Publication:
Structured Finance in Latin America : Channeling Pension Funds to Housing, Infrastructure, and Small Businesses

Simple item page
dc.contributor.authorCheikhrouhou, Hela
dc.contributor.authorGwinner, W. Britt
dc.contributor.authorPollner, John
dc.contributor.authorSalinas, Emanuel
dc.contributor.authorSirtaine, Sophie
dc.contributor.authorVittas, Dimitri
dc.date.accessioned2012-05-31T19:23:44Z
dc.date.available2012-05-31T19:23:44Z
dc.date.issued2007
dc.description.abstractThe report covers several types of structured finance with such capital market instruments as mortgage-backed securities, structured bond issues for infrastructure financing, securitization of small and medium enterprises (SME)-related assets, and securitization of loans to SMEs. The report also covers factoring and leasing, which can be important sources of finance for SMEs and can be pooled and packaged into marketable securities and sold to pension funds. The report does not cover other types of structured finance, such as exchange trade funds, structured notes with capital protection, or structured financing outside capital markets, such as bank syndications. Chapter 1 focuses on private pension fund investment management and the role of structured bonds. Chapter 2 focuses on the increasing use of structured finance for housing in Latin American countries. Chapter 3 deals with the less developed yet promising area of structured bonds for infrastructure financing. Chapter 4 focuses on the use of structured bonds for SME finance, still in the experimental stage. The report discusses the role of the government in supporting small and medium loan securitizations through partial guarantees (as in Spain) to share the risk of borrower default and through the development of an SME securitization conduit (as in Germany).en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/01/8101573/structured-finance-latin-america-channeling-pension-funds-housing-infrastructure-small-businesses
dc.identifier.doi10.1596/978-0-8213-7139-8
dc.identifier.isbn978-0-8213-7139-8
dc.identifier.urihttps://hdl.handle.net/10986/6782
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesDirection in Development;finance
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CAPITAL
dc.subjectACCOUNTING
dc.subjectACCOUNTS RECEIVABLE
dc.subjectASSET CLASS
dc.subjectASSET MANAGERS
dc.subjectASSET-BACKED SECURITIES
dc.subjectBACKED SECURITIES
dc.subjectBANK CREDIT
dc.subjectBANK DEBT
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBOND
dc.subjectBOND INSURANCE
dc.subjectBOND INVESTORS
dc.subjectBOND ISSUANCE
dc.subjectBOND ISSUANCES
dc.subjectBOND ISSUE
dc.subjectBOND ISSUES
dc.subjectBOND MARKET
dc.subjectBOND MARKETS
dc.subjectBONDHOLDERS
dc.subjectBONDS
dc.subjectBORROWER
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET DEVELOPMENT
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCOLLATERAL
dc.subjectCOLLECTION PROCEDURES
dc.subjectCOMMERCIAL LOANS
dc.subjectCONTRACTUAL SAVINGS
dc.subjectCORPORATE BONDS
dc.subjectCREDIT DERIVATIVES
dc.subjectCREDIT ENHANCEMENT
dc.subjectCREDIT ENHANCEMENTS
dc.subjectCREDIT GUARANTEES
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT LINES
dc.subjectCREDIT LOSSES
dc.subjectCREDIT MARKETS
dc.subjectCREDIT QUALITY
dc.subjectCREDIT RATINGS
dc.subjectCREDIT RISK
dc.subjectCREDIT SCORING
dc.subjectCREDITOR
dc.subjectCREDITOR RIGHTS
dc.subjectCREDITWORTHINESS
dc.subjectCREDITWORTHY SECURITIES
dc.subjectCURRENCY MISMATCHES
dc.subjectDEBT FINANCING
dc.subjectDEBT ISSUANCE
dc.subjectDEBT MARKETS
dc.subjectDEPOSIT
dc.subjectDEPOSIT MONEY BANK
dc.subjectDEPOSITS
dc.subjectDERIVATIVES
dc.subjectDEVALUATION
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT FINANCE
dc.subjectDISCLOSURE STANDARDS
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC CAPITAL
dc.subjectDOMESTIC CAPITAL MARKETS
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC CREDIT RATING
dc.subjectDOMESTIC FINANCIAL MARKETS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectENABLING ENVIRONMENT
dc.subjectENFORCEABILITY
dc.subjectEQUITY INSTRUMENTS
dc.subjectESCROW
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE MOVEMENTS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEMS
dc.subjectFLOATING INTEREST RATES
dc.subjectFORECLOSURE
dc.subjectFOREIGN INVESTMENT
dc.subjectFREE ASSETS
dc.subjectFUTURE CASH FLOW
dc.subjectFUTURES
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEBT SECURITIES
dc.subjectGOVERNMENT SECURITIES
