Development Financing during a Crisis : Securitization of Future Receivables

Development Financing during a Crisis : Securitization of Future Receivables

Mexico's Telmex undertook the first future-flow securitization transaction in 1987. From then through 1999, the principal credit rating agencies rated more than 200 transactions totaling $47.3 billion. Studying several sources, the authors dra...

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Bibliographic Details
Main Authors:	Ketkar, Suhas, Ratha, Dilip
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING ASSET BACKED SECURITIES ASSET SECURITIZATION ASSETS BALANCE SHEET BANK DEPOSITS BANKRUPTCY BANKRUPTCY LAWS BANKRUPTCY PROCEDURES BOND BONDS BORROWING BORROWING COSTS CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKETS COLLATERAL COLLATERALIZATION COMMERCIAL BANKS COMMERCIAL LOANS COMMODITIES COMPOUNDING COST SAVINGS CREDIT RATING AGENCIES CREDIT RISK CURRENCY DEVALUATION DEBT DEBT RESTRUCTURING DEBT SERVICING DEVELOPMENT FINANCE DEVELOPMENT FINANCING DISCLOSURE DOMESTIC CAPITAL MARKETS ELASTICITY OF DEMAND EMERGING MARKETS EQUITY CAPITAL EXPLOITATION EXTERNALITIES FINANCIAL CRISES FINANCIAL INFORMATION FINANCIAL SUPPORT FIXED COSTS FLOATING RATE NOTES FOREIGN CURRENCY FUELS GLOBAL CAPITAL GLOBAL MARKETS HARD CURRENCY INCOME INSURANCE INSURANCE COMPANIES INTEREST COSTS INTEREST PAYMENTS INTEREST RATES INTERNATIONAL INVESTORS INVESTMENT BANKERS INVESTMENT BANKING INVESTMENT BANKS INVESTMENT CLIMATE INVESTMENT PROJECTS INVESTOR CONFIDENCE ISSUERS LATIN AMERICAN LAWS LEGAL PROVISIONS LIQUIDATION LIQUIDITY LITIGATION LOCAL CAPITAL MARKETS LOCAL CURRENCY LONDON CLUB MATURITY METALS OFFERINGS OIL POLICY MAKERS PRIVATE DEBT PRIVATE PLACEMENT PROPERTY RIGHTS PUBLIC POLICY RETURN ON EQUITY RISK MANAGEMENT ROYALTIES SANCTIONS SECURED DEBT SECURITIES SETTLEMENT SOVEREIGN RISK TAX REVENUE TAX REVENUES TAX SHARING TRADE FINANCE TRADE FLOWS TRANSACTION COSTS WILLINGNESS TO ACCEPT
Online Access:	http://documents.worldbank.org/curated/en/2001/04/5392498/development-financing-during-crisis-securitization-future-receivables http://hdl.handle.net/10986/19672

Internet

http://documents.worldbank.org/curated/en/2001/04/5392498/development-financing-during-crisis-securitization-future-receivables
http://hdl.handle.net/10986/19672