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EuromoneyFXNews.com

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The truth about Asian investment banking

July 2001

Bonds backed by pure life



       
Costa Rica: beaches, volcanoes and securitized mortgages

Pity the securitization banker, spending endless days in gloomy Detroit or tedious Wilmington, Delaware, arranging auto loan or credit-card deals. Wouldn't it be better if asset-backed securities were issued from tropical locations with gorgeous beaches and spectacular volcanoes?

Well now they are. The Central American paradise...


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