Mortgage backed security (MBS/RMBS/CMBS): related pages

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

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

Off balance sheet financing

Debt financing that is not shown on the face of the balance sheet.

SPV (SPE)

A company that is created solely for a particular financial transaction or series of transactions.