Abstract
This chapter gives a brief introduction to the characteristics that various structured finance transactions analyzed in the following chapters have in common. It is worthwhile to consider the entire set of such transactions in order to provide readers with a general framework and to focus attention directly on aspects which characterize each one. After having described the basis of structured transactions, points of divergence with respect to usual corporate lending techniques are presented, highlighting the advantages that can be achieved from realizing a transaction following structured finance logic.
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- 1.
We say in theory because in practice one of the events of default included in the loan agreement is precisely the default of one or more sponsors. If this occurred, it would also have repercussions on the initiative and thus on its creditors.
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Caselli, S., Gatti, S. (2017). Characteristics and Common Features of Structured Finance Transactions. In: Caselli, S., Gatti, S. (eds) Structured Finance. Springer, Cham. https://doi.org/10.1007/978-3-319-54124-2_1
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DOI: https://doi.org/10.1007/978-3-319-54124-2_1
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Publisher Name: Springer, Cham
Print ISBN: 978-3-319-54123-5
Online ISBN: 978-3-319-54124-2
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