Introduction to Structured Finance

Structured finance is a term that covers a very wide range of financial market transactions and products. While a common definition of it seems to center on securitization, structured financial products also include credit derivatives, bonds with embedded options, leveraged leasing, project financing, and a variety of other complex financing transactions.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 and makes them understandable to a wide audience from professionals generally familiar with the world of finance who want to enhance their technical knowledge to specialists in some structured finance disciplines who want to become more familiar with others.Written in a straightforward and accessible style, this comprehensive guide along with its information–packed appendices contains a broad view of structured finance that includes:SecuritizationInterest rate derivatives (such as options, caps, and floors)Credit derivatives (such as asset swaps and total return swaps)Securitized and synthetic funding structuresCash and synthetic collateralized debt obligations (CDOs)Credit–linked notes and structured notesComplex leasing transactionsProject financingStructured finance plays an important and growing role in today′s financial markets. Indeed, a large part of financial innovation in recent years has been related to securitization, credit derivatives, or a combination of the two. Introduction to Structured Finance offers a well–rounded treatment of this dynamic discipline, a convenient reference covering all the important transaction types in one place, and an excellent opportunity to enhance your financial skills.Biographie de l'auteurFRANK J. FABOZZI, PHD, CFA, CFP, is an Adjunct Professor of Finance at Yale University′s School of Management and the Editor of theJournal of Portfolio Management.HENRY A. DAVIS, MBA, is an editor, writer, and consultant working in the fields of banking and corporate finance. He currently serves as Editor of two quarterly professional journals, the Journal of Structured Finance and the Journal of Investment Compliance.MOORAD CHOUDHRY is Head of Treasury at KBC Financial Products in London. Previously, he worked at JPMorgan Chase Bank, where he was a vice president of structured finance services sales and marketing.