Provides an example of "the whole business" securitization. In early 2004 the Fraikin, France's leading industrial rental car companies, compares several options for refinancing a large bridge loan for a year. Presents three main options: a classic leveraged buyout funds, asset-backed loans, and credit-based securitization contracts Fraikin to rent a truck. Asks students to evaluate the advantages and disadvantages of each option, including securitization. Rise to discussions about why securitization is the least opportunity cost of funding, and whether the high transaction costs involved. "Hide
on W. Carl Kester, Vincent Dessain, Monika Stachowiak-Joulain Source: Harvard Business School 14 pages. Publication Date: February 2, 2006. Prod. #: 206090-PDF-ENG
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