the maturity of the...

Exhibit 34. Basic securitisation process Basic Securitisation Structure (I) [ILLUSTRATION OMITTED] Exhibit 35. Asset-specific types of securitisation Basic...

(1) The Basle Committee on Banking Supervision (2002) uses the term "special purpose entity (SPE)" to define the...

Akerlof, G. A. (1970), "The Market for Lemons: Quality Uncertainty and the Market Mechanism," Quarterly Journal of Economics,...