Securitization, Structured Finance, and Capital Markets (Paperback) - Softcover

Schwarcz, Steven; Markell, Bruce; Broome, Lissa

Softcover

ISBN 10: 153101089X ISBN 13: 9781531010898

Publisher: Carolina Academic Press, 2018

Synopsis

This is a paperback printing of the casebook originally published in 2001.

Securitization, Structured Finance, and Capital Marketsprovides an introduction to securitization as a method of financing. It is suitable for an independent course or seminar in securitization and structured finance, and may also be used as supplementary reading or as advanced examples in courses in bankruptcy, secured transactions, trusts, corporations, securities regulation, corporate finance, tax, banking, or accounting.

The book is organized by substantive legal areas. The first chapter provides an overview of securitization and is a terrific starting point for anyone trying to learn more about this $6 trillion industry where assets as diverse as car loans, credit card debt, student loans, home mortgages, and commercial mortgages are securitized to provide the loan originator with a source of capital at lower cost than might otherwise be available. The first chapter introduces securitization through a detailed discussion of an actual securitization of loans made to purchasers of Hondas. The Honda deal is followed as an example throughout the subsequent chapters and numerous documents from the deal are reprinted in the book. Students should benefit from the concrete example and the opportunity to examine the actual legal documents used to implement this type of financing transaction.

Subsequent chapters of the book examine Article 9 of the UCC, the Bankruptcy Code, accounting issues, tax and other considerations, securities laws, and the Investment Company Act. There is a separate chapter focused on special concerns of banks securitizing loans, a chapter on international and cross-border issues in securitization, and a concluding chapter exploring the academic debate relating to the efficiency of securitization. Each chapter of the book contains discussion questions, and these questions are thoroughly addressed in the Teacher's Manual (available only to professors).

About this title

About the Authors

Steven Schwarcz is the Stanley A. Star Distinguished Professor of Law & Business at Duke University School of Law.

Bruce Markell is Edward Avery Harriman Professor of Bankruptcy Law and Practice at Northwestern University Pritzker School of Law.

Lissa Broome is the Burton Craige Distinguished Professor and Director of the Center for Banking and Finance at the University of North Carolina School of Law.

Edition details

• Publisher: Carolina Academic Press
• Publication date: 2018
• Language: English
• ISBN 10: 153101089X
• ISBN 13: 9781531010898
• Binding: Paperback
• Number of pages: 717