Peru - Developing New Structured Financial Products to Channel Savings Towards Small and Medium Enterprises (SMEs) Growth

World Bank

dc.creator	World Bank
dc.date	2012-03-19T17:23:00Z
dc.date	2012-03-19T17:23:00Z
dc.date	2009-02-02
dc.date.accessioned	2023-02-17T20:45:57Z
dc.date.available	2023-02-17T20:45:57Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000350881_20090429132730
dc.identifier	http://hdl.handle.net/10986/3039
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243380
dc.description	The objective of this study is to contribute to the development of new structured financial products in Peru, in particular as means to address the problems of access to finance faced by underserved segments such as Small and Medium Enterprises (SMEs). This document reviews how structured financial products can provide an alternative channel for SMEs to access the market. Additionally it provides suggestions regarding policy issues aimed at improving the market environment. The study concludes that: (i) one way to effectively address Peruvian SMEs credit constraints, particularly with respect to longer term financing, is the use of structured products and (ii) although the Peruvian capital markets regulatory framework regarding securitization has become more flexible in recent years, and despite being one of the least restrictive in the region, it still shows significant weaknesses.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO CAPITAL
dc.subject	ACCESS TO FINANCING
dc.subject	ACCOUNTING
dc.subject	ACCOUNTS RECEIVABLE
dc.subject	ACCOUNTS RECEIVABLES
dc.subject	ASSET POOLS
dc.subject	ASSET-BACKED SECURITIES
dc.subject	BALANCE SHEETS
dc.subject	BANK ACCOUNT
dc.subject	BANK BRANCHES
dc.subject	BANK CREDIT
dc.subject	BANK FINANCING
dc.subject	BANK LOAN
dc.subject	BANK LOANS
dc.subject	BANK PORTFOLIOS
dc.subject	BANKING MARKET
dc.subject	BANKING SECTOR
dc.subject	BANKING SYSTEM
dc.subject	BANKRUPTCIES
dc.subject	BENCHMARK YIELD
dc.subject	BENCHMARK YIELD CURVE
dc.subject	BLUE CHIPS
dc.subject	BORROWER
dc.subject	BROKERAGE
dc.subject	BUSINESS CYCLES
dc.subject	CAPITAL INVESTMENT
dc.subject	CAPITAL MARKET
dc.subject	CAPITAL MARKET REFORMS
dc.subject	CAPITAL MARKETS
dc.subject	CAPITAL STRUCTURE
dc.subject	CASH FLOW
dc.subject	CASH FLOWS
dc.subject	COLLATERAL
dc.subject	COLLATERAL REQUIREMENT
dc.subject	COLLATERAL REQUIREMENTS
dc.subject	COMMERCIAL BANK
dc.subject	COMMERCIAL BANKS
dc.subject	COMMERCIAL CREDIT
dc.subject	CORPORATE BOND
dc.subject	CORPORATE BOND ISSUANCE
dc.subject	CORPORATE BONDS
dc.subject	CORPORATE GOVERNANCE
dc.subject	CREDIT CONSTRAINTS
dc.subject	CREDIT ENHANCEMENTS
dc.subject	CREDIT HISTORY
dc.subject	CREDIT INFORMATION
dc.subject	CREDIT INFORMATION SYSTEMS
dc.subject	CREDIT LINES
dc.subject	CREDIT MARKET
dc.subject	CREDIT QUALITY
dc.subject	CREDIT RATING
dc.subject	CREDIT RISK
dc.subject	CREDIT UNIONS
dc.subject	CREDITWORTHINESS
dc.subject	DEBT
dc.subject	DEBT INSTRUMENTS
dc.subject	DEBT ISSUANCE
dc.subject	DEBT ISSUES
dc.subject	DEBT MANAGEMENT
dc.subject	DEMAND FOR CREDIT
dc.subject	DEPOSITS
dc.subject	DEVELOPMENT BANK
dc.subject	DOMESTIC BOND
dc.subject	DOMESTIC BOND MARKET
dc.subject	DOMESTIC BOND MARKETS
dc.subject	DOMESTIC CREDIT
dc.subject	DOMESTIC MARKET
dc.subject	EMERGING MARKETS
dc.subject	ENTERPRISE CREDIT
dc.subject	ENTERPRISE FINANCING
dc.subject	EQUIPMENT
dc.subject	EQUITY MARKETS
dc.subject	EXCHANGE RATE
dc.subject	EXPENDITURE
dc.subject	EXPORT SHARE
dc.subject	FINANCIAL DEVELOPMENT
dc.subject	FINANCIAL INFRASTRUCTURE
dc.subject	FINANCIAL INSTITUTION
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL INSTRUMENTS
dc.subject	FINANCIAL LIBERALIZATION
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL STATEMENTS
dc.subject	FINANCIAL SYSTEM
dc.subject	FINANCIAL SYSTEMS
dc.subject	FIXED ASSET
dc.subject	FIXED ASSETS
dc.subject	FIXED INCOME
