The true sale criteria fails to take into account originator's assured buyback agreements which mens that the its is not a complete transfer of credit risk and in addition to the equity portion the originator is still on the hook. All this means that the originator has transfered the assets from the balance sheet to an off balance sheet transaction.
I was flowing through the presentation until minute 4:02" when you said the words "about a week ago"...so i threw my hat in the air and did the shmurda dance :-)
Thanks for helping to shed light on securitization process!!
The true sale criteria fails to take into account originator's assured buyback agreements which mens that the its is not a complete transfer of credit risk and in addition to the equity portion the originator is still on the hook. All this means that the originator has transfered the assets from the balance sheet to an off balance sheet transaction.
I was flowing through the presentation until minute 4:02" when you said the words "about a week ago"...so i threw my hat in the air and did the shmurda dance :-)
Wonderful for cpa
Thank you for watching! :)
Sep 03, 2013 - Not buffering!
good