Asset Backed Securities - A solution for financial management in International Corporates?

A solution for financial management in International Corporates?

Business & Finance, Finance & Investing, Finance
Cover of the book Asset Backed Securities - A solution for financial management in International Corporates? by Gina Slabke, Carsten Albrecht, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Gina Slabke, Carsten Albrecht ISBN: 9783638002004
Publisher: GRIN Publishing Publication: February 8, 2008
Imprint: GRIN Publishing Language: English
Author: Gina Slabke, Carsten Albrecht
ISBN: 9783638002004
Publisher: GRIN Publishing
Publication: February 8, 2008
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2007 in the subject Business economics - Investment and Finance, grade: 1,5, Berlin School of Economics, course: Global Finance, 11 entries in the bibliography, language: English, abstract: Almost all companies do have an effective portfolio management nowa-days. Nevertheless, it is not unusual for companies to have very high values in receivables. Especially for companies with a turnover of more than 100 million EUR, the receivables grow to a value of 10 million EUR or more. This capital is usually unavailable for the company and may become available using Asset Securitisation to refinance the receivables. Nowadays, Securization is exercised in many branches, but the focus of this paper should be on ABS-projects with banks. The influence of Basel II on the behaviour of credit institutions further reinforces the importance of Asset Securitisation as a tool for companies to improve capital costs and the balance sheet rations. This again has implications for the rating of enterprises. Due to the growing interest in Asset Securitisation, a lot of research has been done by the European financial institutions. ABS might be designed in many different variants. To consider all of them, a realistic volume of this work would be exceeded. Target of this paper is to give an overview about the function of ABS and the affiliated possibilities and chances to use them in practice. In the first part of this paper, the question of definition and of the basic structure of Asset Backed Securities will be examined. Furthermore, the requirements for an Asset Securitisation in respect to the portfolio of as-sets will be explained. The second part is concerned with a detailed outline of the two groups of ABS, namely True Sale and Synthetic Sale and the allied key role of the KfW. Thereby, the questions of adding value and benefits for the differ-ent participants within structured finance transactions are examined. In the third part, general facts and figures as well as the advantages and disadvantages from the bank's perspective are regarded. Finally, our conclusion informes about the current situation of the Euro-pean market for securization and ABS and its propable development as a modern financing insrument, especially for banks, in the future.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2007 in the subject Business economics - Investment and Finance, grade: 1,5, Berlin School of Economics, course: Global Finance, 11 entries in the bibliography, language: English, abstract: Almost all companies do have an effective portfolio management nowa-days. Nevertheless, it is not unusual for companies to have very high values in receivables. Especially for companies with a turnover of more than 100 million EUR, the receivables grow to a value of 10 million EUR or more. This capital is usually unavailable for the company and may become available using Asset Securitisation to refinance the receivables. Nowadays, Securization is exercised in many branches, but the focus of this paper should be on ABS-projects with banks. The influence of Basel II on the behaviour of credit institutions further reinforces the importance of Asset Securitisation as a tool for companies to improve capital costs and the balance sheet rations. This again has implications for the rating of enterprises. Due to the growing interest in Asset Securitisation, a lot of research has been done by the European financial institutions. ABS might be designed in many different variants. To consider all of them, a realistic volume of this work would be exceeded. Target of this paper is to give an overview about the function of ABS and the affiliated possibilities and chances to use them in practice. In the first part of this paper, the question of definition and of the basic structure of Asset Backed Securities will be examined. Furthermore, the requirements for an Asset Securitisation in respect to the portfolio of as-sets will be explained. The second part is concerned with a detailed outline of the two groups of ABS, namely True Sale and Synthetic Sale and the allied key role of the KfW. Thereby, the questions of adding value and benefits for the differ-ent participants within structured finance transactions are examined. In the third part, general facts and figures as well as the advantages and disadvantages from the bank's perspective are regarded. Finally, our conclusion informes about the current situation of the Euro-pean market for securization and ABS and its propable development as a modern financing insrument, especially for banks, in the future.

More books from GRIN Publishing

Cover of the book English Loanwords in the Japanese Language by Gina Slabke, Carsten Albrecht
Cover of the book Emotional Intelligence, Academic Intelligence and Speed of Mind: The Case of Emotion Perception by Gina Slabke, Carsten Albrecht
Cover of the book Business relationships in China and Guanxi by Gina Slabke, Carsten Albrecht
Cover of the book Word Order Strategies of Standard Chinese: An Analysis in Regard to Temporal Sequence by Gina Slabke, Carsten Albrecht
Cover of the book Corporate Social Responsibility of Fraport AG by Gina Slabke, Carsten Albrecht
Cover of the book The russian economy under Putin by Gina Slabke, Carsten Albrecht
Cover of the book How to put on a play in class by Gina Slabke, Carsten Albrecht
Cover of the book EVA as the best financial performance measure: the theory of reality by Gina Slabke, Carsten Albrecht
Cover of the book Voting of the Macedonian Diaspora in the Parliamentary Elections in Republic of Macedonia by Gina Slabke, Carsten Albrecht
Cover of the book R.B. Sheridan's 'A School For Scandal': a play in a colonial context by Gina Slabke, Carsten Albrecht
Cover of the book Governance and Development by Gina Slabke, Carsten Albrecht
Cover of the book The Essence of Jazz - A Composer's View by Gina Slabke, Carsten Albrecht
Cover of the book To what extent do you agree with those who argue that the UK should join the European Monetary Union (EMU)? by Gina Slabke, Carsten Albrecht
Cover of the book Work Stress. Why Organisations should focus on it and provide effective examples by Gina Slabke, Carsten Albrecht
Cover of the book The Influence of the new russian currency law FZ ¹173 on western Creditors: avoiding risks when doing Business with Russia by Gina Slabke, Carsten Albrecht
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy