Asset-backed security: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
No edit summary
No edit summary
Line 1: Line 1:
{{fwmd|ABS}}
{{fwmd|ABS}}
{{seealso}}
{{sa}}
*[[Covered bond]]
*[[Covered bond]]
*[[Repackaging]]
*[[Repackaging]]
*[[Securitisation]]
*[[Securitisation]]
*[[Espievie]]
*[[Espievie]]

Revision as of 11:36, 18 January 2020

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

See also