概要 |
Securitization is the process of financing assets by the issuance of asset-backed securities, as opposed to traditional secured financings. Asset securitization has developed & expanded in the last tw... decades & now accounts for more than $450 billion of financings per year in the US. This book, comprising 16 national reports, provides a comprehensive survey of the law & practice of securitization in the major jurisdictions in which securitizations have been carried out. It reviews the principle assets commonly securitized & the development of the market in each country, facilitating quick comparison of different jurisdictions. Legal aspects of the most important structures are analyzed in detail, including the establishment of special purpose vehicles, credit enhancement techniques, & security issues. There is detailed discussion of tax & accounting issues, & commentary on specialized issues such as public offerings of asset-backed securities & cross-border considerations. Among those who will find Securitization a practical & useful guide are practitioners working in international law firms, financial advisors, & investment bankers. 続きを見る
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