dc.subject	FIXED INCOME MARKET
dc.subject	FIXED INTEREST
dc.subject	FIXED INTEREST RATE
dc.subject	FOREIGN BANKS
dc.subject	FRAUD
dc.subject	FUND MANAGERS
dc.subject	FUTURE CASH FLOW
dc.subject	GOVERNMENT SUPPORT
dc.subject	HOLDINGS
dc.subject	HOUSING FINANCE
dc.subject	INCOME INSTRUMENTS
dc.subject	INFORMAL LENDERS
dc.subject	INFORMATION ASYMMETRY
dc.subject	INSTITUTIONAL INVESTOR
dc.subject	INSTITUTIONAL INVESTORS
dc.subject	INSTRUMENT
dc.subject	INSURANCE
dc.subject	INSURANCE COMPANIES
dc.subject	INTEREST RATE
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL CAPITAL
dc.subject	INTERNATIONAL CAPITAL MARKETS
dc.subject	INTERNATIONAL FINANCIAL CRISES
dc.subject	INTERNATIONAL INVESTORS
dc.subject	INTERNATIONAL SETTLEMENTS
dc.subject	INVESTMENT BANKING
dc.subject	INVESTMENT FINANCING
dc.subject	INVESTMENT FUND
dc.subject	INVESTMENT IN SECURITIES
dc.subject	INVESTMENT INSTRUMENTS
dc.subject	INVESTMENT PORTFOLIO
dc.subject	ISSUANCE
dc.subject	ISSUANCE OF BONDS
dc.subject	ISSUANCES
dc.subject	LIEN
dc.subject	LINE OF CREDIT
dc.subject	LINES OF CREDIT
dc.subject	LIQUIDITY
dc.subject	LOAN
dc.subject	LOAN AMOUNT
dc.subject	LOAN AMOUNTS
dc.subject	LOAN APPLICATION
dc.subject	LOAN APPLICATIONS
dc.subject	LOAN MATURITIES
dc.subject	LOAN MATURITY
dc.subject	LOAN OBLIGATIONS
dc.subject	LOAN PORTFOLIO
dc.subject	LOAN PORTFOLIOS
dc.subject	LOAN RATES
dc.subject	LOAN SIZE
dc.subject	LOAN SIZES
dc.subject	LOCAL CURRENCY
dc.subject	LOCAL GOVERNMENTS
dc.subject	LONG TERM CAPITAL
dc.subject	LONG-TERM FINANCE
dc.subject	LONG-TERM INVESTMENT
dc.subject	LONG-TERM INVESTORS
dc.subject	LONG-TERM MATURITY
dc.subject	MACROECONOMIC STABILITY
dc.subject	MARKET ANALYSTS
dc.subject	MARKET CAP
dc.subject	MARKET DEVELOPMENT
dc.subject	MARKET ENVIRONMENT
dc.subject	MARKET PARTICIPANTS
dc.subject	MARKET SHARE
dc.subject	MARKET SIZE
dc.subject	MARKETABLE SECURITIES
dc.subject	MATURITY
dc.subject	MICRO BORROWERS
dc.subject	MICRO ENTERPRISE
dc.subject	MICRO ENTERPRISES
dc.subject	MICRO LOANS
dc.subject	MICRO-ENTERPRISES
dc.subject	MICROCREDIT
dc.subject	MICROENTERPRISES
dc.subject	MICROFINANCE
dc.subject	MICROFINANCE INSTITUTIONS
dc.subject	MONEY LENDER
dc.subject	MONEY LENDERS
dc.subject	MORTGAGE
dc.subject	MORTGAGE LOANS
dc.subject	MORTGAGE-BACKED SECURITIES
dc.subject	MUTUAL FUNDS
dc.subject	OFFSHORE FINANCIAL CENTER
dc.subject	OUTSTANDING LOANS
dc.subject	OVERDRAFT FACILITIES
dc.subject	OVERDRAFT FACILITY
dc.subject	PENSION
dc.subject	PENSION FUND
dc.subject	PENSION FUND REFORMS
dc.subject	PENSION FUNDS
dc.subject	PENSION SYSTEMS
dc.subject	PORTFOLIO
dc.subject	POTENTIAL INVESTORS
dc.subject	PRIVATE CREDIT
dc.subject	PRIVATE CREDIT BUREAUS
dc.subject	PRIVATE EQUITY
dc.subject	PRIVATE REGISTRIES
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC REGISTRIES
dc.subject	PUBLIC SECTOR BONDS
dc.subject	REGULATORY CONSTRAINTS
dc.subject	RESERVE
dc.subject	RISK POOLING
dc.subject	SAVINGS ACCOUNT
dc.subject	SAVINGS BANKS
dc.subject	SECURITIES
dc.subject	SECURITIES LAW
dc.subject	SECURITIES MARKETS
dc.subject	SHORT MATURITY
dc.subject	SHORT-TERM INSTRUMENTS
dc.subject	SMALL BORROWERS
dc.subject	SMALL BUSINESS
dc.subject	SMALL LOAN
dc.subject	SOVEREIGN ENTITIES
dc.subject	STOCK EXCHANGE
dc.subject	STOCK MARKET
dc.subject	STOCK MARKET CAPITALIZATION
dc.subject	STOCK MARKETS
dc.subject	STOCKS
dc.subject	TAX
dc.subject	TRADE CREDIT
dc.subject	TRADING
dc.subject	TRANSACTION
dc.subject	TRANSACTION COSTS
dc.subject	TRANSACTIONS COSTS
dc.subject	TURNOVER
dc.subject	UNACCEPTABLE COLLATERAL
dc.subject	UNDERLYING ASSETS
dc.subject	VALUATIONS
dc.subject	WORKING CAPITAL
dc.title	Peru - Developing New Structured Financial Products to Channel Savings Towards Small and Medium Enterprises (SMEs) Growth
dc.type	Economic & Sector Work :: Other Financial Sector Study
dc.coverage	Latin America & Caribbean
dc.coverage	South America
dc.coverage	America
dc.coverage	Peru