{"product_id":"structured-finance-9781119371106","title":"Structured Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eComprehensive coverage of all major structured finance transactions    Structured Finance offers a robust core text for undergraduate students in business, economics, management, and finance.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xix\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eA Brief History of Structured Finance 1\u003c\/p\u003e \u003cp\u003eDefining Structured Finance 4\u003c\/p\u003e \u003cp\u003eWhy was Structured Finance Set Up? 6\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I Leveraged Buyout (LBO) 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 What is an LBO? 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 The Main Features of an LBO 15\u003c\/p\u003e \u003cp\u003e1.2 A Three-step Leverage 17\u003c\/p\u003e \u003cp\u003eCase Study 1: The Harley-Davidson LBO (1981-1986) 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 The Different Stakeholders 26\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 The Target Company 26\u003c\/p\u003e \u003cp\u003e2.2 Buyers 35\u003c\/p\u003e \u003cp\u003e2.3 Lenders 40\u003c\/p\u003e \u003cp\u003eCase Study 2: Michael Milken and the Birth of the High-Yield Bond Market 47\u003c\/p\u003e \u003cp\u003eCase Study 3: Malcolm Glazer and the Manchester United LBO 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 The LBO Process 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 The Sale Process 63\u003c\/p\u003e \u003cp\u003e3.2 Exit Strategies 72\u003c\/p\u003e \u003cp\u003e3.3 LBO and Private Equity 77\u003c\/p\u003e \u003cp\u003eCase Study 4: Hilton Hotels LBO, the Most Profitable Private Equity Deal Ever 85\u003c\/p\u003e \u003cp\u003eSummary LBOs: What Have We Learnt? 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II Project Finance 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 The ABC of Project Finance 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Definition 97\u003c\/p\u003e \u003cp\u003e4.2 Why Choose a Project Finance Structure 99\u003c\/p\u003e \u003cp\u003e4.3 Constraints of the Project Finance Structure 103\u003c\/p\u003e \u003cp\u003e4.4 How to Choose between Corporate and Project Financing 103\u003c\/p\u003e \u003cp\u003eCase Study 5: The Construction of the Eiffel Tower 105\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 The Main Parties to Project Financing 110\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Different Types of Projects 110\u003c\/p\u003e \u003cp\u003e5.2 Sponsors 117\u003c\/p\u003e \u003cp\u003e5.3 Lenders 127\u003c\/p\u003e \u003cp\u003e5.4 The Role of Public Authorities 140\u003c\/p\u003e \u003cp\u003eCase Study 6: The Near Bankruptcy of Disneyland Paris 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Project Finance Structuring 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Preliminary Analysis of the Project 149\u003c\/p\u003e \u003cp\u003e6.2 Project Finance Legal Structure 156\u003c\/p\u003e \u003cp\u003e6.3 Financial Structure 166\u003c\/p\u003e \u003cp\u003eSummary Project Finance: What Have We Learnt? 173\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART III Asset Finance 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Definition of Asset Finance 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 The Scope of Asset Finance 177\u003c\/p\u003e \u003cp\u003e7.2 How to Finance Assets 178\u003c\/p\u003e \u003cp\u003eCase Study 7: Richard Branson and the Beginnings of Virgin Atlantic 196\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 The Stakeholders 200\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Clients 200\u003c\/p\u003e \u003cp\u003e8.2 Lessors 210\u003c\/p\u003e \u003cp\u003e8.3 Lenders 222\u003c\/p\u003e \u003cp\u003eCase Study 8: The Rise and Fall of GPA Group, the First Giant Aircraft Leasing Company 230\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Behind the Scenes 238\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Inside a Leasing Company 238\u003c\/p\u003e \u003cp\u003e9.2 Legal Considerations 243\u003c\/p\u003e \u003cp\u003e9.3 The Dynamics of Leasing Markets 250\u003c\/p\u003e \u003cp\u003eSummary Asset Finance: What Have We Learnt? 254\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART IV Securitization 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 The Securitization Process 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Transforming Illiquid Assets into Liquid Securities 257\u003c\/p\u003e \u003cp\u003e10.2 Tranching of Securities 258\u003c\/p\u003e \u003cp\u003eCase Study 9: The Securitization of David Bowie's Intellectual Property Rights 264\u003c\/p\u003e \u003cp\u003eCase Study 10: What is a Covered Bond? 267\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 The Different Stakeholders 272\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Borrowers 272\u003c\/p\u003e \u003cp\u003e11.2 The Originator 274\u003c\/p\u003e \u003cp\u003e11.3 Around the SPV: The Transaction's Life 276\u003c\/p\u003e \u003cp\u003e11.4 The Investors 280\u003c\/p\u003e \u003cp\u003eCase Study 11: The Subprime Crisis 285\u003c\/p\u003e \u003cp\u003eCase Study 12: Michael Burry's Big Short 294\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Structuring a Securitization 299\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Composition of the Collateral 299\u003c\/p\u003e \u003cp\u003e12.2 Managed Transactions 302\u003c\/p\u003e \u003cp\u003e12.3 Additional Structuring Considerations 311\u003c\/p\u003e \u003cp\u003eCase Study 13: Whole Business Securitization 324\u003c\/p\u003e \u003cp\u003eSummary Securitization: What Have We Learnt? 327\u003c\/p\u003e \u003cp\u003eConclusion 329\u003c\/p\u003e \u003cp\u003eStructured Finance: What Have We Learnt? 329\u003c\/p\u003e \u003cp\u003eA Comparison of Various Types of Structured Finance 330\u003c\/p\u003e \u003cp\u003eWhat is the Future for Structured Finance? 332\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A How Banks Set Interest Rates 336\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B Syndication and Club Deals 341\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix C Credit Derivatives 347\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBibliography 350\u003c\/p\u003e \u003cp\u003eAcknowledgments 354\u003c\/p\u003e \u003cp\u003eIndex 357\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866393686359,"sku":"9781119371106","price":39.9,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119371106.jpg?v=1722278440","url":"https:\/\/bookcurl.com\/products\/structured-finance-9781119371106","provider":"Book Curl","version":"1.0","type":"link"}