The true sale criteria fails to take into account originator's assured buyback agreements which mens that the its is not a complete transfer of credit risk and in addition to the equity portion the originator is still on the hook. All this means that the originator has transfered the assets from the balance sheet to an off balance sheet transaction.
Thanks for helping to shed light on securitization process!!
mrdarryl2row 11 months ago
Great!!
SalsabilSaeed 1 year ago
Comment removed
raghu007nair 1 year ago
The true sale criteria fails to take into account originator's assured buyback agreements which mens that the its is not a complete transfer of credit risk and in addition to the equity portion the originator is still on the hook. All this means that the originator has transfered the assets from the balance sheet to an off balance sheet transaction.
raghu007nair 1 year ago
You explain this very well with Excel, were you ever a teacher?
chuckminsterabby 1 year ago
Love your work.
03040987 3 years ago 10