The Law and Practice of Securitisation

Securitisation is considered by many to be the “rocket science” of finance, especially formidable through a legal lens. It combines bonds, loans and derivatives into a single regulated ecosystem, designed to withstand insolvency.

This new book presents a fulsome and accessible analysis of the legal principles underpinning securitisation, with references to relevant case law, statute and regulation and commentary on commercial context, market practice and documentation. The Law and Practice of Securitisation is the first dedicated in-depth English law title on the topic by specialist lawyers, examining all fundamentals through the securitisation microscope. An essential guide to the law and practice of securitisation, from the basics to the most advanced aspects, organised into one complete body of knowledge:

• true sale
• advanced true sale: declarations of trust
• securitisation security and intercreditor arrangements
• securitisation cashflows and credit structuring
• securities, securities regulation, disclosure and due diligence
• credit rating agencies
• the securitisation vehicle and taxation
• the regulation of securitisation in the UK and the EU
• securitisation derivatives and repos
• sustainability and securitisation
• common securitisation structures