Asset Backed Securities

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Asset-backed security - Asset-backed securities are a type of bond that is based on pools of assets. Assets are pooled to make otherwise minor and uneconomical investments worthwhile, while also reducing risk by diversifying the underlying assets.

Covered bond - Securities backed by cashflows from mortgages or public sector loans. They are similar in many ways to asset backed securities created in securitisation but covered bond assets remain on the issuer’s balance sheet.

Bowie Bonds - Bowie Bonds are asset-backed securities of current and future revenues of the first 25 albums (287 songs) of David Bowie's collection recorded before 1990. Issued by David Bowie in 1997, they were bought for $55 million by the Prudential Insurance Company.

Interest in securities - An interest in securities is the asset of a client for whom an intermediary holds securities on an unallocated basis, commingled with the interests in securities of other clients. The distinction between securities and interests in securities is often overlooked in practice.


Suggested Web Sites

Asset-Backed Alert - Securitization weekly covering asset-backed and mortgage-backed securities activities worldwide.

Financial Security Assurance Inc. - Monoline financial guaranty insurance company providing bond insurance or financial guarantees for municipal bonds, asset-backed securities, project financings, credit default swaps and other obligations.

Eiger Capital Limited - A credit research intensive investment manager specialising in the management of collateralised debt obligations, structured investment vehicles, and institutional corporate bond and asset-backed securities portfolios.

Source: BazSites.net

Web Links

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Jumbo Mortgage Loan - ... Jumbo Mortgage Loan The Handbook of Nonagency Mortgage Backed Securities by Frank J. Fabozzi, Frank Fabozzi and Chuck Ramsey update their treatise on nonagency mortgage backed securities in this third edition of The ...

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Hallowell Double Tier Bulk Storage Locker (Adder) : HL1188: Ships Via Truck Freight - Back of Truck The Hallowell all steel storage locker has been designed to provide maximum security, durability and attractiveness as well as economy in both unit cost and installation. The use of manufactured lockers lends itself to a neat appearing installation which, when properly promoted can be a tremendous asset to the building.

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