Special Report on
Asia Securitization and Structured Finance
Photo by www.iamfi.com
This page updated regularly deals with securitization
developments in Hong Kong. If you have any news or development to contribute
to this, please write to me. State of the Market: Updated on July 22, 2009 (by Nidhi Bothra) From the first securitization issuance in 1994 by Bank of America to the
securitization of future toll receivables in 2004 by the government the
Hong Kong, securitization market in Hong Kong has come a long way. Unlike
many of the civil law jurisdictions in Asia (eg, Korea, Japan and Taiwan),
Hong Kong did not have to introduce specific legislation to ...
Asia Securitization and Structured Finance - Trends
Latest Trending Story:
International Securitization and Finance Report
helps you stay on top of the most important issues in this marketplace by offering practical advice on navigating confusing regulations, assessing stability of currencies, utilizing capital controls, finding answers on international tax and accounting issues, and much much more. Scroll down to view current issue. Request a Free Trial If you have responsibilities for securitizations or structured finance in international markets, you are well aware that the growth of asset-backed securitizations and structured finance in Europe, Asia and Latin America has created exciting new opportunities. However, you must stay informed ...
Wikipedia
triggered by a dramatic rise in mortgage delinquencies and foreclosures in the United States, with major adverse consequences for banks and financial markets around the globe. Approximately 80% of U.S. mortgages issued in recent years to subprime borrowers were adjustable-rate mortgages . 1 After U.S. house prices peaked in mid-2006 and began their steep decline thereafter, refinancing became more difficult. As adjustable-rate mortgages began to reset at higher rates, mortgage delinquencies soared. Securities backed with subprime mortgages, widely held by financial firms, lost most of their value. The result has been a large ...
FEATURED BLOG
we have seen how the public sector encouraged the hazardous behaviour in modern banking through central banking, bailouts and deposit insurance. In part 2, we will take a closer look at the hazardous behaviour in the private sector of modern banking that led to the subprime crisis, i.e. mortgage broking, securitization and credit rating. The American Dream was first expressed during the Great Depression by James Truslow Adams as attaining prosperity though living a “better and richer life”. This dream of prosperity gradually transformed into home ownership during the subprime ... Read More
RECOMMENDED BOOKS
REVIEWS AND OPINIONS
market research, surveys and trends
second-quarter 2010 earnings beat the Zacks Consensus Estimate by 5 cents on higher revenues that also exceeding expectations. The results reflect strong activity in corporate and financial institution debt markets, largely driven by high-yield bond and loan issuance. Despite better-than-expected first half 2010 results, the company remains uncertain regarding issuance levels and inconsistent credit market conditions due to increased volatility and expects structured finance business to remain weak in the second half of the year. The company reaffirmed its earnings guidance but lowered its revenue estimates due to a cautious ...
market research, surveys and trends
SURVEY RESULTS FOR
ASIA SECURITIZATION AND STRUCTURED FINANCE
During financial crises, developing countries cannot obtain low-cost, long-term loans. Securitization of future flow receivables can help investment-grade public and private sector entities in these countries obtain credit ratings higher than those of their governments and raise funds in international capital markets. Since Mexico's devaluation of the peso in 1994, financial crises have occurred in a number of emerging markets, dealing severe blows to investor confidence. Three years after the Asian crisis, capital flows to emerging markets remain depressed, while borrowing costs remain high. The major international ...
industry trends, business articles and survey research
When it comes to modern financial instruments, Egypt is
still living in an age slightly more advanced that that of the Pyramids. Not to speak of concepts like securitisation or secondary
mortgage markets, evey primary mortgage markets are still very undeveloped
in the country. A mortgage law was enacted in 2001. Since then, only two
mortgage firms have been established in the market, in March and October
of last year. The first company, Al-Taamir, has only offered a dozen loans
during that period, and the other company, Al-Masriya, has made less than
five loans. This ...
industry trends, business articles and survey research
RELATED NEWS
Moody's Corporation reported revenue of $477.8 million for the three
months ended June 30, 2010, an increase of 6% from $450.7 million for
the second quarter of 2009. Operating income for the quarter was $190.5
million, a 2% increase from $187.2 million for the same period last
year. Diluted earnings per share of $0.51 for the second quarter of 2010
included a benefit of $0.02 associated with certain legacy tax matters
and a minor restructuring-related adjustment. Excluding legacy tax and
restructuring items from both periods, diluted earnings per share of ...
market trends, news research and surveys resources
Dubai, London, 10 August 2010 (WAM) - Emirates NBD (ENBD) and Citi today announced the close of the Middle East's first auto loan securitization. Emirates NBD Auto Finance Limited is the Middle East's first true-sale securitization of auto loans and the first securitization transaction from Emirates NBD Bank P.J.S.C., the largest bank in the region by assets. The transaction is secured by a revolving portfolio of auto loans granted to private and commercial clients in the UAE. The transaction, which raised JPY 19 billion, was guaranteed as to principal by the Japan Bank for International Cooperation (JBIC) and ...
market trends, news research and surveys resources
INFORMATION RESOURCES
“Asia-Pacific Securitization and Structured Finance Law Firm of the Year” by International Finance Law Review, in recognition of our work on the Sanwa Bank ...
technology research, surveys study and trend statistics
Jun 2, 2010 ... Alternative Approaches for Measuring Structured Finance Credit ..... For two types of structured finance transactions - inventories securitization and .... For Asia, the add-on will apply to pairs of securities within ...
technology research, surveys study and trend statistics
2010 INTERNATIONAL HOUSING FINANCE PROGRAM. Mortgage Securitization Workshop June 18-19 2010 ... Asia Structured Finance Quarterly, Vol 11. ...
REAL TIME
ASIA SECURITIZATION AND STRUCTURED FINANCE
FEATURED VIDEOS
Watch these videos to learn more about industry trends, latest news and technologies.
-
Opening of UFANA Conference 2010 - Day 2 -
Structured Finance, Lecture 1 - The Alphabet Soup of the Credit Crisis
Join these Webinars to learn more about current research, trends and surveys.
QUESTIONS AND ANSWERS
Deutsche Bank has released details of a $500m synthetic securitisation of emerging market credits — the bank's first in the asset class. The deal, Craft EM 2006-1, was engineered by Deutsche's loan exposure management group, a division set up a few years ago to manage the pricing of Deutsche's global loan book and distribute risk to the capital markets through credit derivatives and collateralised debt obligations. This unit has been the driving force behind Deutsche's recent balance sheet CLOs, including the 11 previous Craft deals, which parcelled investment grade corporate risk, and its three Gate ...
Anyone have personal experience with ACT (Acceptance & Commitment Therapy) and/or Stephen Hayes 'Get Out Of Your Mind, And Into Your Life'? My husband is going to be staying in Provo, Utah, next week for work (visiting from New Zealand). He's busy during the day. What are the highlights for dinner food and things-to-see-at-night? He has a rental car. I've been sent an email from a company producing a calendar. They are interested in using some of my photos from flickr for their calendar - not as main images, but as smaller fill pictures. I've said I'm interested, but I've never done anything ...
