No deal: types of assets securitised
- Dr P Singh
- Jan 8, 2017
- 1 min read
Weil Gotshall lists the kinds of assets securitised and the kinds put into CLOs or CDOs (not exhaustive) (link):
Aircraft loans and leases,
Asset backed commercial paper (ABCP) conduits,
Asset-backed securities (ABS),
Auto loans and leases,
Commercial loans,
Commercial real estate mortgages and CMBS,
Corporate bonds and loans,
Covered bonds,
Credit card receivables
Distressed loans
Equipment loans and leases
Film licensing receivables
Franchise loans
Health care receivables
Home equity loans
Insurance premium finance contracts
Life settlements
Loan portfolio sales and purchases
Lottery awards
Manufactured housing
Mortgage-backed securities
Merchant cash advances
Middle market loans and mezzanine securities
Municipal bonds
Music royalty rights
Mutual fund fees
Personal loans
Pharmacy loans
Ports revenues
Private equity and hedge fund limited partnership interests
Rental cars
Residential real estate mortgages and RMBS
Residual interest in securitizations
Structured settlement payments
Student loans
Timeshare loans
Trade receivables
Trust preferred securities
VAT reclaims
Whole business securitizations
For CLOs and CDOs
High-yield bonds
Leveraged loans
Distressed loans
Middle market loans
Mezzanine securities
Asset-backed securities
Mortgage-backed securities
CDOs
Bank
Insurance company and REIT trust preferred securities
Private equity and hedge fund interests
Cadwalader provide an abbreviated list:
"...emerging and niche asset classes, including: 12b-1 fees; airplane loans; annuity contracts; cell phone towers commercial loans; dealer notes and floor plan financing; equipment and automobile leases; franchise receivables; government receivables; insurance-related assets; manufactured housing; music and publishing royalties; pharmacy and health care receivables; solar assets; student loans; tax liens; taxi medallions; and trade receivables."
Comments