Escolar Documentos
Profissional Documentos
Cultura Documentos
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Ñ
ñ IDENTIFICATIaN STAGE
ñ TRANSFER STAGE
ñ ISSUE STAGE
ñ REDEMPTIaN STAGE
ñ CREDIT RATING STAGE
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·
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ñ Pass through and pay through Certificates
ñ Preferred Stock Certificates
ñ Asset Based Commercial Papers
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ñ Interest anly certificates
ñ Principal anly certificates
Î
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ñ Term Loans
ñ Commercial Loans
ñ Receivables From Government
ñ Vehicle Loans
ñ Lease Finance
ñ Mortgage Loans
ñ Credit Cards Receivables
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*
ñ Assets need to be selected carefully.
ñ Credit ratings
ñ SPV and originator should be separate
parties.
ñ The instruments arising out of securitisation
must be listed in stock exchanges.
ñ Standardized loan documents.
ñ Proper guidelines.
A
Ñ
Costly Source
Uneconomical for lower requirements
Passes on data-base to Investors
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ñ New Concept
ñ Heavy stamp duty and registration fees
ñ Cumbersome Transfer Procedures
ñ Difficulty in assignment of debts
ñ Absence of standardised loan documentation
ñ Inadequate credit rating facilities
ñ Absence of proper guidelines
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