Asset-backed securities (ABS)

Also referred to as ABS. Debt securities ( www.practicallaw.com/0-207-6955) (such as bonds ( www.practicallaw.com/0-107-6503) or notes) which are issued in the course of a securitisation ( www.practicallaw.com/3-107-7233) and backed, that is, funded by and secured over a portfolio of cash flow-generating assets such as credit card receivables ( www.practicallaw.com/3-107-7110) , trade receivables, auto loans and leases (though generally not mortgage loans as these are more commonly referred to as mortgage-backed securities ( www.practicallaw.com/3-385-1859) ).

For more on asset-backed securities, see Practice note, Types of securitisation: Consumer and commercial receivables ( www.practicallaw.com/3-202-1688) .

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247244882412", "objName" : "Asset-backed securities (ABS)", "userID" : "2", "objUrl" : "http://uk.practicallaw.com/cs/Satellite/resource/7-385-1838?null", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "true", "analyticsPermCookie" : "2-3b01f5d1:15b0b2dd987:-397e", "analyticsSessionCookie" : "2-3b01f5d1:15b0b2dd987:-397d", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }