Definition for : Equipment Trust Certificates

In the context of a Securitisation of equipment Assets (such as aircraft, vessels or rail cars), the securities issued and collateralised by these Assets are called "Equipment Trust Certificates" (in abbreviated form "ETC"). When additional forms of Credit enhancement are provided for, these securities are called "Enhanced Equipment Trust Certificates" ("EETC"). When a EETC is closed in Europe, it is called a European Enhanced Trust Certificate (E-EETC).
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