Synthetic security: related pages

Debt securities secured against specific cash flows.

The creation of debt securities backed by cash flows, with no recourse to the borrower.

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.

SPV (SPE)

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

Catastrophe bonds

Securities whose value falls if certain events take place. An alternative to insurance and a way of securitising insurance.