Structured finance and securitization: a study of the Brazilian case

dc.contributor.advisorRocha, Ricardo Humberto
dc.contributor.authorSbrana Junior, Alberto Atilio
dc.coverage.spatialSão Paulopt_BR
dc.creatorSbrana Junior, Alberto Atilio
dc.date.accessioned2015-03-19T16:42:29Z
dc.date.accessioned2021-09-13T02:21:34Z
dc.date.available2015-03-19
dc.date.available2015-03-19T16:42:29Z
dc.date.available2021-09-13T02:21:34Z
dc.date.issued2010
dc.date.submitted2010
dc.description.otherThe present work seeks to develop a deeper knowledge in a theme that is still developing itself in the Brazilian capital market, but is highly explored in the foreign markets. The available data on the topic is scarce and little transparent, which limits the empirical analysis. The content of this work offers a review on the relevant characteristics of the Structured Finance and on the Brazilian market for those instruments, as well as an empirical study of the relevant factors on the pricing of the quotas issued by FIDCs, the Brazilian special purpose vehicle for Securitization. A sample of 32 FIDC quotas offerings was used to build the regression of the pricing. Among the results attained, it was possible to conclude that the level of activity reflected on the Ibovespa index, the rating of the tranche of a FIDC quota, and the date of the issuance were factors that helped to explain the spread over the CDI promised by the quota. Other variables were proven irrelevant, such as the originator’s rating, showing that the fundamentals of the theory seem to be well reflected on the promised spread.pt_BR
dc.format.extent47 f.pt_BR
dc.identifier.urihttps://www.repositorio.insper.edu.br/handle/11224/545
dc.language.isoInglêspt_BR
dc.rights.licenseTodos os documentos desta Coleção podem ser acessados, mantendo-se os direitos dos autores pela citação da origem.pt_BR
dc.subjectSecuritizationpt_BR
dc.subjectStructured financept_BR
dc.subjectFIDCpt_BR
dc.subjectCapital marketspt_BR
dc.titleStructured finance and securitization: a study of the Brazilian casept_BR
dc.typebachelor thesis
dspace.entity.typePublication
local.typeTrabalho de Conclusão de Cursopt_BR
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