RT Journal Article
SR Electronic
T1 Structured Finance Challenges for New Issuers and New Assets
JF The Journal of Structured Finance
FD Institutional Investor Journals
SP 56
OP 61
DO 10.3905/jsf.2004.443361
VO 10
IS 3
A1 Peter Humphreys
YR 2004
UL https://pm-research.com/content/10/3/56.abstract
AB This article outlines some of the issues facing new issuers and questions relating to new assets in areas such as off-balance-sheet accounting, tax treatment, and securities laws. There has been a gradual expansion of the structured finance market into new areas such as leases, utility receivables, health care receivables, patent royalties, and other classes of financial assets. Indeed, any company of middle size and above should focus on whether a securitization program would provide an added benefit to its capital formation process. The challenge for new issuers and new asset classes is to preserve the benefits of securitization while at the same time preserving the flexibility to manage those assets in the most efficient way.