BRIAN P.LANCASTER – STRUCTURED PRODUCTS & RELATED CREDIT DERIVATES

PRODUCT DESCRIPTION

Filled with the insights of many experienced contributors. Credit derivatives and structured products. Structured assets and credit derivatives are looked at in detail. Written over a period of the greatest bull market in structured products history to arguably its most challenging period, this reliable resource will help you identify the opportunities and mitigate the risks in this complex financial market.

FROM THE INSIDE FLAP

While legitimate concerns have recently surfaced with regard to structured products and their markets, the fact is that close to ninety-five percent of structured products have proven themselves to be stable credit quality securities with upgrade/downgrade ratios equal to or better than the corporate bond market.

Structured finance has played a critical role in improving the efficiency, liquidity, and availability of capital in both the United States and abroad, and allowed for the distribution of risk to a wider variety of financial institutions than could otherwise be achieved through traditional balance sheet lending.

With the help of many experienced contributors, Brian Lancaster, Glenn Schultz, and Frank Fabozzi take a detailed look at the various aspects of structured assets and credit derivatives.

DIVIDED INTO FIVE COMPREHENSIVE SECTIONS, STRUCTURED PRODUCTS AND RELATED CREDIT DERIVATIVES OPENS WITH AN ENGAGING INTRODUCTION OF THIS FIELD AND QUICKLY MOVES ON TO:

• Provide an analysis of one of the most controversial topics in the entire structured products market: structured finance operating companies (SFOCs)
• Examine various consumer asset-backed securities (ABS), from residential and auto to small business and student loans
• Offer valuable insights into one of the most misunderstood areas of structured products—collateralized debt obligations (CDOs) and their many forms
• Cover the commercial real estate sector through in-depth discussions of CMBS, commercial real estate CDOs, and much more
• Explore commercial ABS issues such as aircraft securitization, intermodal equipment, and life insurance reserve securitization

This reliable resource, written over a period of the greatest bull market in structured products history to arguably its most challenging period, will help serious investors identify the opportunities and mitigate the risks in this complex financial market.

Brian P. Lancaster is the Head of Structured Products Research at Wachovia. Lancaster was a managing director in structured products at Bear, Stearns from 1990 to 2001.

Glenn M. Shultz is the head of non-agency mortgage research for Wachovia Capital Markets. Prior to joining Wachovia, Schultz was a managing director and head of residential ABS investment banking at the Royal Bank of Canada Financial Group.

FRANK J. FABOZZI is the Editor of the Journal of Portfolio Management and the Professor in the Practice of Finance at Yale University.

STRUCTURED PRODUCTS AND RELATED CREDIT DERIVATIVES

It is important for experienced and aspiring investors to understand the essential aspects of new structured asset products. Structured Products and Credit Derivatives can help you achieve this goal.

Filled with in-depth insights and expert advice of numerous experienced contributors, Structured Products and Related Credit Derivatives puts this complex field in perspective.

DIVIDED INTO FIVE COMPREHENSIVE SECTIONS, THIS INFORMATIVE GUIDE:

• Provides an accessible account of the different types of asset-backed securities (ABS), including residential, auto, and ABS credit derivatives
• Addresses issues in the collateralized debt obligations (CDO) market through discussions of CDO equity, middle market CDOs, and commercial real estate
• Examines commercial ABS components such as aircraft securitization, intermodal equipment, and life insurance reserve securitization
• And much more

With the world of structured products and credit derivatives constantly evolving, you need to have a firm understanding of how to effectively operate in such a dynamic environment. The information found throughout these pages will help you do this and more.

Get Brian P.Lancaster.

Structured Products & Related Credit Derivates is a book by Brian P.Lancaster.

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