dc.subjectGOVERNMENT SUPPORT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHEDGE FUNDS
dc.subjectHOUSING FINANCE
dc.subjectILLIQUIDITY
dc.subjectINDEXED BOND
dc.subjectINDEXED BONDS
dc.subjectINDIVIDUAL LOANS
dc.subjectINFLATION
dc.subjectINFORMATION SYSTEMS
dc.subjectINFRASTRUCTURE BONDS
dc.subjectINFRASTRUCTURE FINANCE
dc.subjectINFRASTRUCTURE FINANCING
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL SECURITIES
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT FUND
dc.subjectINVESTMENT INSTRUMENTS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT PORTFOLIOS
dc.subjectINVESTMENT REGULATIONS
dc.subjectISSUANCE
dc.subjectJUNK BOND
dc.subjectLEGAL PROVISIONS
dc.subjectLENDERS
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN OBLIGATIONS
dc.subjectLOAN PORTFOLIO
dc.subjectLOCAL BANKS
dc.subjectLOCAL CORPORATIONS
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL MARKETS
dc.subjectLOCAL STOCK MARKETS
dc.subjectLONG-TERM INVESTMENTS
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET INSTRUMENTS
dc.subjectMARKET PRACTICES
dc.subjectMARKET RISK
dc.subjectMARKET RISKS
dc.subjectMARKETABLE SECURITIES
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMICROCREDIT
dc.subjectMODERN FINANCIAL SYSTEM
dc.subjectMODERN FINANCIAL SYSTEMS
dc.subjectMORTGAGE
dc.subjectMORTGAGE BONDS
dc.subjectMORTGAGE LOANS
dc.subjectMORTGAGE MARKETS
dc.subjectMORTGAGE-BACKED SECURITIES
dc.subjectMORTGAGES
dc.subjectMUTUAL FUND
dc.subjectMUTUAL FUND ASSETS
dc.subjectMUTUAL FUNDS
dc.subjectOLD-AGE INCOME
dc.subjectPARTIAL CREDIT
dc.subjectPARTIAL GUARANTEES
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION FUND ASSET
dc.subjectPENSION FUND ASSETS
dc.subjectPENSION FUND INVESTMENT
dc.subjectPENSION FUNDS
dc.subjectPENSION REFORM
dc.subjectPENSION REFORMS
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONS
dc.subjectPLEDGES
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO ALLOCATION
dc.subjectPORTFOLIO ALLOCATIONS
dc.subjectPOTENTIAL INVESTORS
dc.subjectPRIMARY MARKET
dc.subjectPRIMARY MARKETS
dc.subjectPRIVATE BOND
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTORS
dc.subjectPROTECTION OF INVESTORS
dc.subjectPRUDENTIAL REGULATION
dc.subjectPUBLIC DEBT
dc.subjectREGISTRY SYSTEMS
dc.subjectREGULATORY AUTHORITIES
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPAYMENT
dc.subjectREPAYMENT CAPACITY
dc.subjectRESIDENTIAL MORTGAGES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectRISK SHARING
dc.subjectSECONDARY MARKET
dc.subjectSECONDARY MARKET LIQUIDITY
dc.subjectSECURITIES
dc.subjectSECURITIES MARKETS
dc.subjectSETTLEMENT
dc.subjectSMALL BUSINESS
dc.subjectSMALL BUSINESSES
dc.subjectSTOCK ISSUANCE
dc.subjectSTOCK MARKET
dc.subjectTAX
dc.subjectTAX TREATMENT
dc.subjectTRADE CREDIT
dc.subjectTRANCHE
dc.subjectTRANCHES
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTURNOVER
dc.subjectUNDERLYING ASSETS
dc.subjectWORKING CAPITAL
dc.subjectYIELD CURVE
dc.titleStructured Finance in Latin America : Channeling Pension Funds to Housing, Infrastructure, and Small Businessesen
dspace.entity.typePublication
okr.date.disclosure2010-04-20
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2007/01/8101573/structured-finance-latin-america-channeling-pension-funds-housing-infrastructure-small-businesses
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid125381468045068501
okr.identifier.doi10.1596/978-0-8213-7139-8
okr.identifier.externaldocumentum000020953_20070815150122
okr.identifier.internaldocumentum8101573
okr.identifier.report40534
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/08/15/000020953_20070815150122/Rendered/PDF/405340LAC0Stru101OFFICIAL0USE0ONLY1.pdfen
okr.region.administrativeLatin America & Caribbean
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.unitOffice of the Publisher (EXTOP)
okr.volume1 of 1
relation.isAuthorOfPublicationb0f82774-24d9-5275-98e8-aae3f2ccab7e
relation.isAuthorOfPublicationad8de00b-1549-5c71-af2b-cfeec5ad4206
relation.isAuthorOfPublication.latestForDiscoveryb0f82774-24d9-5275-98e8-aae3f2ccab7e
relation.isSeriesOfPublication706db16a-e556-46f0-8283-1b4a4b88645c
relation.isSeriesOfPublication.latestForDiscovery706db16a-e556-46f0-8283-1b4a4b88645c
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
405340LAC0Stru101OFFICIAL0USE0ONLY1.pdf
Size:
935.01 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
405340LAC0Stru101OFFICIAL0USE0ONLY1.txt
Size:
434.29 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Directions in Development