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Asset backed securities ((See Chapter 47 of the Vernimmen ))
Asset backed securities are securities issues by a vehicle created on purpose to buy assets from a bank, a company, a state, like trade receivables or inventories, and to provide the seller with cash and the buyer with a financial product caracterised by a certain risk profile and a rate of return.
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Definitions of terms begining
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Asset backed securities ((See Chapter 47 of the Vernimmen ))
Asset backed securities are securities issues by a vehicle created on purpose to buy assets from a bank, a company, a state, like trade receivables or inventories, and to provide the seller with cash and the buyer with a financial product caracterised by a certain risk profile and a rate of return.
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