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Securitization is the process of financing assets by the issuance of asset-backed securities, as opposed to traditional secured financings. Asset securitization has developed and expanded in the last two decades and now accounts for more than $450 billion of financings per year in the US. This book, comprising 16 national reports, provides a comprehensive survey of the law and practice of securitization in the major jurisdictions in which securitizations have been carried out. It reviews the principle assets commonly securitized and the development of the market in each country, facilitating quick comparison of different jurisdictions. Legal aspects of the most important structures are analyzed in detail, including the establishment of special purpose vehicles, credit enhancement techniques and security issues. There is detailed discussion of tax and accounting issues, and commentary on specialized issues such as public offerings if asset-backed securities and cross-border considerations. Among those who will find Securitization a practical and useful guide are practitioners working in international law firms, financial advisors and investment bankers.