| Budget Amount *help |
¥4,940,000 (Direct Cost: ¥3,800,000、Indirect Cost: ¥1,140,000)
Fiscal Year 2014: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2013: ¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
Fiscal Year 2012: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Outline of Final Research Achievements |
The whole plan of our study was to investigate the formation of an originate-to-distribute (OTD) model of major U.S. commercial bank groups by the hearing survey of major New York financial institutions. Finally, we grasped the changing business of off-balance sheet transactions by major bank groups after 1980s.
Specifically, (1) changing business as loan sales, derivatives and securitization in 1980s-1990s was the route where the risk of loans was passed to the 3rd parties. And, the risk transfer could be held step by step on each business. (2) The originated and distributed asset-backed securities formed the OTD model in 1990s and the mortgage-backed securities did it in 2000s.
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