Asset-backed security

Financial Weapons of Mass Destruction™
A guide to the tools of our trade.

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

Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

See also