SECURITIZATION OF THE BANKERS ACCEPTANCE MARKET
International Journal of Commerce and Management
ISSN: 1056-9219
Article publication date: 1 March 1997
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
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited