Securitization in India

Securitization in India

Author: Jennifer Romero-Torres

Publisher: Asian Development Bank

Published: 2017-11-01

Total Pages: 130

ISBN-13: 9292579843

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India needs to spend close to Rs43 trillion (about $646 billion) on infrastructure through to 2022. Such a staggering requirement cannot be met though traditional sources such as public sector bank loans. India must immediately explore and quickly ramp up financing from alternative investment sources. This report provides an overview of infrastructure financing in India, sheds light on the challenges faced by the country's banking sector, suggests an optimal mechanism for securitizing the infrastructure assets of public sector banks, and outlines a range of scenarios and factors that must be in place for this mechanism to be successfully realized.


Book Synopsis Securitization in India by : Jennifer Romero-Torres

Download or read book Securitization in India written by Jennifer Romero-Torres and published by Asian Development Bank. This book was released on 2017-11-01 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: India needs to spend close to Rs43 trillion (about $646 billion) on infrastructure through to 2022. Such a staggering requirement cannot be met though traditional sources such as public sector bank loans. India must immediately explore and quickly ramp up financing from alternative investment sources. This report provides an overview of infrastructure financing in India, sheds light on the challenges faced by the country's banking sector, suggests an optimal mechanism for securitizing the infrastructure assets of public sector banks, and outlines a range of scenarios and factors that must be in place for this mechanism to be successfully realized.


Securitization

Securitization

Author: Lokanandha Reddy Irala

Publisher:

Published: 2012

Total Pages: 9

ISBN-13:

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A wide variety of financial markets have been characterized by the growth in securitization during the past twenty years as numerous advantages accrue from holding financial assets in securitized rather than whole loan form.Over the last decade securitization has migrated from the United Sates into Europe and the rest of the world and taken a permanent hold on the fixed income market.Securitisation refers to conversion of cash flows into marketable securities. It is a process through which illiquid assets are packaged, converted into tradable securities and sold to third party investors.Securitisation has arrived in a developing country like India much faster than expected. Securitization may help Indian Banks reduce their regulatory, and sometimes economic and capital requirements.While Securitization serves as a powerful tool of financial reengineering, striking a securitization deal is not that simple. It involves substantial costs, complexity and a longer time period to complete it.


Book Synopsis Securitization by : Lokanandha Reddy Irala

Download or read book Securitization written by Lokanandha Reddy Irala and published by . This book was released on 2012 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wide variety of financial markets have been characterized by the growth in securitization during the past twenty years as numerous advantages accrue from holding financial assets in securitized rather than whole loan form.Over the last decade securitization has migrated from the United Sates into Europe and the rest of the world and taken a permanent hold on the fixed income market.Securitisation refers to conversion of cash flows into marketable securities. It is a process through which illiquid assets are packaged, converted into tradable securities and sold to third party investors.Securitisation has arrived in a developing country like India much faster than expected. Securitization may help Indian Banks reduce their regulatory, and sometimes economic and capital requirements.While Securitization serves as a powerful tool of financial reengineering, striking a securitization deal is not that simple. It involves substantial costs, complexity and a longer time period to complete it.


Securitization in India

Securitization in India

Author: Asian Development Bank

Publisher:

Published: 2017-11

Total Pages: 112

ISBN-13: 9789292579838

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India needs to spend close to Rs43 trillion (about $646 billion) on infrastructure through to 2022. Such a staggering requirement cannot be met though traditional sources such as public sector bank loans. India must immediately explore and quickly ramp up financing from alternative investment sources. This paper explores the securitization of existing infrastructure assets by public sector banks in India, as a means to (i) strengthen their capital position to meet Basel III requirements, (ii) free up capital to help fund new credit growth opportunities, and (iii) ultimately improve fund flow to the infrastructure sector by enhancing its access to institutional investors.


Book Synopsis Securitization in India by : Asian Development Bank

Download or read book Securitization in India written by Asian Development Bank and published by . This book was released on 2017-11 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: India needs to spend close to Rs43 trillion (about $646 billion) on infrastructure through to 2022. Such a staggering requirement cannot be met though traditional sources such as public sector bank loans. India must immediately explore and quickly ramp up financing from alternative investment sources. This paper explores the securitization of existing infrastructure assets by public sector banks in India, as a means to (i) strengthen their capital position to meet Basel III requirements, (ii) free up capital to help fund new credit growth opportunities, and (iii) ultimately improve fund flow to the infrastructure sector by enhancing its access to institutional investors.


