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• The company purchases and securitizes mortgages from all over the United States.
• The government is counting on securitization to help resolve the mortgage problem.
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David Bowie securitized his potential earnings by issuing bonds against the future royalties of his recording catalogues.
National Westminster Bank announced the $5 billion securitization of its high-quality corporate loan.
Mortgage-backed securities are a perfect example of securitization. By combining mortgages into one large pool, the issuer can divide the large pool into smaller pieces based on each individual mortgage's inherent risk of default and then sell those smaller pieces to investors.
The process creates liquidity by enabling smaller investors to purchase shares in a larger asset pool. Using the mortgage-backed security example, individual retail investors are able to purchase portions of a mortgage as a type of bond. Without the securitization of mortgages, retail investors may not be able to afford to buy into a large pool of mortgages.
фр.1. titrisation; titralisation; mobiliérisation; financiérisation; désintermédiation; transformation en titres;
2. marchéisation
исп.1. conversión de la deuda en valores;
2. intensificación del uso de valores
секьюритизация
1) Выпуск ценных бумаг в обмен на долги. Банк прибегает к этому, переупаковывая и продавая пулы кредиторских рисков в виде ценной бумаги. Во Франции Министерство экономики, финансов и бюджета использует термин titrisation;
2) тенденция развития финансовых рынков, заключающаяся в более активном использовании в качестве инструмента получения заемных средств ценных бумаг, в том числе и эмитируемых фирмами, а не прямого заимствования у банков.