By Marc Pichler (Author)

Asset-Backed Securities represent a complex and innovative financing instrument. They offer a wide range of securitization options ranging from mortgage loans, leasing and credit card claims to concerts from David Bowie. In the meantime, the concept of ABS represents an adapted financing instrument on the capital market, but with its structure, the concrete implementation and the federation types of claims, it is a constantly further developed innovation. Marc Pichler offers a fundamental description of the "ABS" concept and thus makes a not unimportant contribution to understanding the innovative financing instrument of asset-backed securities.