Home | Amazing | Today | Tags | Publishers | Years | Account | Search 
Quantitative Assessment of Securitisation Deals (SpringerBriefs in Finance)

Buy
Securitisation deals have come to the fore during recent years owing to the challenges involved in their assessment and their role in the recent credit crises. These deals are created by the pooling of assets and the tranching of liabilities. The latter is backed by collateral pools. Tranching makes it possible to create liabilities of a variety of seniorities and risk-return profiles.

The assessment of a securitisation deal is based on qualitative and quantitative evaluations of the risks inherent in the transaction and how well the structure manages to mitigate these risks. Examples of risks related to the performance of a transaction are credit risk, prepayment risk, market risk, liquidity risk, counterparty risk, operational risk and legal risk.

In the light of the recent credit crisis, model risk and parameter uncertainty have come into focus. Model risk refers to the fact that the outcome of the assessment of a securitisation transaction can be influenced by the choice of model used to derive defaults and prepayments. The uncertainties in the parameter values used as input to these models add to the uncertainty of the output of the assessment. The rating agencies have been encouraged to sharpen their methodologies, to disclose more information about their methodologies and the underlying assumptions behind the ratings, and to make known the sensitivity of the ratings to those assumptions. It has also been voiced that financial institutions should reduce their mechanistic reliance on credit rating agencies’ ratings and strengthen their internal credit risk assessment. New regulatory requirements and amendments to existing regulations on credit rating agencies have been implemented in both Europe and the United States.
(HTML tags aren't allowed.)

An Introduction To The Theory Of Spatial Object Modelling For GIS (Research Monographs in GIS)
An Introduction To The Theory Of Spatial Object Modelling For GIS (Research Monographs in GIS)

In 1983 I left the International Institute for Aerospace Survey and Earth Sciences (ITC) and went to Wageningen Agricultural University, where I took the chair of “Land Surveying and Teledetection”. Up to that time I had been active mainly in geodesy and photogrammetry, but at Wageningen it soon became...

AutoCAD 2007 For Dummies (Computer/Tech)
AutoCAD 2007 For Dummies (Computer/Tech)
Meet the newest version of AutoCAD and AutoCAD LT!

Get acquainted with DWG, set up drawings, add text, and work with lines

Welcome to the world of AutoCAD 2007! The program may be complex, but this friendly guide helps you navigate around all the complications and start creating...

Mathematics and Music: A Diderot Mathematical Forum
Mathematics and Music: A Diderot Mathematical Forum

In Western Civilization Mathematics and Music have a long and interesting history in common, with several interactions, traditionally associated with the name of Pythagoras but also with a significant number of other mathematicians, like Leibniz, for instance. Mathematical models can be found for almost all levels of musical activities from...


Cinema 4D, Third Edition: The Artist's Project Sourcebook
Cinema 4D, Third Edition: The Artist's Project Sourcebook

MAXON understands that making a transition into 3D graphics and animation can be a daunting proposition for artists already pressed for time keeping up with the ever evolving progression of more traditional graphics technology. With that in mind, they have crafted CINEMA 4D, a software that is intuitive yet amazingly powerful. Using...

Microprocessors: From Assembly Language to C Using the PICI8FXX2 (Electrical and Computer Engineering Series)
Microprocessors: From Assembly Language to C Using the PICI8FXX2 (Electrical and Computer Engineering Series)
This book is designed for a first course in microprocessors or it may be used as a reference for practicing engineers. The book is unique in presenting a balanced, integrated topic coverage of assembly language programming, microcontroller programming via the C language, and hardware interfacing. Programming topics are discussed using both assembly...
Let the Lord Sort Them: The Rise and Fall of the Death Penalty
Let the Lord Sort Them: The Rise and Fall of the Death Penalty
NEW YORK TIMES EDITORS’ CHOICE • A deeply reported, searingly honest portrait of the death penalty in Texas—and what it tells us about crime and punishment in America

“If you’re one of those people who despair that nothing changes, and dream that something can, this is a story of
...
©2021 LearnIT (support@pdfchm.net) - Privacy Policy