The fate of one of the European securitization markets most innovative deals was being decided as the ASRI went to press.

The transaction - called Finance for an Italian Library of Movies (Films) - was issued by the Italian media group Cecchi Gori in February 1998 (ASRI 2/23/1998 p.3). It was arranged by Merrill Lynch and worth Lit475 billion ($247 million).

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