Synthetic and Structured Assets is a new book that focuses on customized financial instruments created specifically to meet the risk and investment needs of market participants. The author explores the mechanics and applications of synthetic and structured assets - assets that are created, decomposed or restructured in order to alter, replicate or enhance cash flows to meet end-user requirements. Synthetic and Structured Assets also provides in-depth coverage of the financial building blocks used to create synthetic and structured assets, as well as the legal, risk and financial control parameters that form a key part of the evaluation and management process.