22 Pages Posted: 5 Dec 2005
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.
Suggested Citation: Suggested Citation
Schwarcz, Steven L., The Alchemy of Asset Securitization. Stanford Journal of Law, Business, and Finance, Vol. 1, p. 133, 1994. Available at SSRN: https://ssrn.com/abstract=868520