Home  Journals  Finance and Credit  30(462) - 2011 August

Asset-based securitization as a new financing facility for non-financial sector’s companies

Available online: 17 August 2011

Subject Heading: Stock market

JEL Classification: 

Innovative means of financing for the Russian financial market is the Assets-Backed Securitization. This technique assumes that a diversified pool of assets is deducted from the balance of the company, acquires legal autonomy through transfer of specially-created entity. That entity performs its refinancing in the international capital market through securities. Legal separation is to branch cash flow risks on the assets of the company's operating and financial risks - the original owner of these assets. Leased assets are pledged as collateral for securities. In this article raises the question of use of Asset-Backed Securitization for non-financial sector companies.

Keywords: Assets-Backed Securitization (ABS), companies financing, Off-Balance-Sheet, Special Purpose Vehicle (SPV)

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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