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The Next Wave: Securitizing Internet-Originated Assets By John Macauley, vice president with global management consultant at A.T. Kearney. Mr. Macauley specializes in business-to-business e-commerce and financial risk management.

It seems like a new e-Marketplace is announced every day. Businesses in almost every sector of the economy are betting that electronic procurement and fulfillment systems will streamline business processes, improve production decisions and speed time to market. Leading industry analysts like Goldman Sachs are forecasting that online trading...

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