Asset backed securities: related pages

Disintermediation

The removal of intermediaries from a process, supply chain or market. The commonest financial example is the issue of bonds to replace bank borrowing.

Collateralised loan obligation

A debt instrument backed by debt, usually created by securitising assets of a financial institution.

Synthetic security

A packaged combination of securities that mimics the properties of another security.

Structured investment vehicle (SIV)

A special purpose vehicle that funds purchases of long term fixed interest assets with short term borrowing.

Mortgage backed security (MBS/RMBS/CMBS)

Mortgage backed securities: an asset backed security backed by cash flows from mortgage lending.