Introduction to Securitization

Introduction to Securitization

Author: Frank J. Fabozzi

Publisher: John Wiley & Sons

Published: 2008-06-06

Total Pages: 431

ISBN-13: 0470419571

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Introduction to Securitization outlines the basics of securitization, addressing applications for this technology to mortgages, collateralized debt obligations, future flows, credit cards, and auto loans. The authors present a comprehensive overview of the topic based on the experience they have gathered through years of interaction with practitioners and graduate students around the world. The authors offer coverage of such key topics as: structuring agency MBS deals and nonagency deals, credit enhancements and sizing, using interest rate derivatives in securitization transactions, asset classes securitized, operational risk factors, implications for financial markets, and applying securitization technology to CDOs. Finally, in the appendices, the authors provide an essential introduction to credit derivatives, an explanation of the methodology for the valuation of MBS/ABS, and the estimation of interest rate risk. Securitization is a financial technique that pools assets together and, in effect, turns them into a tradable security. The end result of a securitization transaction is that a corporation can obtain proceeds by selling assets and not borrowing funds. In real life, many securitization structures are quite complex and enigmatic for practitioners, investors, and finance students. Typically, books detailing this topic are either too lengthy, too technical, or too superficial in their presentation. Introduction to Securitization is the first to offer essential information on this topic at a fundamental, yet comprehensive level-providing readers with a working understanding of what has become one of today's most important areas of finance. Authors Frank Fabozzi and Vinod Kothari, internationally recognized experts in the field, clearly define securitization, contrast it with corporate finance, and explain its advantages. They carefully illustrate the structuring of asset-backed securities (ABS) transactions, including agency mortgage-backed securities (MBS) deals and nonagency deals, and show the use of credit enhancements and interest rate derivatives in such transactions. They review the collateral classes in ABS, such as retail loans, credit cards, and future flows, and discuss ongoing funding vehicles such as asset-backed commercial paper conduits and other structured vehicles. And they explain the different types of collateralized debt obligations (CDOs) and structured credit, detailing their structuring and analysis. To complement the discussion, an introduction to credit derivatives is also provided. The authors conclude with a close look at securitization's impact on the financial markets and the economy, with a review of the now well-documented problems of the securitization of one asset class: subprime mortgages. While questions about the contribution of securitization have been tainted by the subprime mortgage crisis, it remains an important process for corporations, municipalities, and government entities seeking funding. The significance of this financial innovation is that it has been an important form of raising capital for corporations and government entities throughout the world, as well as a vehicle for risk management. Introduction to Securitization offers practitioners and students a simple and comprehensive entry into the interesting world of securitization and structured credit.


Book Synopsis Introduction to Securitization by : Frank J. Fabozzi

Download or read book Introduction to Securitization written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 2008-06-06 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Securitization outlines the basics of securitization, addressing applications for this technology to mortgages, collateralized debt obligations, future flows, credit cards, and auto loans. The authors present a comprehensive overview of the topic based on the experience they have gathered through years of interaction with practitioners and graduate students around the world. The authors offer coverage of such key topics as: structuring agency MBS deals and nonagency deals, credit enhancements and sizing, using interest rate derivatives in securitization transactions, asset classes securitized, operational risk factors, implications for financial markets, and applying securitization technology to CDOs. Finally, in the appendices, the authors provide an essential introduction to credit derivatives, an explanation of the methodology for the valuation of MBS/ABS, and the estimation of interest rate risk. Securitization is a financial technique that pools assets together and, in effect, turns them into a tradable security. The end result of a securitization transaction is that a corporation can obtain proceeds by selling assets and not borrowing funds. In real life, many securitization structures are quite complex and enigmatic for practitioners, investors, and finance students. Typically, books detailing this topic are either too lengthy, too technical, or too superficial in their presentation. Introduction to Securitization is the first to offer essential information on this topic at a fundamental, yet comprehensive level-providing readers with a working understanding of what has become one of today's most important areas of finance. Authors Frank Fabozzi and Vinod Kothari, internationally recognized experts in the field, clearly define securitization, contrast it with corporate finance, and explain its advantages. They carefully illustrate the structuring of asset-backed securities (ABS) transactions, including agency mortgage-backed securities (MBS) deals and nonagency deals, and show the use of credit enhancements and interest rate derivatives in such transactions. They review the collateral classes in ABS, such as retail loans, credit cards, and future flows, and discuss ongoing funding vehicles such as asset-backed commercial paper conduits and other structured vehicles. And they explain the different types of collateralized debt obligations (CDOs) and structured credit, detailing their structuring and analysis. To complement the discussion, an introduction to credit derivatives is also provided. The authors conclude with a close look at securitization's impact on the financial markets and the economy, with a review of the now well-documented problems of the securitization of one asset class: subprime mortgages. While questions about the contribution of securitization have been tainted by the subprime mortgage crisis, it remains an important process for corporations, municipalities, and government entities seeking funding. The significance of this financial innovation is that it has been an important form of raising capital for corporations and government entities throughout the world, as well as a vehicle for risk management. Introduction to Securitization offers practitioners and students a simple and comprehensive entry into the interesting world of securitization and structured credit.


The Mechanics of Securitization

The Mechanics of Securitization

Author: Suleman Baig

Publisher:

Published: 2013

Total Pages: 0

ISBN-13:

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Book Synopsis The Mechanics of Securitization by : Suleman Baig

Download or read book The Mechanics of Securitization written by Suleman Baig and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Securitization

Securitization

Author: Vinod Kothari

Publisher: John Wiley & Sons

Published: 2006-06-16

Total Pages: 1025

ISBN-13: 0470821957

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Get a thorough explanation of the nuances of securitization in the global business market with this comprehensive resource. Synthetic securitization and structured products are revolutionizing the financial industry and changing the way banks, institutional investors, and securities traders do business both domestically and globally. Written by a top international trainer and expert on securitization, this book is an ideal way for all market practitioners, whether investors, bankers, or analysts, to ensure they understand the ins and outs of this practice.


