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About the Book
Secondary Market Tax-Exempt Asset Securitization is a valuable tool that provides you with a comprehensive and in-depth analysis of business considerations as well as legal issues for secondary market securitization of tax-exempt assets, including the securitized "TOB" market. It discusses and analyzes solely the securitization of state and local government obligations, interest on which is federally tax-exempt, using partnerships, custodial arrangements, trusts and other structures that pass through to investors the interest income without changing its character for federal income tax purposes.
Written in clear, concise language for both the lawyer and nonlawyer, this book begins with an introduction of secondary market tax-exempt asset securitization and continues with in-depth discussions:
Outlining and explaining state-of-the-art tax-exempt asset securitization structures
Integrating business and legal considerations
Analyzing the broad spectrum of legal issues including federal tax, securities, banking and others
And much more!
With this guide, you will be able to decipher the complexities of secondary market tax-exempt asset securitization, understand the risks and rewards of using them, and learn how to take advantage of their opportunities.