An Introduction to Securitization | FRM Study Notes - AnalystPrep
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An Introduction to Securitization | FRM Study Notes - AnalystPrep
In this chapter, an in-depth definition of securitization is given and its process is described. The role of participants in the securitization process is explained, along with terminologies that include over-collateralization, first-loss piece, equity piece, and cash waterfall within the collateralization process.
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