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Asset Backed Transaktionen (ABS) - Struktur und Problemlagen

Asset Backed Transaktionen (ABS) - Struktur und Problemlagen

          
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About the Book

Studienarbeit aus dem Jahr 2007 im Fachbereich BWL - Allgemeines, Note: bestanden, Hochschule Niederrhein in Mönchengladbach, Sprache: Deutsch, Abstract: 1. Einleitung Der Finanzierungsmarkt und der Markt für "neue" und innovative Produkte in diesem Segment nimmt ständig zu. Seit Mitte der 90er Jahre des letzten Jahrhunderts zeichnet sich ein Trend sowohl in Europa, aber auch in Deutschland ab, dass die Unternehmen Ihre Forderungen verbriefen . Dieser Trend kommt, wie bei so vielen Finanz-Innovationen, aus den USA und ist dort bereits seit über 20 Jahren Alltagsgeschäft. In Europa findet man verstärkt diese Art der Unternehmensfinanzierung in England, wo dieser Trend einsetzte und verbreitete sich von da aus dann von Frankreich über Spanien bis nach Deutschland. Diese vorliegende Arbeit soll einen Überblick über die Asset-Backed-Transaktionen geben, die Grundstruktur und die Variationsmöglichkeiten erläutern. Im letzten Abschnitt soll diese Finanzierungskonstruktion kritisch hinterfragt werden und Vorteile bzw. Nachteile beschrieben werden. 2. Was sind Asset-Backed-Transaktionen Asset-Backed-Transaktionen sind im Kern der Verkauf von Forderungen und zur Refinanzierung des Kaufpreises die Auflegung und Veräußerung von Wertpapieren. Asset heißen dabei die unverbrieften Forderungen (aus dem engl.), backed bedeutet die dadurch gesicherten (engl.: gedeckt) Wertpapiere (engl.: Securities). Also sind die Asset- Backed-Securities (ABS) die Wertpapiere, die hinter einer ABS-Transaktion stehen. Im Gegensatz zu "normaler" Fremdkapitalaufnahme über Banken erlaubt diese Kapitalbeschaffung, je nach Forderung, eine günstigere Kostenstruktur, eine geänderte Bonitätseinstufung ("Rating") und damit verbundene günstigere Zinscoupons. [...]


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Product Details
  • ISBN-13: 9783640478033
  • Publisher: Grin Verlag
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 1 mm
  • Width: 178 mm
  • ISBN-10: 3640478037
  • Publisher Date: 28 Nov 2009
  • Height: 254 mm
  • No of Pages: 20
  • Series Title: German
  • Weight: 54 gr


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