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Issuer and SPV

Securitization is the process of converting financial assets into securities backed by cash flows from those assets. Key participants include the originator, issuer (SPV), investors, and servicer. Various types of securities can be created, such as mortgage-backed securities, asset-backed securities, and collateralized debt obligations.

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3 views

Issuer and SPV

Securitization is the process of converting financial assets into securities backed by cash flows from those assets. Key participants include the originator, issuer (SPV), investors, and servicer. Various types of securities can be created, such as mortgage-backed securities, asset-backed securities, and collateralized debt obligations.

Uploaded by

vomonab892
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Introduction to Securitization

Securitization is a process by which financial assets (e.g., mortgages, accounts receivable, or


automobile loans) are purchased by an entity that then issues securities supported by the cash
flows from these financial assets.
Supply

Main Parties involved Debtor


Payments
Originator
Cash Financial assets
o Originator/seller
o Issuer/SPV Special Purpose Vehicle
(SPV)
o Investors
Cash Securities

o Servicer (usually the originator)


Investors
What Could be Securitized
Mortgage backed Securities Asset backed Securities Collateralized Debt Obligations
(MBS) (ABS) (CDO)
Securities backed by mortgage Securities backed by non mortgage Structured security issued by SPV
loans:- assets such as:- for which the collateral is a pool of
Residentialmortgage
o Resdential mortgage debt obligations
backed securities
securities o Auto loans
backed o CBOs: collateralized bond
o Credit cards obligations
o Commercial
mortgage backed o CLOs: collateralized loan
securities obligations

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