Search for: "Securitized Asset Backed Receivables" Results 1 - 20 of 219
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4 May 2008, 1:51 pm
Asset-Backed Security (ABS) - securities backed by specific assets, payments on which derived from cash flows of underlying assets, such as auto loans, credit card receivables, home equity loans, and student loans. [read post]
28 Oct 2010, 3:53 pm by James Hamilton
For example, many underwriters of asset-backed securities provide transaction sponsors with short-term funding facilities such as variable funding notes and asset-backed commercial paper, whereby the underwriter provides financing to the sponsor to fund asset originations or purchases of assets.These facilities provide essential liquidity until the assets can be packaged through a term securitization and sold into the debt capital… [read post]
9 Oct 2014, 10:09 am by Lax & Neville LLP
ABS are financial securities backed by loans, leases or receivables against assets other than real estate and mortgage-backed securities. [read post]
26 May 2014, 9:30 pm by Jonathan C. Lipson
In securitization, a firm, called an “originator,” sells financial assets, such as mortgages or accounts receivable, to a “special purpose entity. [read post]
19 Jan 2014, 11:04 pm by Sean Hayes
Addresses the obvious, but not all, procedural shortcomings of the Asset Backed Securitization Act; 5. [read post]
29 Mar 2011, 10:22 am by James Hamilton
Hedging based on an index of instruments that includes the asset-backed securities would also be allowed, subject to limitations on the portion of the index represented by the specific securitization transaction or applicable issuing entities.Since the sponsor is the true decision maker behind the securitization transaction and determines what assets will be securitized, the regulations would provide that a sponsor of an… [read post]
12 Apr 2010, 6:34 am by James Morphy, Sullivan & Cromwell LLP,
The ABS sponsor must hold five percent of each class of asset-backed securities or, in the case of revolving asset master trusts, must retain at least five percent of the nominal amount of the securitized exposures, in each case net of any hedging arrangements. [read post]
20 Feb 2023, 9:01 pm by renholding
Securities and Exchange Commission (“SEC”) issued a proposed rule to prohibit material conflicts of interest in the sale of asset-backed securities (“ABS”). [read post]
16 Jan 2012, 3:22 pm by James Hamilton
The lawmakers suggested that a possible definition in line with Section 3(a)(77) would be a fixed-income or other security that references any type of financial asset, including a loan, a lease, a mortgage, a secured or unsecured receivable, or index, and allows the holder of the security to receive payments that depend primarily on the value or performance of the referenced assets. [read post]
21 Jun 2011, 10:17 am
The Securitization Chain Mortgage-backed securities are generally set up to be "bankruptcy remote. [read post]
14 Oct 2014, 11:23 am by Editorial Board
On October 9, S&P released its updated global methodology and assumptions for assessing the credit quality of securitized non-real estate related consumer receivables, including, but not limited to, auto, credit card, student, and unsecured personal loan asset-backed securities. [read post]
4 Oct 2007, 11:08 am
The recent press release concerning factoring company JG Wentworth's recent securitization received a "AAA" primarily due to the financial community's perception of the financial strength of the annuity assets backing their financing. [read post]
11 Nov 2009, 10:07 am by James Hamilton
The draft adds a definition of asset-backed security to the Exchange Act to mean a fixed-income or other security collateralized by any type of self-liquidating financial asset, including a loan, a lease, a mortgage, or a secured or unsecured receivable, that allows the holder of the security to receive payments depending primarily on cash flow from the asset, including collateralized mortgage or debt obligations. [read post]
4 Dec 2010, 7:58 pm by Adam Levitin
For example, consider the PSA for Securities Asset Backed Receivables LLC Trust 2005-FR3, dated July 1, 2005, § 2.01(b), July 1, 2005. [read post]
26 Jan 2023, 9:30 am by Unknown
Proposed Rule 230.192 would implement Securities Act Section 27B and prohibit transactions involving or resulting in material conflicts of interest between a securitization participant and an investor in an asset-backed security. [read post]
10 Jan 2011, 12:23 pm by Adam Levitin
It shows that there has to be a complete chain of title going back to origination.) [read post]
9 Jan 2008, 11:00 am
In recent remarks at an EU financial meeting, Commissioner Takafumi Sato of the Financial Services Agency said that there are embedded vulnerabilities in the securitization process, including inaccurate information about securitized products, such as mortgage-backed securities. [read post]
23 Dec 2008, 8:01 pm
Calamari added, 'There have been very few asset backed deals during the fourth quarter of 2008. [read post]
29 Nov 2023, 7:12 am by Unknown
For one year after closing, specified securitization participants will be barred from engaging in certain transactions where there is a conflict between the participant and an investor in that asset-backed security. [read post]