Salary-backed ABS
- Dr P Singh
- Jan 12, 2017
- 1 min read
2014: Moody's rated an ABS backed by receivables that are salary payment obligations of employees who have taken loans. These employees have an agreement to repay the loan by instalments taken from their salary. The obligation is secured by their salary, pension pots, insurance, and severence pay agreements. Details here and here.
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