
Securitization and Structured Finance Post Credit Crunch: A Best Practice Deal Lifecycle Guide
Author(s): Markus Krebsz (Author)
- Publisher: Wiley
- Publication Date: 13 April 2011
- Edition: 1st
- Language: English
- Print length: 480 pages
- ISBN-10: 0470713917
- ISBN-13: 9780470713914
Book Description
Editorial Reviews
Review
“… provides a comprehensive practical guide for market practitioners.” (QFinance.com, April 2011)
From the Inside Flap
—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
From the Back Cover
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.
About the Author
Markus is an ex-Primary analyst for Fitch’s Corporate & Infrastructure Securitization Team with a focus on trade receivables, leases and inventory, and government-related deals. He also worked for the rating agency’s transaction surveillance team, where he was involved in innovative product development.
Markus is the Chartered Securities and Investment Institute’s (CISI) workbook reviewer for ‘Risk in Financial Services’, ‘Operational Risk’ and ‘IT in Investment Operations’, and a committee member of the CISI’s Risk and IT forums. Since the beginning of the credit crunch, Markus has contributed to a large variety of industry working groups and consulted for central banks, financial regulators and trade associations providing insight, opinion and innovative capital markets solutions.
You can find out more and contact Markus at www.markuskrebsz.info
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