The Elements of Structured Finance

This is the first book to systematically cover structured finance in a textbook designed for both professionals and students, even though the practice is over twenty years old and has become a ubiquitous element of modern financial management. Derived from a program of instruction that the authors have offered at universities, private training programs, and consultancies, this book will fill the void spectacularly. Divided into two parts, the book begins with relatively simple concepts and later takes the reader through the more esoteric features of dynamic risk analysis, thus serving as both an excellent introduction for the beginner and an essential reference for the professional.