A fast-track to structured finance: modeling, monitoring and valuation

769

TAGS:

description

 

Transcript of A fast-track to structured finance: modeling, monitoring and valuation

  • 1. 012345678649

2. 7248 6 45 4 5 4 4 4 4 9 3. 012345627849 46746 4. 127 5. 9 6. 94962 2249 7. 012345627849 46746 8. 127 9. 9 10. 94962 2249 !""!#$%&'!(!)* +,-./012345,.678.9: 11. 01234567809 12. 35545584567844 57 317531!"1 1#$%43 57581350 $12481&8752 5!8513 4241!814548453814845885 3&1414 33!8415!!75!27181!123564!1456!5614 1874%5'!28245884!851()14(*1&87( 13. )+,5888012345678 !8%5871858748724514%4588245511&87 5741487145851874167 2381&872241245824-!123&818701234567804!084!.1%11/45/40( 14. 1 15. )*-)2-*3&' 16. )*-+3+-*+14187 8 %%%!12345678!1.488187 574&142455171 48187 4551/248817531!(((.54848"1 1#$)1(-)3*-+((&' (-)3*-+*141587882566%%%%53!1661624551 75581&75 55836/5!541&4483575872 5748714787548&&1485242456875 11#873#1424885114%4485%58742!8 8187!!4!314!1281&87!1881&875 11#2!58!35!53 525%44851&4!78 55831488&142485!42421$1%44833!4814'8 342488514%4588845975! 84865!185745318 58 &1431458851:171!18%587 241&51%7422412458$5874872 5741487147 5 &1431 1&241881431874!14!565!56 818558812!55!58 !14851418746 ;14645&148511141874241!845!148!75!221482 !18!814081404/2488%587587,58888*-)+ - 17. )3185 87,588881()-2) -1 18. 114&'1()-2) -3 5312 5758 11#545831&!8415!&1481!188878224 52458318 5 5!8415! 11# ;14145&14851 1853241!855814 5887882566%%%%53!1 ?@?ABCDBEF?GHHD@I@JBF=EFK=EKLM>J=N@I=BEO@I@P 455855( 19. 2Q &884!#8184!848!15615814568515R2848ST6 554558 2! 0156%587S5T5!225!85166 !5' T$ 20. )*--3)-1 21. *( -*U!187615V (;5!Q012845851 .5#8Q012845851 1;5!Q08785!1305!411&8S5T0 958 9585 84!848!156R2848ST "W(+)3 22. 11 (X2( 23. 2Q!*31(* 458587,58881&45! ( 24. * ) + 2 3 1 ( 25. 01 234561748919 4345815 26. 4 1594 45 1751 15 715547 6 1 ! 94" 4 7547 7# 76$" %&'() *15 ""91441"413459464 58919 34 +,191" ""16151547 11 27. - ./0101%2.'/3'4&&56 28. 01234235 67489 4 29. 13344 34 6 2371 3 12 06 931474921 !"#$%%&'()*+,#-(.&/0-1 2 3")(4'#("#456)/()7#-&89#)'/./7:;4< = 3")(4'#("#>.-)56)/()7#-&89#)'/./7:;4< ? 3")($-)@&5#*< AB 3"C$-@&5#*./7):)*,)D*#EF.**< AG 3")(4'#("#E()7#-&8@&5#*>#-.7/)/5H&/-(',I(.&/< AG J("#'4-K#I(-&8@&5#*./7 GB L#'-K#I(.6#&8!".-;&&F GG E(',I(,'#&8("#;&&F G2 L,((./7("#>#*.6#')D*#-MJ/("#!)'7#(N GO 06P 01QQ124254 PR J6#'6.#S GT >#*.6#')D*#- GT >&U&(V)(4/C("./7;.77#'!")/W&,'X#)5 GT W&,J/*CX,'(("#J/#W&,9&6# G? $(.-JY(&;#Z.7"([,-(>&U&(;#>#)5]Z.7"( G^ Y/&S3"#/(&X&*5_V% 2B U#`(E(#K- 2B 6 44 7 3 a93 12671 455 06 4 7 3 a 2b9c192617381d 1 J6#'6.#S 22 >#*.6#')D*#- 2O 30. 0111 23456457 89 31. 9 9 32. 99 8 ! "9#99$%& 33. & '&9( 34. %& 35. & ) 8& 36. 9 *+&9( '" , -*'"9 37. % 38. &99.9 9/# 39. 09 1!% 2 3#%9 456778699 :;1>=?@;ABC;D EF G854796H I>C;J