The Pfandbrief

Author : Jonathan L. Golin
Publisher : Euromoney Books
Page : 354 pages
File Size : 52,9 Mb
Release : 2006
Category : Business & Economics
ISBN : 1843742195

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Covered Bonds by Jonathan L. Golin Pdf

The covered bonds markets are rapidly expanding in terms of issuance, geographic reach and the launch of new structured alternatives. New issue volumes exceeded 130bn euros by mid-October 2005 alone.Covered bonds are now being issued in new juisdictions across emerging Europe. The UK and the Netherlands are developing their own alternatives. The US and Canadian markets are poised for development.This new book guides you through the legislation, structures and investor opportunities in covered bonds, ensuring you understand these new developments across Europe and North America.

Author : Ralf Werner,Manuela Spangler
Publisher : Springer Science & Business Media
Page : 89 pages
File Size : 53,8 Mb
Release : 2013-12-18
Category : Business & Economics
ISBN : 9783319025537

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German Covered Bonds by Ralf Werner,Manuela Spangler Pdf

The Pfandbrief, a mostly triple-A rated German bank debenture, has become the blueprint of many covered bond models in Europe and beyond. The Pfandbrief is collateralized by long-term assets such as property mortgages or public sector loans as stipulated in the Pfandbrief Act. With a history that goes back to the 18th century and a high market share in today’s covered bond markets, the German Pfandbrief is the most established covered bond. Until today, no single Pfandbrief has ever defaulted. Even though Pfandbriefe have survived the financial crisis comparably unharmed, investors have become more sensitive regarding the creditworthiness of the corresponding issuer and sovereign, the strength of the legal (or contractual) framework and the quality of the cover pool serving as collateral. This monograph provides a structured in-depth analysis of the legal framework and the risks inherent in a Pfandbrief, taking into consideration recent market developments. Starting from the legal framework, the German Pfandbrief is introduced without requiring prior knowledge. Covered bond related risks are explained in detail and their relevance to the Pfandbrief is thoroughly discussed with focus on the two most common Pfandbrief types, mortgage and public Pfandbriefe. In addition to that, the monograph comes with an extensive collection of Pfandbrief-related literature and a glossary explaining the main technical terms.

Author : Frank J. Fabozzi,Moorad Choudhry
Publisher : John Wiley & Sons
Page : 1026 pages
File Size : 44,8 Mb
Release : 2004-02-03
Category : Business & Economics
ISBN : 9780471649519

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The Handbook of European Fixed Income Securities by Frank J. Fabozzi,Moorad Choudhry Pdf

A well-rounded guide for those interested in European financial markets With the advent of the euro and formation of the European Union, financial markets on this continent are slowly beginning to gain momentum. Individuals searching for information on these markets have come up empty-until now. The Handbook of European Fixed Income Markets is the first book written on this burgeoning market. It contains extensive, in-depth coverage of every aspect of the current European fixed income markets and their derivatives. This comprehensive resource includes both a qualitative approach to products, conventions, and institutions as well as quantitative coverage of valuation and analysis of each instrument. The Handbook of European Fixed Income Markets introduces readers to developed markets such as the U.K., France, Germany, Italy, Spain, and Holland, as well as emerging markets in Eastern Europe. Government and corporate bond market instruments and institutions are also discussed. U.S.-based investors, researchers, and academics as well as students and financial professionals in other parts of the world will all turn to this book for complete and accurate information on European financial instruments and markets. Frank J. Fabozzi (New Hope, PA) is a financial consultant, the Editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University's School of Management. Moorad Choudhry (Surrey, UK) is a Vice President with JPMorgan Chase structured finances services in London.

Author : Ronald Scheinberg
Publisher : Routledge
Page : 542 pages
File Size : 55,7 Mb
Release : 2017-12-12
Category : Business & Economics
ISBN : 9781351364218

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The Commercial Aircraft Finance Handbook by Ronald Scheinberg Pdf

The book offers a comprehensive overview of the multifaceted matters that arise in the process of financing commercial aircraft. It reviews the different topics on a high-level basis, and then explains the terminology used for each particular area of specialization.

Author : Vinod Kothari
Publisher : John Wiley & Sons
Page : 1025 pages
File Size : 49,5 Mb
Release : 2006-06-16
Category : Business & Economics
ISBN : 9780470821954

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Securitization by Vinod Kothari Pdf

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.

