SECURITIZATION OF THE BANKERS ACCEPTANCE MARKET

Abstract

This paper discusses recent developments in asset‐backed financing and proposes a method for securitizing the bankers' acceptance market. It then derives a model for the pricing of these securitized bankers' acceptances (SECBAs) incorporating a random arrival and maturity process. The paper concludes with a discussion of institutional factors and alternative methods for implementing our proposal.

Citation

Klügel, K.F., White, M.A. and Osborne, R.M. (1997), "SECURITIZATION OF THE BANKERS ACCEPTANCE MARKET", International Journal of Commerce and Management, Vol. 7 No. 3/4, pp. 6-17. https://doi.org/10.1108/eb047353