China and the Credit Crisis

China and the Credit Crisis

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The most important technique was known as structured finance, and the process that led to it was called securitization, which simply meant ... To create a security, you needed legal title to an asset that generated regular cash flows, such as a mortgage or a credit card. ... and again on the one-off sales commission or spread which was charged on the sales price to the investor who bought the bundle.

Title:China and the Credit Crisis
Author: Giles Chance
Publisher:John Wiley & Sons - 2012-11-27

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