Elements of Structured Finance 1st edition by Ann Rutledge, Sylvain Raynes – Ebook PDF Instant Download/Delivery: 0195179986 , 978-0195179989
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Product details:
ISBN 10: 0195179986
ISBN 13: 978-0195179989
Author: Ann Rutledge, Sylvain Raynes
For all but the most credit-worthy companies, it is more efficient to finance large pools of assets that have predictable behavioral characteristics through non-standard arrangements. These off-balance sheet structures allow credit exposures to be tailored to investor risk, asset class, and an ever-increasing diversity of idiosyncratic needs on the part of issuers and investors. The discipline that addresses these structures, which is called structured finance or securitization, is almost twenty years old, and has become a ubiquitous element of modern financial management. Yet, it has not been systematically covered in a textbook designed for both the school and workplace contexts.
Elements of Structured Finance, the text version of a program of instruction in structured finance that the authors have offered at universities, private training programs, and consultancies, fills this void spectacularly. Raynes and Rutledge, two very highly regarded teachers and consultants in the field, bring clarity and logic to an inherently complex and frightening area of finance, using their extensive experience working with many of the top Wall Street securities houses. The book will start with the relatively simple concepts of static valuation models and the benchmark pool, and take the reader through the more esoteric features of dynamic risk analysis, thus serving as both an excellent introduction for the beginner and an essential reference for the professional. In addition to participants in structured finance programs, this book will appeal to structured finance analysts and managers at banks, asset management companies, insurance companies, and a wide variety of other corporations.
Elements of Structured Finance 1st Table of contents:
Part I: Intermediate Structured Analysis
1 Elements of Securitization Law
2 Elements of Securitization Accounting
3 Deconstructing the Corporation
4 BOTE: The Static Valuation Model
5 Piecing the Credit Together
6 Analysis of Asset-Side Cash Flows
7 Analysis of Liability-Side Cash Flows
8 Static Analysis of Revolving Structures
9 Monte Carlo Simulation
10 Introduction to Prepayment Modeling
11 PACs
12 Intermediate Cash Flow Modeling
13 Nonlinear Convergence
Part II: Advanced Structured Analysis
Introductory Preamble
14 The Dao of Dealing
15 Data Analysis
16 Markov Chains
17 Recovery Modeling
18 Covariance Matrices and Laplace Transform Methods
19 Cash Flow Model: Building Blocks
20 Cash Flow Model: Advanced Liabilities
21 Triggers
22 The Valuation of Structured Securities
23 Revolving Periods
24 Special Topics
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