Real Estate Securitisation Book by Steffen Kammerer
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Real Estate Securitisation

Real Estate Securitisation


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About the Book

Inhaltlich unveränderte Neuauflage. Deutschland ist traditionell das Land des Bankkredits. Die Inanspruchnahme von Kre-diten ist höher, die von Schuldtiteln und Beteiligungskapital niedriger als in anderen europäischen Industrieländern oder der USA. Doch die Unternehmensfinanzierung in Deutschland befindet sich im Umbruch. Mittelständische Unternehmen, die sich in der Vergangenheit insbesondere über den Bankkredit finanziert haben, sind davon besonders betroffen. Die tieferen Ursachen liegen in den Strukturveränderungen des deutschen Bankenmarktes, aber auch im regulatorischen Umfeld (Basel II). Der Kredit bleibt zwar bei der Unternehmensfinanzierung das dominierende Finan-zie-rungs-ins-trument, wird aber durch neue Kapitalmarktprodukte teilweise ersetzt. Dadurch wer-den Unternehmen, insbesondere auch der Mittelstand, zunehmend mit dem Kapital-markt vernetzt. Eine der häufig in diesem Kontext genannten Möglichkeiten der Vernetzung mit dem Kapitalmarkt stellt die Asset Securitisation dar. Dabei geht es, vereinfacht aus-ge-drückt, um die Veräußerung von Aktiva eines Verkäufers (Originator) an eine Zweck-gesellschaft (Special Purpose Vehicle - SPV), die diesen Kauf über die Platzierung von Wertpapieren (sog. Asset Backed Securities - ABS) am Kapitalmarkt finanziert und die Finanzierungsmittel als Kaufpreis an den Originator weiterreicht.


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Product Details
  • ISBN-13: 9783639418156
  • Publisher: KS Omniscriptum Publishing
  • Publisher Imprint: AV Akademikerverlag
  • Height: 229 mm
  • No of Pages: 148
  • Spine Width: 9 mm
  • Width: 152 mm
  • ISBN-10: 3639418158
  • Publisher Date: 25 May 2012
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Weight: 277 gr


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