Global Securitisation and CDOs

'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 has moved on, becoming ever more complex in both its detail and its variety, but John's book never fails to deal with all the intellectual challenges posed, in a clear, logical and comprehensive fashion. A must for all practitioners - I thoroughly enjoyed it' - Robert Palache, Managing Director, Head of European Infrastructure Finance and Corporate Securitisation, Barclays Capital.' Deacon's book is an unparalleled treatise on all aspects of asset securitisation and CDOs and is ideal for use by both experienced market practitioners and by those new to the seemingly ever-expanding world of securitisation. The book comprehensively outlines the various structures encountered, ranging from true sale and future flow financings to synthetics and whole business, addressing not only the framework of the structures but also the regulatory and accounting implications. A must have reference book' - David Newby, Executive Director, ABN AMRO BANK N.V., Head of UK and Irish Securitisation, Head of European Commercial Real Estate Securitisation.Synthetic credit derivatives technology, CDOs, the covered bond market, the mortgage-backed market and M&A financing have all come together to make securitization the fastest growing and most flexible area of the global credit markets. This authoritative work looks at the recent synthetic structures and credit derivatives used in CDOs and at the new Basel Capital Accord and addresses the framework of these structures as well as the regulatory and accounting implications. You'll find truly global insights, coverage of both the financial and legal aspects of securitization, and a glossary of market and legal terminology.

ISBN 0470869879   Pages 688 ISBN13 9780470869871 (What's this?)   Volumes 001 Publisher John Wiley and Sons Ltd   Weight (grammes) 1298 Imprint John Wiley & Sons Ltd   Published in Chichester Format Hardback   Series title The Wiley Finance Series Publication date 23 Jan 2004   Height (mm) 251 Non-book description book   Width (mm) 176 Library of Congress HG4028.A84   Spine width (mm) 42 DEWEY 332.632   Academic level Professional / Scholarly DEWEY edition DC22

		Preface
		About the Author
1		Introduction		1
2		Rating and Credit Structure		13
3		Deal Structure		37
4		Investor Concerns		77
5		Asset Classes		103
6		Opportunities and Challenges		143
7		Synthetics and Credit Derivatives		151
8		Whole Business Securitisation		173
9		The European Union		197
10		Accounting for Securitisation		207
11		Capital		219
12		Global Securitisation Markets		255
13		Terminology in the Securitisation and Derivatives Markets		423
		References		657
		Index		659

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