Book Synopsis Securitization by : Vinod Kothari

Download or read book Securitization written by Vinod Kothari and published by John Wiley & Sons. This book was released on 2006-06-16 with total page 1025 pages. Available in PDF, EPUB and Kindle. Book excerpt: Get a thorough explanation of the nuances of securitization in the global business market with this comprehensive resource. Synthetic securitization and structured products are revolutionizing the financial industry and changing the way banks, institutional investors, and securities traders do business both domestically and globally. Written by a top international trainer and expert on securitization, this book is an ideal way for all market practitioners, whether investors, bankers, or analysts, to ensure they understand the ins and outs of this practice.


Securitisation in India - A Review of Literature Study

Securitisation in India - A Review of Literature Study

Author: Vinay Kumar Goguru

Publisher:

Published: 2019

Total Pages:

ISBN-13:

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A Securitisation is a form of Structured Finance. A company in search of funds, either issues securities or borrows funds from the market. Both of these possibilities are dependent on asset backing, i.e. sufficient collateral of the business seeking such funds. Securitisation is a money related device for the banks to securitise their future cash from the secured assets. The secured assets turn into a market item having profits for their acknowledgement.Securitization is a technique of creating a financial instrument, such that risk and return are balanced, maturity needs of investors are satisfied and claim against an entity/asset is represented. This paper conducted the study to review the literature on Securitisation available from 1994 to 2017.


Book Synopsis Securitisation in India - A Review of Literature Study by : Vinay Kumar Goguru

Download or read book Securitisation in India - A Review of Literature Study written by Vinay Kumar Goguru and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A Securitisation is a form of Structured Finance. A company in search of funds, either issues securities or borrows funds from the market. Both of these possibilities are dependent on asset backing, i.e. sufficient collateral of the business seeking such funds. Securitisation is a money related device for the banks to securitise their future cash from the secured assets. The secured assets turn into a market item having profits for their acknowledgement.Securitization is a technique of creating a financial instrument, such that risk and return are balanced, maturity needs of investors are satisfied and claim against an entity/asset is represented. This paper conducted the study to review the literature on Securitisation available from 1994 to 2017.


Securitisation in the Non-West

Securitisation in the Non-West

Author: Simon Mabon

Publisher: Routledge

Published: 2018-08-30

Total Pages: 335

ISBN-13: 0429852282

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The concept of securitisation has gained increasing prominence in the past decade. Initially developed in Copenhagen, the term has been used to describe the broadening of the security agenda and the framing of particular issues as existential threats across the world. In spite of this prominence, very little work has been undertaken that questions the extent to which the concept can be applied beyond the Western world. This volume engages with these questions, providing a theoretical overview of issues with using the concept beyond the West, along with empirical papers looking at its use in a number of different contexts. The chapters in this book were originally published as a special issue of Global Discourse.


Book Synopsis Securitisation in the Non-West by : Simon Mabon

Download or read book Securitisation in the Non-West written by Simon Mabon and published by Routledge. This book was released on 2018-08-30 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of securitisation has gained increasing prominence in the past decade. Initially developed in Copenhagen, the term has been used to describe the broadening of the security agenda and the framing of particular issues as existential threats across the world. In spite of this prominence, very little work has been undertaken that questions the extent to which the concept can be applied beyond the Western world. This volume engages with these questions, providing a theoretical overview of issues with using the concept beyond the West, along with empirical papers looking at its use in a number of different contexts. The chapters in this book were originally published as a special issue of Global Discourse.


The Morality of Security

The Morality of Security

Author: Rita Floyd

Publisher: Cambridge University Press

Published: 2019-04-18

Total Pages: 261

ISBN-13: 1108493890

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Offers an innovate approach to ethics and security, combining securitization theory and the just war tradition.


Book Synopsis The Morality of Security by : Rita Floyd

Download or read book The Morality of Security written by Rita Floyd and published by Cambridge University Press. This book was released on 2019-04-18 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers an innovate approach to ethics and security, combining securitization theory and the just war tradition.


Understanding Security Practices in South Asia

Understanding Security Practices in South Asia

Author: Monika Barthwal-Datta

Publisher: Routledge

Published: 2012

Total Pages: 214

ISBN-13: 041561631X

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This book aims to explore the ways in which non-state actors (NSAs) in South Asia ' media actors, epistemic communities, non-governmental organisations (NGOs), civil society groups and others ' are involved in securitising non-traditional security challenges in the region at the domestic and regional levels.


Book Synopsis Understanding Security Practices in South Asia by : Monika Barthwal-Datta

Download or read book Understanding Security Practices in South Asia written by Monika Barthwal-Datta and published by Routledge. This book was released on 2012 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to explore the ways in which non-state actors (NSAs) in South Asia ' media actors, epistemic communities, non-governmental organisations (NGOs), civil society groups and others ' are involved in securitising non-traditional security challenges in the region at the domestic and regional levels.