Asset Securitisation and Synthetic Structures

Innovations in the European Credit Markets
Erscheinungsjahr 2006
ISBN: 978-1-84374-200-5
Verlag: Euromoney

Buch, Englisch, 300 Seiten

".an impressive collection of experts whose compiled views and experience of the securitisation markets and practice is a must have for every structured finance practitioner's desk"

Jean-Francois Despoux, Head of European Securitisation, Société Générale

The European asset- and mortgage-backed securities markets have grown from €33bn in 1998 to over €260bn in 2005. There are no signs of it slowing down. An essential read for issuers, investors, arrangers and consultants involved in asset securitisation and derivative products.

More than 20 leading European practitioners explain:

the market developments driving growth;
the evolving securitisation techniques;
how to best manage your risk;
the market's best practice techniques.

This new book will help you:

mark the trends and gain expert insights into the futures of European ABS and CDO markets;
understand the impact of Basel II on the structured products market;
learn about the new developments in ABS structures for true sales, linked, hybrid and synthetics;
stay up-to-date with tax, accounting and rating considerations;
identify the changes in issuer motivations and the investor base for European ABS, including SIVs and conduit investors;
appreciate the market for first loss and mezzanine risk;
better structure RMBS, auto loans and consumer ABS, cash CDOs, credit derivatives, and synthetic arbitrage CDO products;
understand the innovative applications of whole business securitisations, insurance and embedded value securitisation and the workings of monoline insurance; and
explore securitisation in emerging markets and the growing market for Islamic securitisations.

Also by Abdulkader Thomas:

Islamic Bonds: Your Guide to Structuring, Issuing and investing in Sukuk (Nathif J Adam and Abdulkader Thomas, published 2004),
Structuring Islamic Finance Transactions (Abdulkader Thomas, Stella Cox and Bryan Kraty, published 2005)
Structuring Islamic mortgage and home finance products chapter in Islamic Retail Banking and Finance: Global Challenges and Opportunities (edited by Sohail Jaffer, published 2005).

Autoren/Hrsg.

Watson, Rick

Carter, Jeremy

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationale Finanzmärkte
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere

Über Autor(innen)

Rick Watson
Rick was most recently Managing Director – Structured Finance for FGIC UK Limited in London, the European subsidiary of Financial Guaranty Insurance Company, one of the four largest Aaa/AAA/AAA rated monoline insurance companies. He was head of the team responsible for the origination, underwriting and execution of financial guarantees and credit derivatives for European structured finance transactions including consumer asset, CDO, and whole business securitisations. Prior to joining FGIC, Rick was head of European ABS and CDOs at HSBC Bank plc, where he led a pan-European team of originators of consumer, CDO and other securitisation products. He was previously Managing Director and Head of European Securitisation at Bear Stearns in London, Executive Director at UBS Limited, a Vice President at Morgan Stanley in New York, and a product manager and treasury specialist at the Federal Home Loan Mortgage Corporation (Freddie Mac) in Washington DC. From 2000–2004, Rick was co-chair of the European Securitisation Forum’s Legal and Regulatory Committee, which was actively involved in providing industry feedback to a variety of global banking regulatory bodies on the Basel II framework and other topics. Rick received an MBA from the Fuqua School of Business at Duke University in Durham, North Carolina, a BA from Grove City College, Grove City, Pennsylvania and has a CPA Certificate in Washington DC.

Jeremy Carter
Jeremy Carter is a director in Fitch Ratings’ European structured finance group. As a senior member of the credit derivatives team, Jeremy is responsible for conducting rating analyses of synthetic CDOs, writing market research and analysing innovative synthetic structures. Before joining Fitch, Jeremy ran the London office for Institutional Investor News. During his time as a journalist he edited Derivatives Week and Securitization News as well as writing for both the Journal of Structured Finance and Risk magazine.

Jeremy is a graduate of Exeter University.