Financial Law and Risk Control
The Alchemy of Asset Securitization
Steven L. Schwarcz
- Year
- 1994
- Venue
- Stanford Journal of Law, Business & Finance
- Level
- Advanced
Summary
Explains how securitization transforms pools of receivables into marketable securities through bankruptcy remoteness, credit enhancement, and risk allocation. The article is a transactional foundation for analyzing structured finance.
Citation
Steven L. Schwarcz. "The Alchemy of Asset Securitization." Stanford Journal of Law, Business & Finance, 1994.
BibTeX
@article{Schwarcz1994The,
title = {The Alchemy of Asset Securitization},
author = {Steven L. Schwarcz},
year = {1994},
journal = {Stanford Journal of Law, Business & Finance},
url = {https://scholarship.law.duke.edu/faculty_scholarship/988/}
}