Академический Документы
Профессиональный Документы
Культура Документы
Loan
Cash Sell
Receivables
Cash Securities
Investors
Types of securitization
Efficient funding
Lower Cost
Releases capital
Why Securitize assets ?
Risk management
Better security
Greater moral responsibility
Create instruments to match
investment objectives
Better and more resilient credit
ratings
Risks in securitization
Loan
Cash Pledge
Receipts
Credit Recourse
Trust
Enhancement
Cash Securities
Investors
Risks management through
securitization
Loan 8%
Funding 6%
Originate 1%
Basic CDO structure
Coupons &
principal
Loans Senior notes
Bank Mezzanine
SPV notes
Transaction cost
Registration Procedures
Way forward.