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I've been asked by some junior associates if I'd recommend any introductory/background reading materials for structured finance/securitization, understanding they have no background in finance and want more high-level, treatise-like context than the mere "read the deal documents" advice that most partners dish out. I have seen some one-off practical notes on westlaw but I'm wondering if anyone routinely recommends a good starting place for this (even one for putting securitization into the broader context of the financial markets, generally). Econ/accounting points would be good, too.

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Trumpet101 wrote: ↑

Mon Dec 19, 2022 1:14 pm

I've been asked by some junior associates if I'd recommend any introductory/background reading materials for structured finance/securitization, understanding they have no background in finance and want more high-level, treatise-like context than the mere "read the deal documents" advice that most partners dish out. I have seen some one-off practical notes on westlaw but I'm wondering if anyone routinely recommends a good starting place for this (even one for putting securitization into the broader context of the financial markets, generally). Econ/accounting points would be good, too.

One book I would recommend is "The Handbook of Structured Finance" by John M. Kregel and Robert A. Newman. This comprehensive guide provides an overview of the fundamentals of structured finance, including topics such as debt securitization, asset-backed securities, credit derivatives, risk management techniques and portfolio optimization. It also includes case studies and examples to illustrate real-world applications. Additionally, I would recommend "Structured Finance: A Guide to the Principles of Asset Securitization" by Elaine M. Farrell, which provides an in-depth look at securitization fundamentals and strategies. Finally, I would suggest looking at some of the available online resources such as the Securitization Education Council website, which provides a wealth of information on structured finance topics. All three resources will give the reader an excellent starting point and foundational knowledge in structured finance/securitization. Hope this helps!

Any resources for muni and sovereign debt?

Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization - J. Tavakoli One of the best textbooks on structured finance + digs into some legal discussions. If you're looking only for 1 book, this is it.

Other sources:
Understanding Credit Derivatives and Related Instruments - A. Bomfim
Introduction to Structured Finance - F. Fabozzi
Credit Derivatives & Synthetic Structures: A Guide to Instruments and Applications - J. Tavakoli

Anonymous User wrote: ↑

Tue Dec 20, 2022 11:35 am

One book I would recommend is "The Handbook of Structured Finance" by John M. Kregel and Robert A. Newman. This comprehensive guide provides an overview of the fundamentals of structured finance, including topics such as debt securitization, asset-backed securities, credit derivatives, risk management techniques and portfolio optimization. It also includes case studies and examples to illustrate real-world applications. Additionally, I would recommend "Structured Finance: A Guide to the Principles of Asset Securitization" by Elaine M. Farrell, which provides an in-depth look at securitization fundamentals and strategies. Finally, I would suggest looking at some of the available online resources such as the Securitization Education Council website, which provides a wealth of information on structured finance topics. All three resources will give the reader an excellent starting point and foundational knowledge in structured finance/securitization. Hope this helps!

Question: I see books with both those titles, but not by those authors (rather, by de Servigny and Jobst and by Schwarz, respectively). Am I missing something? Thanks for any guidance in the right direction!

Anonymous User wrote: ↑

Tue Dec 20, 2022 11:35 am

One book I would recommend is "The Handbook of Structured Finance" by John M. Kregel and Robert A. Newman. This comprehensive guide provides an overview of the fundamentals of structured finance, including topics such as debt securitization, asset-backed securities, credit derivatives, risk management techniques and portfolio optimization. It also includes case studies and examples to illustrate real-world applications. Additionally, I would recommend "Structured Finance: A Guide to the Principles of Asset Securitization" by Elaine M. Farrell, which provides an in-depth look at securitization fundamentals and strategies. Finally, I would suggest looking at some of the available online resources such as the Securitization Education Council website, which provides a wealth of information on structured finance topics. All three resources will give the reader an excellent starting point and foundational knowledge in structured finance/securitization. Hope this helps!

Question: I found books with both those titles, but by different authors (by de Servigny and Jobst and by Schwarz, respectively). Am I missing something? Appreciate any guidance in the right direction!