Securitization

packaging loans into securities and selling them to investors

In more detail

Packaging many loans into a single pool and issuing securities against it: illiquid claims turn into tradable ones.

It was invented to free up a bank's capital: sell the pool and you can make new loans on the same equity.

Covered in the primer of chapter 7.

Where it appears in the course

In the academy “Securitization” is not a definition but an operation: you post it yourself and watch what it does to the balance sheet.

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