Product Description: Created by the experienced author team of Frank Fabozzi, Henry Davis, and Moorad Choudhry, Introduction to Structured Finance examines the essential elements of this discipline. It is a convenient reference guide—which covers all the important transaction types in one place—and an excellent opportunity to enhance your understanding of finance.
Fabozzi is a genius The examples provided break down every part of structured finance you need to know. Fabozzi must understand the importance of a strong foundation because he lays one out for you in every piece he writes. I have learned more from reading his work than studying finance at school. He takes concepts and applies them to the real world in a way we can understand. His method allows us to think up more complex scenarios before he presents them to us himself. I recommend this as a great intro to SF and Fabozzi for any further reading in the sections of the industry that are new to you.
Good Book I am a frequent purchaser of the Fabozzi series.
The Credit Derivatives as well as this Structured Finance book are a must have for any person's library.
They give broad but meaningful explanations of multiple product types.
Strong coverage of Credit Derivatives, Credit Linked Notes, Basis Swaps, Total Return Swaps etc..
These products are only going to pick up in trading volume.
The only downside or improvement I would like to see are discussions of new derivative instruments such as Recovery Locks, and go into more detail of Total Return or Credit-Linked Notes/Swaps that are based on floating rate debt.
Anything Goes Trivia
Megaton Man
Trevor
