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About Vinod Kothari


Online Primer on Securitisation

For your diary

Forthcoming securitisation workshops
by Vinod Kothari:

Delhi, India:
July 16-17
Bangalore, India: August 6-7
Amman, Jordan:
August 21-22
Click here for details.

What is hot:
Hot news!!
Tremendous interest in securitisation in India
Australian securitisation rapidly growing
An innovative securitisation of music records
Details of European securitisation markets -added 17th May,99.
New articles and links on Insurance securitisation

My column
by Vinod Kothari
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The Himalayan success that was Securitisation workshop in Mumbai

With 71 participants representing the top of the country's financial firms, the recent securitisation workshop in Mumbai, India was a tremendous success. It was not a dumb crowd of the curious - it was a unique, rare event where every single word that the speaker spoke or wrote on the screen was watched and debated upon. And, with a crucial cricket match clashing, it was so overwhelming to see about 50 odd people still in the hall till 6.30 pm on the second day.

The workshop was symbolic of the immense interest securitisation activity in India had picked up. At the same time, the fact that the market was only tending towards maturity was abundantly clear as there were a number of gray areas. Practices were still far from precept.

All the 4 guest speakers, Rajesh Mokashi from CARE, Venu Parameshwaran from Citibank, Conrad D'Souza from HDFC and Cyril Shroff from Amarchand Mangaldass and Co. were at their erudite best.

Some of the crucial issues that emerged are as follows:

  • In a maturing market, securitisation may not, for some time, achieve its basic intent, viz., reducing funding costs. The market demands a premium for a product that is new and therefore perceived risky.
  • Accounting rules are flagrantly being violated by Indian players - absence of a stand by the ICAI is helping players write securitised assets off the balance-sheet, while most such deals retain risks with the originator.
  • High time the RBI wrote a proper code on securitisation.


Securitisation News


Securitisation articles


Securitisation training/ consulting


Books on Securitisation
latest: May 1999


Resources on Securitisation


Forthcoming Conferences


Securitisation in India


Securitisation Markets - country reports


Securitisation Markets - country reports


Securitisation Markets - country reports


Securitisation links


Securitisation Forum

Our motive

Needless to say, securitisation (securitization) is the financial instrument of the future. It is revolutionizing the World of finance already, and our feeling is that shortly, almost every asset, physical and financial, will be securitised.

The purpose of this web site is to promote the concept and understanding of securitisation. We want Internet users World-over to get FREE access to tons of authentic educational material on securitisation, as also articles written by experts from over the World. Besides, it is also our objective to provide visitors with updated news on securitisation on a regular basis.


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SECURITISATION: THE FINANCIAL INSTRUMENT OF THE NEW MILLENNIUM

Launching an in-house course - Click here for details

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Now available:

Vinod Kothari's book
Securitisation: the Financial Instrument of the New Millennium

May, 1999

Click here for details

 

All yours on this site

What is news on the site
The news page is updated regularly. Click the left-hand button.

 

Securitisation laws and materials
Coming soon - a comprehensive collection of laws, accounting standards and other official materials on securitisation from different countries.

Please contribute to this effort - your contribution will be accepted with credit to you.

Country reports
These are detailed analyses on securitisation markets in leading nations of the World including their legal and tax environment.

A special section is devoted to India, our homeland.

Click on the left-hand buttons to navigate.

 

Online securitisation primer
This is am ambitious project. A ton of text on securitisation is already online, and more is being added. Click on the left hand button to sequentially read the online primer.

Securitisation forum
It is already there, the forum is the place to express yourself - ask a question, put across a point of view, read others', or make some good business ! Click on the left-hand button.

 

Securitisation articles
Articles written by various experts on the subject from across the World will be placed on the site soon.

Visit our leasing Web site

SECURITISATION APPLICATIONS:

Commercial real estate

Residential real estate

Auto loans

Bank loans

Credit cards

Equipment leases

Aircraft leases and revenues

Industrial revenues

Public utilities

Hotel revenues

Insurance risk

Intellectual property

The World of Securitisation

The global securitisation markets

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Asia and Australia

North America

South America

Europe

Africa

Asia and Pacific in general

Australia

India

Japan

Singapore

Canada

United States of America

Latin America in general

Argentina

Europe in general

Belgium

Denmark

France

Germany

Greece

Italy

Netherlands

 

If you find any missing links on this page, we will be obliged if you can report it. Any ideas or suggestions on improving the design of this page will be most welcome.

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