4、Ch4AssetSecuritizations技术总结.pptxVIP

Investment Banking;;SAYINGS;;U.S. Securitizations;Overview;Overview;;;Structure of Securitizations;;;;;;Principles of Securitization;Process of Securitization;Credit Enhancement;资产证券化的类型（一）;资产证券化的类型（二）;资产证券化的类型（三）;资产证券化的类型（四）;MBS;Structure of Securitizations;;History in U.S.;History in U.S.;Mortgage-backed Securities;;;Agency Pass-through Securities;Agency Pass-through Securities;Agency Pass-through Securities;Agency Pass-through Securities;Collateral Mortgage Obligations;Collateral Mortgage Obligations;Collateral Mortgage Obligations;Collateral Mortgage Obligations;Stripped Mortgage-backed Securities;Principle-Only?Class, PO PO security is purchased at a substantial discount from par value. The yield depends on the speed at which prepayments are made. The faster, the higher. The price of PO rises when interest rates decline and falls when interest rates rise.;Stripped Mortgage-backed Securities;Non-agency MBS;Subprime MBS Meltdown;Subprime MBS Meltdown;Subprime MBS Meltdown;2006年美国九大次级贷款机构的市场份额及发放渠道;Subprime MBS Meltdown;Subprime MBS Meltdown;美国优级贷款到期未付率;美国次级贷款到期未付率;次贷危机对两房的冲击;次贷危机对两房的冲击;次贷危机对两房的冲击;次贷危机对两房的冲击;次贷危机对两房的冲击;;;次贷危机对投资银行的影响;次贷危机对投资银行的影响;ABS;Exceptional Dental Equipment;;Collateral Types and Securitization Structure;Major Non-mortgage-related ABS;2015;Credit Risks of ABS;Credit Risks of ABS;Credit Risks of ABS;Asset-backed Securities;Collateralized Debt Obligations;Category of CDOs;Economics of An Arbitrage CDO Transactions;;Arbitrage CDO Transactions;;Credit Default Swap, CDS;Credit Default Swap, CDS;Credit Default Swap, CDS;Credit Default Swap, CDS;Credit Default Swap, CDS;Amherst的案例;中国的资产证券化;银行不良资产证券化;银行不良资产证券化;银行不良资产证券化;基础设施收费证券化;基础设施收费证券化;基础设施收费证券化;出口贸易应收款证券化;出口贸易应收款证券化;住房抵押贷款证券化;住房抵押贷款证券化;政策与监管;政策与监管;政策与监管;政策与监管;;;