Part One
Introduction to Securitization
The purpose of this book is essentially to act as a guide, and checklist, for bankers wishing to originate and close a securitization transaction, either in-house or on behalf of a third-party client bank. Before that, however, we wish to place this template in context by beginning with some descriptive background on the market and its products.
To that end, Part One is an introduction to the concept of securitization, and would be of value to newcomers to the market and graduate students in finance. It defines the key elements behind the technique, and also illustrates the principles of securitization as a generic concept. Chapter 2 looks at some examples of the impact of the 2008 financial crash on the market.
