Asset Backed Securities definition

Asset Backed Securities means securities which:
Asset Backed Securities means any debt obligation which has been issued with the benefit of a security interest (however described) over certain other assets, property, revenues or rights of any other description and includes, for the avoidance of doubt, any debt obligation described as a collateralised debt, loan or bond obligation;
Asset Backed Securities. (ABSs) means debt instruments that are backed by a pool of ring fenced financial assets (fixed or revolving), that convert into cash within a finite time period. In addition, rights or other assets may exist that ensure the servicing or timely distribution of proceeds to the holders of the security. Generally, asset-backed securities are issued by a specially created investment vehicle which has acquired the pool of financial assets from the originator or seller. In this regard, payments on the asset-backed securities depend primarily on the cash flows generated by the assets in the underlying pool and other rights designed to assure timely payment, such as liquidity facilities, guarantees or other features generally known as credit enhancements;

Examples of Asset Backed Securities in a sentence

  • The originator is the party identified by the securitizer using the same methodology as the securitizer used to identify the originator of assets for purposes of complying with Item 1110 of Regulation AB (Subpart 229.1100 – Asset-Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123) in connection with registered offerings of asset-backed securities in the same asset class.

  • Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

  • No compensation has been paid to the Administrator or Trustee from Available Funds under the TIERS Asset-Backed Securities, Series CHAMT Trust 1997-7.

  • Regulation AB: Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed.

  • Regulation AB: Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed.


More Definitions of Asset Backed Securities

Asset Backed Securities means bonds or notes backed by loan paper or accounts receivable originated by banks, credit card companies or other providers of credit.
Asset Backed Securities means debt obligations or certificates of beneficial ownership that:
Asset Backed Securities means non-equity securities which either:
Asset Backed Securities means any Relevant Indebtedness that:
Asset Backed Securities means securities which typically entitle the holders thereof to receive payments that depend primarily on the cash flow from a specified pool of financial assets, either fixed or revolving, that by their terms convert into cash within a finite time period, together with rights or other assets designed to assure the servicing or timely distribution of proceeds to holders of such securities.
Asset Backed Securities means securities that provide a stated rate of return to holders of such securities and that are primarily paid, as to both return of investment and return on investment, by the cash flow from the collateral securing such payment obligations.
Asset Backed Securities or “ABS” means asset-backed Securities. These are a type of bond whose value and income payments are derived from an underlying pool of assets held by the issuer and are created through a process known as ‘securitisation’.