The Alchemy of Asset Securitization
Steven L. Schwarcz
Duke University - School of Law
Stanford Journal of Law, Business, and Finance, Vol. 1, p. 133, 1994
This article explains asset securitization and shows how companies can use it to gain direct and indirect benefits. More importantly, this article demonstrates that securitization can enable certain companies to achieve a genuine reduction in financing costs by providing access to lower cost capital market funding. This article also explores potential innovative uses of this financing technique.
Number of Pages in PDF File: 22Accepted Paper Series
Date posted: December 5, 2005
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