Design of dividends receivable backed securities

Subject Areas : Journal of Investment Knowledge

Amir Hossein Erza ¹ (Ph.D Student of financial management, Allameh Tabatabaee Univesity)
Mohammad Hashem Botshekan ² (Assistant Prof. of accounting group, Allameh Tabatabaee Univesity)

Received: 2015-02-23 Accepted : 2015-05-24 Published : 2015-05-24

Keywords: Securitization, dividends receivable, asset based securities, pooling, Tranching,

Abstract :

The main of this research was to design and feasibility issue of securities is based on the dividend receivable. In Iran one of the important issues is growthing of liquidity and lack of proper guidance to the productive sector which creates many problems.Given the high percentage of earnings per share divided by the capital market in the form of cash And time of receipt of benefits receivable in cash and investment companies, which leads to reduced liquidity in the companies is based on the asset portfolio designed to provide working capital for these companies is very important. The methodology of  This study was Delphi. The final member of the Delphi group were 87 experts employed in the financial area, including financial institutions, regulatory and universities. This model, with a majority vote of the members of Delphi's financial markets was appropriate and was approved.  Based on the comments provided, dividends receivable backed securities are positive effect on capital markets, financial institutions - investment and the country's macro economy.The valuation formula of these securities is provided in the of paper.  

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