2008•Handbook of FinanceRequires access
Structured Finance
Frank J. Fabozzi, Henry A. Davis, Moorad Choudhry
Open publisher page 1 citations
Abstract
Structured finance is a broad field such that not everyone agrees on how it is defined and where the boundaries are. Structured finance should include securitization, leasing, project finance, and complex financing transactions. While derivative contracts alone do not in themselves constitute structured finance, the use of derivatives is one of the features that distinguish large structured financings. Derivatives and securitization are the most fundamental building blocks of structured finance.