Author : Anonim
Publisher : PediaPress
Page : 1295 pages
File Size : 53,9 Mb
Release : 2024-06-11
Category : Electronic
ISBN : 8210379456XXX

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Derivatives by Anonim Pdf

Author : Manuela Spangler
Publisher : Springer
Page : 275 pages
File Size : 54,7 Mb
Release : 2018-10-10
Category : Mathematics
ISBN : 9783658239152

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Modelling German Covered Bonds by Manuela Spangler Pdf

Manuela Spangler deals with the default risk modelling of German covered bonds (Pfandbriefe). Existing credit risk models are not suitable for this purpose as they only consider the creditworthiness of the issuer while product-specific features are not taken into account. The author develops a multi-period simulation-based Pfandbrief model which adequately accounts for the product’s most important characteristics and risks. The model provides a flexible framework for structural analyses and can be easily extended for tailor-made investigations. While the focus of the work is on the specification of the model itself, simulation results from an exemplary model calibration are also discussed. About the Author Manuela Spangler works as a quantitative risk analyst for a large asset management company and holds a PhD in mathematics from the University of Augsburg. Prior to her current position, she worked as a risk manager and financial engineer in the banking and insurance sector for various years.

Author : Manfred Pohl
Publisher : Edward Elgar Publishing
Page : 1334 pages
File Size : 55,7 Mb
Release : 1994-01-01
Category : Business & Economics
ISBN : 1781954216

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Handbook on the History of European Banks by Manfred Pohl Pdf

Analyse: Banque cantonale vaudoise: p. 1072-1078.

Author : Henri B. Meier,John E. Marthinsen,Pascal A. Gantenbein,Samuel S. Weber
Publisher : Springer Nature
Page : 639 pages
File Size : 49,5 Mb
Release : 2023-04-01
Category : Business & Economics
ISBN : 9783031231940

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Swiss Finance by Henri B. Meier,John E. Marthinsen,Pascal A. Gantenbein,Samuel S. Weber Pdf

How could a small country in the middle of Europe, surrounded by much bigger countries and economic giants like Germany and France and in direct competition with North American and Asian rivals, develop world-class, cutting-edge financial markets? Swiss Finance answers this question, separating myth from reality, by explaining how Switzerland managed dramatic pressures brought to bear on its financial markets during the past two decades, perhaps none of them so great as the: · Competitive challenges caused by changes in Switzerland's banking secrecy laws and practices, · Shifting tide of new wealth generation toward Asia (e.g., China, Singapore, and South Korea), · Burdensome federal stamp and withholding taxes, and · Digitalization of the financial services industry, including cybersecurity, cryptocurrencies, smart contracts, central bank digital currencies, the FinTech revolution, and DLT applications. Swiss Finance thoroughly analyzes Swiss financial markets’ successes and challenges. It covers critical topics for practitioners and academics to fully understand this unique development in world financial markets and private wealth administration.

Author : Jens Lunde,Christine Whitehead
Publisher : John Wiley & Sons
Page : 488 pages
File Size : 47,7 Mb
Release : 2016-01-08
Category : Business & Economics
ISBN : 9781118929445

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Milestones in European Housing Finance by Jens Lunde,Christine Whitehead Pdf

This book provides evidence on how housing finance markets developed across Europe. The objective of the text is to bring together up to date material from across Europe which will help to clarify (i) how national housing finance markets have dealt with the challenges of deregulation and privatisation since the 1980s,(ii) how the financial crisis has impacted on the structure of the industry and the range of financial instruments available, (iii) how governments and the EU have responded to increasing risks and higher indebtedness in most West European countries and the need to grow new finance markets in Eastern Europe, and (iv) how changing housing finance markets impact on the capacity to provide adequate affordable housing into the future.

Author : Frank J. Fabozzi
Publisher : John Wiley & Sons
Page : 868 pages
File Size : 50,8 Mb
Release : 2008-11-03
Category : Business & Economics
ISBN : 9780470391075

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Handbook of Finance, Financial Markets and Instruments by Frank J. Fabozzi Pdf

Volume I: Financial Markets and Instruments skillfully covers the general characteristics of different asset classes, derivative instruments, the markets in which financial instruments trade, and the players in those markets. It also addresses the role of financial markets in an economy, the structure and organization of financial markets, the efficiency of markets, and the determinants of asset pricing and interest rates. Incorporating timely research and in-depth analysis, the Handbook of Finance is a comprehensive 3-Volume Set that covers both established and cutting-edge theories and developments in finance and investing. Other volumes in the set: Handbook of Finance Volume II: Investment Management and Financial Management and Handbook of Finance Volume III: Valuation, Financial Modeling, and Quantitative Tools.

