A Primer on Structured Finance

Journal of Derivatives and Hedge Funds, Vol. 13, No. 3

ICFAI Journal of Risk Management, 2007

21 Pages Posted: 2 Nov 2005 Last revised: 16 Jun 2016

Abstract

Regulatory concerns about the impact of structured claims on financial stability in times of stress are frequently too sweeping and indistinct for a judicious assessment of how structured finance transactions might propagate asset shocks across different capital market segments. This brief chapter defines structured finance in order to inform a more specific debate about possible regulatory challenges posed by complex forms of credit risk transfer.

Note: Parts of the article were previously published in "What is Structured Finance?," Securitization Conduit, Vol. 8, 2005/6.

Keywords: structured finance, credit risk transfer, asset-backed securitization (ABS), securitization, mortgage-backed securitization (MBS), collateralized debt obligation (CDO), credit default swap (CDS)

JEL Classification: D81, G15, M20

Suggested Citation

Jobst, Andreas A., A Primer on Structured Finance. Journal of Derivatives and Hedge Funds, Vol. 13, No. 3, ICFAI Journal of Risk Management, 2007, Available at SSRN: https://ssrn.com/abstract=832184 or http://dx.doi.org/10.2139/ssrn.832184

Andreas A. Jobst (Contact Author)

Central Bank of the UAE ( email )

Abu Dhabi, Abu Dhabi
United Arab Emirates
+971-543439374 (Phone)

HOME PAGE: http://https://www.linkedin.com/in/andyjobst/