Securitization

Paper Summary:

The paper discusses Asset securitization as a significant source of value for prospective issuers. The paper explains that deriving the maximum value is a function of aligning the issuer's business goals and current financial objectives with the structure of the transaction and the use of securitization proceeds. The paper provides an overview of the benefits that may be derived from an asset securitization, the direct and indirect costs of such a transaction and a framework for looking at the cost/benefit ratio of the transaction.

From the Paper:

"The concept of corporate financial management has dramatically changed in the past decade from a system of checks and balances to a juggling act. Corporate finance involves following a set of accounting and financial principles, however, some financial experts suggest that it is more of a gambling act. Intense competition between telecoms corporations has forced corporate finance managers to juggle more than one set of balance sheets, depending on whether the reporting is going to Revenue Canada or shareholders."

More papers on Securitization:

• Essay # 83770 : "Industrial Securitization"
• Research Paper # 25358 : "Securitization - Concept and Application"
• Research Paper # 115079 : "Securitization and Bank Liquidity"

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