An upgrade of the lending sector of Ghana requires modern and improved met of banking. Securitization is one of the modern processes used to leverage on lending in many banking sectors. The aim of the study was to assess the readiness and preparedness of the banking industry of Ghana towards the adoption of securitization. The study involved a survey and a quantitative research design in which ...

Over many years, securitization has proven to be an expedient and highly flexible refinancing tool for corporates and public sector entities that seek a more accurate capital-market based valuation of asset performance. After successful securitization by public sector entities in advanced countries, also sovereigns in emerging economies are becoming adept at securitization as an efficient means...

As a means of financing, the scope of asset securitization that had been applied should be very extensive. But Polyclinic Asset Securitization as a means of financing is very rare in china. At present, the fund of polyclinic is insufficient. On a certain extent, the development of the medical and health care had been hindered. In order to raise medical funds through multiple channels, Asset Sec...

Whole business securitization, a transaction structure developed in England, has been used in Malaysia and is being considered for use in Hong Kong and Singapore. How does the structure add value? The answer is not obvious. Whole business securitization is, as the name implies, securitization of the whole business. Why are the structuring expenditures over and above those that would be incurred...

In this paper, I ask whether securitization really contributes to better risksharing. To do this, I first propose an outcome-based formalization of the concept of market discipline. Then, I compare securitization, which consist of the transfer of risk from existing loans, with other mechanisms that differ in the timing of risk-transfer. I find that, for securitization to be an efficient risk-sh...

We investigate differences in the characteristics and performance of securitized loans versus loans held on lenders’ balance sheets using a unique data set of commercial mort­ gages. The main findings are as follows. First, consistent with risk-sharing being a likely reason for securitization, loan size strongly predicts the likelihood of securiti­ zation. The largest 10% of loans have a 44% ch...

This paper investigates credit supply endogeneity in the Italian environment from 1999 to 2009. The study aims to shed more light on the relationship between securitization and the Italian monetary transmission mechanism during the two most recent financial crashes: the dot-com bubble burst (1998-1999) and the subprime mortgage crisis (2008-2009). Recently many works are focused on how securiti...

We study the optimal loan securitization policy of a commercial bank which is mainly engaged in lending activities. For this we propose a stylized dynamic model which contains the main features affecting the securitization decision. In line with reality we assume that there are non-negligible fixed and variable transaction costs associated with each securitization. The fixed transaction costs l...

China’s real estate market develops fast. And the demand for housing mortgage is increasing at the same time. However, because of its long period and poor liquidity, the increasing personal housing mortgage will inevitably add more risks for commercial banks in their asset-debt management. It is a must to apply the housing mortgage-backed securitization. This paper discusses the development of ...

This paper explains securitization of insurance risk by describing its essential components and its economic rationale. We use examples and describe recent securitization transactions. We explore the key ideas without abstract mathematics. Insurance-based securitizations improve opportunities for all investors. Relative to traditional reinsurance, securitizations provide larger amounts of cover...