Securitization and Structured Finance Post Credit Crunch

Structured bonds are often viewed as complex and opaque, and participants in the securitization and structured finance markets have traditionally had a narrow focus on a specific part of the securitization value chain. However, in the post credit crunch environment, the market is more regulated, standardized, transparent, and better structured with closer-aligned and more balanced incentives for all participants, more focus on investors and improved comprehension of these bond instruments. In order for the market to succeed, it is vital that all participants take a broader view and understand every part of the transaction lifecycle. In Securitization and Structured Finance Post Credit Crunch: A Best Practice Deal Lifecycle Guide, Markus Krebsz draws on his years of experience in the global finance markets to provide a jargon-free guide to the entire lifecycle of securitization and structured finance deals. The book: * Introduces much needed sound practice principles, based on lessons learnt post credit crisis * Takes the reader through a generic deal's typical lifecycle stages * Discusses each stage of the deal in detail, from 'Pre-Close' (strategic aims, feasibility studies, deal economic analysis and transaction documentation) through 'Close' (credit ratings, investor appetite/marketability, legal considerations) and 'Aftercare' (reporting, surveillance and performance analysis, and ordinary and extraordinary repayment) * Opens up the author's personal 'tool box' and provides the reader with a comprehensive selection of references, tables, a glossary and other useful resources. Electronic versions of these tools are available from the book's companion website at www.structuredfinanceguide.com This unique, holistic and pragmatic insight into all deal life cycle stages makes Securitization and Structured Finance Post Credit Crunch an invaluable reference for all market participants in their efforts to get this important and - if used properly - hugely beneficial part of the capital markets back up and running. "Krebsz has provided a thorough and helpful reference book on all aspects of structured finance. For the layman, the opening chapters will provide a useful account of the processes and motivations behind structured finance products. For those involved in the ongoing management of data and risk processes, the detail in later chapters on systems and infrastructure available is unique and it is good to find all of this information in one place." --Faten Bizzari, Principal at Eastfield Capital Ltd "Markus Krebsz has achieved a rare feat. He has written a book about securitization that is practical and useful for practitioners but at the same time provides enlightenment to the general reader.... If all market participants and investors were to read, learn and inwardly digest this book, common sense would doubtless prevail." --Ian Fraser, Financial Times correspondent and consulting editor at Bloomsbury Publishing's Qfinance "... an authoritative text on the practicalities of securitization, providing a wealth of detailed information on the lifecycle of a typical deal. As the market for structured finance products comes gradually back to life, this book is likely to become a valuable reference for market participants." --Professor Alexander J. McNeil, Department of Actuarial Mathematics and Statistics, Heriot-Watt University "This is a fantastically researched in-depth publication that I learned a great deal from reading and will continue to consult on an ongoing basis. No matter which angle you come from this should be a must-read for all market participants both old and new." --Martin Sampson, European ABS Business Manager, Bloomberg L.P. "... a book that is both encyclopaedic in its coverage of the structured products business and a model of clarity of exposition." --Paul Wilmott, financial engineer and founder of Wilmott.com