Acknowledgements. About the author. 1. Introduction to Synthetic and Structured Assets. 1.1 Development of structured and synthetic assets. 1.2 Drivers of market activity.

1.3 New product design. 1.4 Overview of the text. 2. Financial Building Blocks. 2.1 Introduction.

2.2 Concepts. 2.3 Derivative instruments. 2.4 Host securities/liabilities. 2.5 Issuing/repackaging vehicles.

2.6 Financial engineering and product design. 3. Callable, Puttable, and Stripped Securities. 3.1 Introduction. 3.2 Development and market drivers.

3.3 Product mechanics and applications. 4. Mortgage- and Asset-backed Securities. 4.1 Introduction. 4.2 Development and market drivers.

4.3 Product mechanics and applications. 5. Structured Notes and Loans. 5.1 Introduction. 5.2 Development and market drivers.

5.3 Product mechanics and applications. 6. Collateralized Debt Obligations. 6.1 Introduction. 6.2 Development and market drivers.

6.3 Product mechanics and applications. 7. Insurance-linked Securities and Contingent Capital. 7.1 Introduction. 7.2 Development and market drivers.

7.3 Product mechanics and applications. 8. Convertible Bonds and Equity Hybrids. 8.1 Introduction. 8.2 Development and market drivers.

8.3 Product mechanics and applications. 9. Investment Funds. 9.1 Introduction. 9.2 Development and market drivers.

9.3 Product mechanics and applications. 10. Derivative Replication, Repackaging, and Structuring. 10.1 Introduction. 10.2 Development and market drivers.

10.3 Product mechanics and applications. 11. Risk, Legal, and Regulatory Issues. 11.1 Introduction. 11.2 Risk and financial controls.

11.3 Legal controls. 11.4 Regulatory and accounting issues. Selected References. Index.