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Debt securitisation fund (See Chapter 47 of the Vernimmen)
A debt securitisation fund is one of the types of SPVs, which receives the flows of interest and principal payments emanating from the loans it bought from the banks (or non-banking companies). The fund uses the proceeds to cover its obligations on the securities it issued.
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Definitions of terms begining
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Debt securitisation fund (See Chapter 47 of the Vernimmen)
A debt securitisation fund is one of the types of SPVs, which receives the flows of interest and principal payments emanating from the loans it bought from the banks (or non-banking companies). The fund uses the proceeds to cover its obligations on the securities it issued.
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