Book description
Created by the experienced author team of Frank Fabozzi, Henry Davis, and Moorad Choudhry, Introduction to Structured Finance examines the essential elements of this discipline. It is a convenient reference guide—which covers all the important transaction types in one place—and an excellent opportunity to enhance your understanding of finance.
Table of contents
- Cover Page
- Title Page
- Dedication
- Copyright
- Contents
- Preface
- About the Authors
- CHAPTER 1: Introduction
- CHAPTER 2: Interest Rate Derivatives
- CHAPTER 3: Credit Derivatives
- CHAPTER 4: Basic Principles of Securitization
- CHAPTER 5: Securitization Structures
- CHAPTER 6: Cash Flow Collateralized Debt Obligations
- CHAPTER 7: Synthetic Collateralized Debt Obligation Structures
- CHAPTER 8: Securitized and Synthetic Funding Structures
- CHAPTER 9: Credit-Linked Notes
- CHAPTER 10: Structured Notes
-
CHAPTER 11: Large Ticket Leasing: Leasing Fundamentals
- HOW LEASING WORKS
- TYPES OF EQUIPMENT LEASES
- FULL PAYOUT LEASES VERSUS OPERATING LEASES
- REASONS FOR LEASING
- TYPES OF LESSORS
- LEASE BROKERS AND FINANCIAL ADVISERS
- LEASE PROGRAMS
- FINANCIAL REPORTING OF LEASE TRANSACTIONS BY LESSEES
- FEDERAL INCOME TAX REQUIREMENTS FOR TRUE LEASE TRANSACTIONS
- SYNTHETIC LEASES
- VALUING A LEASE: THE LEASE OR BORROW-TO-BUY DECISION
-
CHAPTER 12: Leveraged Lease Fundamentals
- PARTIES TO A LEVERAGED LEASE
- STRUCTURE OF A LEVERAGED LEASE
- CLOSING THE TRANSACTION
- CASH FLOWS DURING THE LEASE
- DEBT FOR LEVERAGED LEASES
- FACILITY LEASES
- CONSTRUCTION FINANCING
- CREDIT EXPOSURE OF EQUITY PARTICIPANTS
- TAX INDEMNIFICATION FOR FUTURE CHANGES IN TAX LAW
- NEED FOR A FINANCIAL ADVISER
- THE STEPS IN STRUCTURING, NEGOTIATING, AND CLOSING A LEVERAGED LEASE
-
CHAPTER 13: Project Financing
- WHAT IS PROJECT FINANCING?
- REASONS FOR JOINTLY OWNED OR SPONSORED PROJECTS
- CREDIT EXPOSURES IN A PROJECT FINANCING
- KEY ELEMENTS OF A SUCCESSFUL PROJECT FINANCING
- CAUSES FOR PROJECT FAILURES
- CREDIT IMPACT OBJECTIVE
- ACCOUNTING CONSIDERATIONS
- MEETING INTERNAL RETURN OBJECTIVES
- OTHER BENEFITS OF A PROJECT FINANCING
- TAX CONSIDERATIONS
- DISINCENTIVES TO PROJECT FINANCING
- RECENT TRENDS
- APPENDIX A: The Basel II Framework and Securitization
- APPENDIX B: Synthetic Securitization: Case of Mortgage-Backed Securities
- APPENDIX C: Home Run! A Case Study of Financing the New Stadium for the St. Louis Cardinals
-
APPENDIX D: Municipal Future-Flow Bonds in Mexico: Lessons for Emerging Economies
- MEXICO IN THE LATE 1990s
- FUTURE-FLOW SECURITIZATION
- APPLICABILITY TO MEXICO
- ARGENTINA: AN EARLY TEST OF THE METHODOLOGY
- IMPLEMENTATION IN MEXICO
- CREDIT ENHANCEMENT FEATURES
- VARIATIONS ON THE BASIC MODEL
- COSTS AND RISKS
- APPLICABILITY TO OTHER EMERGING ECONOMIES: THE CASE OF SOUTH AFRICA
- CONCLUSION: BACK TO BASICS
- REFERENCES
- APPENDIX E: Crown Castle Towers LLC, Senior Secured Tower Revenue Notes, Series 2005-1
- APPENDIX F: MVL FIlm Finance LLC
- APPENDIX G: Presale: Honda Auto Receivables 2006-1 Owner Trust
- APPENDIX H: Presale: ACG Trust III
- APPENDIX I: CNH Equipment Trust 2006-A
- APPENDIX J: CIT Equipment Collateral 2006-VT1
- Index
Product information
- Title: Introduction to Structured Finance
- Author(s):
- Release date: October 2006
- Publisher(s): Wiley
- ISBN: 9780470045350
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