Author : Amanda D. Johnson
Publisher : WorldTrade Executive, Inc.
Page : 208 pages
File Size : 49,9 Mb
Release : 2005-05
Category : Business & Economics
ISBN : 1893323722

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Special Report on Securitization in Europe: 2005 by Amanda D. Johnson Pdf

Improve your firm's European structured finance operations with this in-depth analysis of the most popular structured finance instruments in use today, including collateralized debt, mortgage-backed securities, as well as whole-business and synthetic securitizations. You'll find how others have found the greatest successes in the European market, which is equivalent in maturity and scope to those of North America. You'll get specific practical insight you can use right away, like how to take advantage of regional legal structures that make it possible to develop structures and add features not possible in other regions.

Author : Jonathan A. Batten,Thomas A. Fetherston,Peter G. Szilagyi
Publisher : John Wiley & Sons
Page : 504 pages
File Size : 41,8 Mb
Release : 2004-04-21
Category : Business & Economics
ISBN : 9780470092873

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European Fixed Income Markets by Jonathan A. Batten,Thomas A. Fetherston,Peter G. Szilagyi Pdf

The introduction of the euro in 1999 cast a new focus on the financial markets of constituent euro-zone countries, which have subsequently emerged with the second largest bond market in the world. This new book offers in depth insights and advice for any practitioner in the European fixed-income and ancillary derivative markets, and includes in-depth analysis of euro and non-euro markets as well as emerging countries.

Author : Jan Job de Vries Robbé,Paul A. U. Ali
Publisher : Kluwer Law International B.V.
Page : 378 pages
File Size : 52,7 Mb
Release : 2006-01-01
Category : Law
ISBN : 9789041125330

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Innovations in Securitisation Yearbook 2006 by Jan Job de Vries Robbé,Paul A. U. Ali Pdf

Despite fears that regulators around the world would act to curtail securitisation severely in the aftermath of the collapse of Enron, WorldCom, and Parmalat, the securitisation industry has witnessed what can only be described as relentless innovation. Securisation remains one of the most important means for financial institutions to diversify their funding, transfer credit risk and manage solvency requirements. This volume, the second in a series focusing on the latest innovations in the global securitisation industry, provides advisers with detailed guidance on key structural and legal issues of innovative securitisations, as well as describing the most recent developments in the accounting and risk-capital treatment of securitisation transactions. The contributors represent a wide range of expert participants in the design, execution, and regulation of securitisation transactions. Among the critical features of contemporary securitisation covered are the following: project finance CLOs; securitisation of equity risk; securitisation of commodity risk through commodity trigger swaps; the convergence of structured credit and securitisation markets; innovation in RMBS: negative equity transactions; innovation in CMBS: A/B structure new markets in Europe, Japan, and Islamic countries; catastrophe risk securitisation; effect of recent US bankruptcy legislation on synthetics; microfinance loan securitisation in emerging markets; public sector securitisation; securitisable intellectual property; application of accounting standards in a rapidly changing environment, and updated analysis of Basel II. The practical perspective of the contributions, combined with the extensive use of case studies of key transactions, should make this volume an invaluable resource for lawyers as well as legal and business academics interested in the very latest developments in the global securitisation markets.

Author : Tobias Just,Wolfgang Maennig
Publisher : Springer Science & Business Media
Page : 409 pages
File Size : 45,5 Mb
Release : 2012-01-03
Category : Business & Economics
ISBN : 9783642236112

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Understanding German Real Estate Markets by Tobias Just,Wolfgang Maennig Pdf

Real estate is the biggest real asset class in an economy, and Germany is the biggest economy in Europe. This implies opportunities as well as specific risks for investors and policy makers. As the German real estate markets have by and large been spared severe disruptions in the course of the economic crisis, many questions arise for investors and academics alike. What are the key institutional characteristics of the German real estate markets that make it different? What are the short and long-term drivers of demand and supply? Which regional and functional market segments are most likely to outperform in the next few years? What are the most important pitfalls for investors in Germany? This book gives answers to these and many more questions. The editors have invited a broad range of extensively knowledgeable practitioners and academics from across the relevant real estate spectrum, i.e. economic, legal, tax, planning and financing issues, to express their views. There is no better English publication that gives such a profound and simultaneously entertaining overview of Germany’s real estate markets.