Securitization is a whole package of transactions, where assets (such as real estates to be leased, accounts receivable, or mortgages) are sold to a special purpose vehicle (“SPV”) and the SPV issues and sellsmany investors securities which entitle them to receive cash flows generated from underlying assets. A merit for the owners of original assets (“originators”) is to be able to liquidate assets that would otherwise be difficult to sell, while a merit for the investors is to be able to capture a new investment opportunity.
We engage in research and development of cash flow analysis, pricing models and risk management with respect to securitization.
Regarding the valuation of securitized products, please refer to "Asset Valuation."
