Asset-Backed Securities
Asset-Backed Securities provides a comprehensive coverage of the major asset-backed securities, structuring issues, and relative value analysis from the leading experts in the field. A collection of articles from various professionals discussing the details of investing in asset-backed securities is also included. The main topics addressed include expanding frontiers of asset securitization, introduction to ABS accounting, trends in the structuring of ABSs, analysis of ABS, and prepayment nomenclature in the asset-backed securities market.
Table of Contents
Contributing Authors
Acknowledgments
Index of Advertisers
Part I. General
The Expanding Frontiers of Asset Securitization
Securitization in Europe
Part II. Product Areas
Credit-Card Receivables
Auto Loan-Backed Securities
Manufactured Housing Securities
Analysis of Manufactured Housing-Backed Securities
Equipment Lease-Backed Securities
SBA Loan-Backed Securities
The Securitization of Healthcare Receivables
The Commercial Property Market and Underwriting Criteria for Commercial Mortgages
CMBS Structures and Relative Value Analysis
Investing in Interest-Only Commercial Mortgage-Backed Securities
Part III. Structuring Considerations
Structuring Efficient Asset-Backed Transactions
A Rating Agency Perspective on Asset-Backed Securitization
Credit Enhancement in ABS Structures
Early Amortization Triggers
Home-Equity Loan Floaters
Dynamics of Cleanup Calls in ABS
ABS B-Pieces
Part IV. Relative Value Considerations
Prepayment Nomenclature in the ABS Market
Evaluation of ABS Prepayments
Z-Spreads
Part V. Accounting Considerations
Introduction to ABS Accounting