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Securitization Technology: Applications to Other Industries

Securitization Technology: Applications to Other Industries. Overview. Historically, Primarily Used in Finance Industry Potential Applications to Other Industries Vertical Disintegration. Panelists. F.H. Ahlborn Chris DiAngelo Howard Hiller Michael Knopf Shanker Merchant Wayne Olson

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Securitization Technology: Applications to Other Industries

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  1. Securitization Technology: Applications to Other Industries

  2. Overview • Historically, Primarily Used in Finance Industry • Potential Applications to Other Industries • Vertical Disintegration

  3. Panelists • F.H. Ahlborn • Chris DiAngelo • Howard Hiller • Michael Knopf • Shanker Merchant • Wayne Olson • John Perkins

  4. Insurance & Utility Industries • Capital Needs • Application of Structured Finance Technology

  5. Key Drivers • Return on Equity • Operating Earnings • Growth in EPS • Investment Income Margins • “Off-Balance Sheet” for Ratings Purposes • Better Credit Rating • Regulatory Incentives • Acceleration of Monetization of Hard or Embedded Assets • Prompt Recovery of Deferred Balances

  6. Securitization Product Overview - Utilities • Stranded Cost/Transition Bonds • Energy Recovery Bonds • Environmental Bonds • Storm Cost Securitization • Volumetric Production Payments • Receivables Financing

  7. Securitization Product Overview - Insurance • XXX/AXXX Securitization • Annuity & Life Product Securitization • Closed Block Securitization • EVA Securitization • Mortality Indexed Bonds • Insurance Product Securitization

  8. Structuring Issues • Credit Enhancement • Viability of Senior-Sub Structures

  9. Credit Enhancement • Monoline Experience • Evolution of Monoline Involvement in New Industries

  10. Reactions • Market Reaction • Rating Agency Reaction • Investor Concerns • Regulatory Concerns

  11. Looking Forward… • Applications to Other Industries • Industries Securitizing Intellectual Property • Film • Pharmaceuticals • Apparel • Music • Franchising

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