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Asset Backed Securitization (ABS) is a relatively new financial instrument in Singapore's capital market, which has been accepted by developers (originators) as an alternative source of financing. Credit assessment and rating requirements have not been imposed on the ABS bond issues. Default...
Persistent link: https://www.econbiz.de/10012786437
Asset-backed securitization (ABS) is a creative arrangement to raise funds through the issuance of marketable securities backed by predictable future cash flows from revenue-producing assets. This paper proposes two pricing models: structural model and intensity model, to value credit spreads on...
Persistent link: https://www.econbiz.de/10005060205
Persistent link: https://www.econbiz.de/10009984213
Asset backed securities have been promoted as an important financing instrument for property developers to raise capital in Singapore. In 1999 alone, $41.92 billion worth of bonds have been issued via the securitization of six commercial properties and one residential condominium project under...
Persistent link: https://www.econbiz.de/10012786784
The hedonic-based regression approach has been utilised extensively to investigate th relationship between house prices and housing characteristics. However, this approach is subject t criticisms arising from potential problems relating to fundamental model assumptions an estimation such as the...
Persistent link: https://www.econbiz.de/10010885880
Persistent link: https://www.econbiz.de/10009978454
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The right of lenders to request for top-ups of negative equity when the property value falls below the loan outstanding is a little known, yet widely adopted provision in mortgage documents in many Asian markets. We analyze the effect of the top-up option by appealing to a contingent claim...
Persistent link: https://www.econbiz.de/10005060204
Asset backed securities have been promoted as an important financing instrument for property developers to raise capital in Singapore. In 1999 alone, S$1.92 billion worth of bonds have been issued via the securitization of six commercial properties and one residential condominium project under...
Persistent link: https://www.econbiz.de/10005547355
Asset-backed securitization (ABS) is a relatively new financial instrument in Singapore's capital market, which has been accepted by developers (originators) as an alternative source of financing. Credit assessment and rating requirements have not been imposed on the ABS bond issues....
Persistent link: https://www.econbiz.de/10005716811