Change search
ReferencesLink to record
Permanent link

Direct link
Värdepapperisering i Sverige: Finns det en marknad?
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management.
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management.
2012 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

As of today, securitization is an established product on the capital market. The first transaction was made in the US in the 1970s. Since then the product has been developed and today there are several different structures of the product. Internationally securitization has been used for two reasons. Originally securitization was used to gain capital relief, but since capital requirements such as Basel II were implemented, the usage of securitization changed to more of a funding source. The purpose with this paper is to highlight the benefits and risks concerning securitization and to investigate the demand for securitization on the Swedish market. If the demand was found to be low, we would further examine why it’s low. We have investigated which assets are best suited for securitization and above all how the Swedish market will develop in the future. Securitization has been studied all across the world mainly due to the financial crisis, but studies from Sweden is lacking. Our literary sources are complemented with empirical knowledge through interviews of people with expertise in securitization. The paper is divided into three parts. The first part will deal with the theoretical aspects regarding securitization. The second part will process the empirical angels of securitization. In the third part we present an analysis and our own reflections on the subject. The Swedish securitization market has historically seen rather few transactions, despite the strength of the Swedish economy. Our research found that the assets used for securitization is mainly residential mortgage portfolios and consumer credits. These assets have certain characteristics and most importantly they are generating a good cash flow and can be structured in vast numbers to diversify a bank’s portfolio. How the market will develop in the future depends on how the bank sector will respond to Basel III requirements, the structure of future transactions and the competence of originators and buyers.

Place, publisher, year, edition, pages
2012. , 49 p.
Keyword [sv]
strukturerad finans, värdepapperisering, ABS, rating, Basel II
National Category
Civil Engineering
URN: urn:nbn:se:kth:diva-101413OAI: diva2:547564
Subject / course
Educational program
Bachelor of Science - Real Estate and Finance
Available from: 2012-08-28 Created: 2012-08-28 Last updated: 2012-08-28Bibliographically approved

Open Access in DiVA

fulltext(612 kB)162 downloads
File information
File name FULLTEXT01.pdfFile size 612 kBChecksum SHA-512
Type fulltextMimetype application/pdf

By organisation
Real Estate and Construction Management
Civil Engineering

Search outside of DiVA

GoogleGoogle Scholar
Total: 162 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 321 hits
ReferencesLink to record
Permanent link

Direct link