The Contribution Quantity of Credit Enhancement of Financial Instruments with Asset-Backed Securitization Structure

摘要

In the designing of the instruments with asset-backed securitization structure, the cost and contribution of different credit enhancement methods are varied greatly which result the difficulties to find the proper combination of credit enhancement structure. Considering the contribution quantity of credit enhancement structure, the proper credit enhancement combination can be find using the method of programming where the restriction is credit enhancement cost.