Asset-backed security

Financial Weapons of Mass Destruction™ A guide to the tools of our trade. →Go uptown Top Trumps®Financial Weapons of Mass Destruction® ABS “Tax havens! Derivatives! Bearer paper!” Docs Secured MTN. Heavy, but dreary. 7 Amendability Fat chance. If you don’t like it, ummm — well, what did you buy it for? 0 Collateral Fully funded, backed with juicy second mortgages on residential homes in suburban Reno? Yum Yum. 7 Transferability Bearer paper right? Good luck with that. Buy ABS, get stuck with it. 7 Leverage Usually not, but skip down the tranches and just maybe! 4 Fright-o-meter Can frighten the bejesus out of those of a nervous disposition. But bark worse than bite. 5 Index: Click ᐅ to expand: FWMD Master Agreements Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

See also

• Covered bond
• Repackaging
• Securitisation
• Espievie