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.)

Underwater Acoustic Networking Techniques (SpringerBriefs in Electrical and Computer Engineering)
Underwater Acoustic Networking Techniques (SpringerBriefs in Electrical and Computer Engineering)

This literature study presents an overview of underwater acoustic networking. It provides a background and describes the state of the art of all networking facets that are relevant for underwater applications. This report serves both as an introduction to the subject and as a summary of existing protocols, providing support and inspiration...

Nikon D3000: From Snapshots to Great Shots
Nikon D3000: From Snapshots to Great Shots

Nikon's new D3000 is a perfect entry-level DSLR. This book is for anyone who upgrades from their point-and-shoot, or for anyone who wants to jump into photography with the control and capabilities of a DSLR but without the high price. There's the manual, of course, as well as competing books, and while they all explain, often in 400+...

Windows 7 Step by Step (Step By Step (Microsoft))
Windows 7 Step by Step (Step By Step (Microsoft))

Experience learning made easy—and quickly teach yourself the essentials of working with Windows 7. With STEP BY STEP, you set the pace—building and practicing the skills you need, just when you need them! Learn to manage windows and folders, sort and filter files, create an efficient Windows working environment, and safely...


Beginning Programming All-In-One Desk Reference For Dummies (Computers)
Beginning Programming All-In-One Desk Reference For Dummies (Computers)

So you want to be a programmer? Or maybe you just want to be able to make your computer do what YOU want for a change? Maybe you enjoy the challenge of identifying a problem and solving it. If programming intrigues you for whatever reason, Beginning Programming All-In-One Desk Reference For Dummies is like having a starter...

Microsoft SQL Server 2005 Reporting Services For Dummies (Computer/Tech)
Microsoft SQL Server 2005 Reporting Services For Dummies (Computer/Tech)

Find the right information and present it the right way

Take full advantage of all SQL Server Reporting Services can do for you

Without a way to interpret it, the data in your database just sits there doing nothing. Now you have help! This handy guide shows you how to retrieve data and create reports with the newest...

Wireless Access Networks: Fixed Wireless Access and WLL Networks -- Design and Operation
Wireless Access Networks: Fixed Wireless Access and WLL Networks -- Design and Operation
"This reference for students and professionals covers the design, operation, and maintenance of fixed wireless access and wireless local loop networks."
 (SciTech Book News Vol. 25, No. 2 June 2001)

Fixed wireless access networks and Wireless Local Loop (WLL) technology are effective and efficient means for rapidly
...
©2019 LearnIT (support@pdfchm.net) - Privacy Policy