ﺍﻟﺭﻋـــــــﺎﺓ ﺍﻹﻋﻼﻤﻴﻭﻥ ﺼﺤﻴﻔﺔ ﺍﻟﺭﻋـــــــــــﺎﺓ ﺍﻟﺭﺌﻴﺴــــــــﻴـﻭﻥ ﺍﻟﻔﻀﺎﺌﻴﺔ ﺍﻟﺨﺩﻤﺎﺕ ﺍﻟﻤﺼﺭﻓﻴﺔ ﺍﻹﺴﻼﻤﻴﺔ ﻤﺠﻤﻭﻋﺔ ﺍﻟﻤﺼﺭﻓﻴﺔ ﺍﻹﺴﻼﻤﻴﺔ legal claim security (1) Fabozzi, Frank J. (1995) Investment Management, Prentice Hall International, pp. 12-13. (٢) (٣) Commercial paper CD Junk bonds securities) Debt instruments equities (٤) CD (6) Bryan, Lawell (1992) Structured Securitized Credit: A superior Technology for lending, New Development in commercial Banking Ed. Donald Chew, Black Well, pp. 63-69. (٥) Debt instruments equities (٦) (Structured Credit Securitization) (ABC) Collaterals (7) Bryan, Lawell (1992) Structured Securitized Credit: A superior Technology for lending, New Development in commercial Banking Ed. Donald Chew, Black Well, pp. 55-57. (٧) (Assets back securities) ABS grantor trust SPV or SPC (Pass-through structure) receivable SPV (Asset-Back securities) (Pay- through structure) (٨) • • • (Asset-Based securities) Credit Enhancement LOC Surety Bond (٩) ( ١٠ ) ) : ( ١١ ) receivable SPV ( ١٢ ) ( ١٣ ) SPV ( ١٤ ) SPV ( ١٥ ) SPV ( ١٦ ) ( ١٧ ) SPV – ( ١٨ ) SPV ( ١٩ ) SPV ( ٢٠ ) Asset-Back securities Asset-Base securities Moodys, 2009 ( ٢١ ) ( ٢٢ ) ( ٢٣ ) ( ٢٤ ) ( ٢٥ ) ( ٢٦ ) Bryan, Lawell (1992) Structured Securitized Credit: A superior Technology for lending, New Development in commercial Banking Ed. Donald Chew, Black Well, pp. 63-69. Fabozzi, Frank J. (1995) Investment Management, Prentice Hall International, pp. 12-13. http://www.arrouiah.com/node/39411 http://www.moody,s.com ( ٢٧ )
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