Asset Backed Securities

An instrument known as "collateralised debt obligations of asset-backed securities" was a case in point.

Article 54 The general meeting of the holders of asset-backed securities shall be convened by the trustee.

The bank, whose market capitalization has dwindled to about $11 billion, owns about $61 billion in mortgages and asset-backed securities.

The general meeting of the holders of asset-backed securities shall not vote on issues not publicly announced.

The costliest Fed lending program during the crisis was the Term Asset-Backed Securities Loan Facility, or TALF, the CBO said.

Article 56 The general meeting of the holders of asset-backed securities may be held either on-site or on-line.

Article 59 Investment management policies for asset-backed securities are to be formulated separately by relevant regulatory authorities.

The facility he and the Fed unveiled that day will buy up to $200 billion of newly issued, top-rated asset-backed securities.

About $12bn of asset-backed securities which are potentially eligible for Fed funding are expected to have been sold.

The term asset-backed securities loan facility will also be expanded to finance purchases of legacy securities.

In spite of that, bank loans to business and consumers are falling, as are loans packaged into private, asset-backed securities.

But appetite for riskier debt, such as junk bonds and asset-backed securities, remained far from what it was one year ago.

The vast, $52bn available-for-sale, asset-backed securities portfolio is only slowly coming down.

That kind of confidence is still not there for high-yield or asset-backed securities.

The collateral accepted by the Term Securities Lending Facility was expanded to include all AAA-rated asset-backed securities.

Haircuts vary from less than 1% for the safest and most liquid government bonds to 18% for some long-dated asset - backed securities.

CME accepts a range of collateral for deposit including cash from most developed markets, gold, asset-backed securities and agency bonds.

That looks dangerous, given fears that the agencies have over-estimated the creditworthiness of some asset-backed securities (see article).

"Repo" markets became riskier as collateral shifted from Treasuries to poorer quality asset-backed securities.

Specifically, the number of asset-backed securities increased.

And confidence in credit-card asset-backed securities is pretty firm despite paralysis in other corners of structured finance.

The government will also encourage more lending by guaranteeing up to 50 billion pounds in asset-backed securities.

In recent years, the intense demand for asset-backed securities fueled a lending boom that let big banks offer more generous terms on loans.

and banks should be required to retain some portion of loans they repackage and sell as asset-backed securities.

Article 34 The credit standing of asset-backed securities may be upgraded through internal or external credit enhancement.

The asset-backed securities shall be issued and traded in the national inter-bank bond market.

It accepted collateral that included toxic asset-backed securities, and it charged interest rates that were more palliative than punitive.

In recent years, investors' appetite has grown dramatically for mortgage-backed and other asset-backed securities.

It is also creating a facility, supported by the Federal Reserve, for asset-backed securities which could relieve banks of bad loans.

Likelytargets for headcount reduction include staff in foreign exchange, corporatebonds, and asset-backed securities.

Asset-backed securities, called ABS, are bonds or notes backed by financial assets.

Article 49 A trustee shall disclose timely all the information that have a substantive effect on the value of the asset-backed securities.

It revealed how asset-backed securities accounted for about two-thirds of the explosive growth in triple A securities between 1990 and 2006.

China is by far the biggest foreign holder of Fannie Mae's and Freddie Mac's asset-backed securities.

Officials and some investors see great promise in the effort to jump-start the market for asset-backed securities.

Founded in 2001, PEM Group is a niche asset-backed securities gathering and management firm.

Money funds are also selling asset-backed securities and other debt, the trader said.

Banks bundle many such loans into asset-backed securities which they then sell in the capital markets.

A further $150bn writedown of asset-backed securities would then ensue.

"Tim Geithner's efforts to provide a market for asset-backed securities has helped [but] we still have a long way to go, " he says.

The government plans to provide insurance for new asset-backed securities.

Meanwhile, there are an estimated $10, 700bn of asset-backed securities in circulation.

It put in $109m to buy troubled asset-backed securities from its funds.

Including equity and asset-backed securities, China held $1. 611 trillion in U. S. securities assets, up from $1. 464 trillion in June 2009.

And, because they bought back many such loans in the form of asset-backed securities, the banks were among those left holding the bag.

exercising voting rights over the issues under discussion at the general meeting of the holders of asset-backed securities;

dismissed by the general meeting of the holders of asset-backed securities;

Legal nature of the asset-backed securities

asking for convening a general meeting of the holders of asset-backed securities in accordance with relevant rules;

disclosing information about entrusted property and asset-backed securities on ongoing basis;

On the Asset-backed Securities of the Finance Asset Management Corporation

paying investment proceeds to the holders of asset-backed securities in a way that is stipulated in the fund depositary contract;

Understanding the nature of asset backed securities and computing default-risk-adjusted spread

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