The Mechanics Of Securitization: A Practical Gu... Direct

Asset-backed security (ABS) transactions involve isolating cash-flowing assets from an originator into a bankruptcy-remote special purpose vehicle (SPV) to create tradable securities. The process involves structuring debt into tranches, utilizing credit enhancements, and performing extensive legal and financial due diligence. Read the full guide on the securitization process at Amazon . [PDF] The Mechanics of Securitization by Moorad Choudhry