We study the optimal loan securitization policy of a commercial bank which is mainly engaged in lending activities. For … this we propose a stylized dynamic model which contains the main features affecting the securitization decision. In line … securitization. The fixed transaction costs lead to a formulation of the optimization problem in an impulse control framework. We …

The Instituto para el Depósito de Valores (INDEVAL) is the Central Securities Depository of Mexico. It is the only …, clearing, settlement and transfer of securities. In this article, we report the modeling, simulation and analysis of a new … Securities Settlement System (SSS) implemented by INDEVAL, as part of a project for the implementation of a safer and more …