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Asset-backed security: Difference between revisions
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Why should this matter? Because, in America, there is rather hairy “[[risk retention rule]]” for those who would sponsor an “[[asset-backed security]]”. To qualify, the [[ABS]] needs to be of [[self-liquidating financial asset]]s that a sponsor has transferred to the issuing vehicle (i.e. and that it has not just acquired at arm’s length in the open market). | Why should this matter? Because, in America, there is rather hairy “[[risk retention rule]]” for those who would sponsor an “[[asset-backed security]]”. To qualify, the [[ABS]] needs to be of [[self-liquidating financial asset]]s that a sponsor has transferred to the issuing vehicle (i.e. and that it has not just acquired at arm’s length in the open market). | ||
We have a basic [[ABS - overview|botanist’s guide to ABS]] here | |||
{{sa}} | {{sa}} | ||
*[[Risk retention rule]] | *[[Risk retention rule]] | ||