I searched the Internet and got confused with all these different definitions of securitization in DCM. Can someone please explain to me a little? Appreciate it in advance.
| +150 | Senior Banker's Guide to IB Recruiting / Group Placement (with a Healthcare Bent) | 19 | 2h |
| +120 | Is pay at BofA really that bad? | 60 | 7h |
| +97 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 18 | 1h |
| +88 | Day at Macquarie | 12 | 7h |
| +44 | Is the life of a VP at a 'top-bank' really good? | 15 | 3d |
| +44 | How bad did I mess up | 10 | 13h |
| +31 | Misrepresented Houston IB | 14 | 18h |
| +29 | Law school instead of MBA for RX Banking | 6 | 11h |
| +29 | No BB RO 2026 | 10 | 2d |
| +28 | JPM SMALL CAP or WF/JEF/RBC Coverage group | 13 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I would assume it's referring to the assets the bondholders have secured in case of default.
Securitization is the process where bonds are issued based off of the cash flows of an asset. The most common asset is a mortgage, but technically the cash flows from any asset can be securitized (credit cards, a vending machine, auto loans, student loans,ect). Securitization bankers are split into different product groups (ie CMBS bankers, RMBS bankers, ABS bankers). These bankers provide due diligence and work with clients to see which loans/assets will be securitized. A credit card company (client) may want to securitize credit card debt so that it can collect some money and get it off of its balance sheet...bankers do the due diligence and see at what levels they could offer the debt. They may also be involved in the structuring side of the deal in terms of fixed and floating rate tranches. They work closely with Securitized Products syndicate desk who will place the deal with clients...if the bank cannot place the deal and is not willing to take it onto its balance sheet then the deal needs to be restructured or it dies.
Vero vel quos ut quasi numquam. Voluptas consequatur quia quia animi molestiae. Dolor explicabo numquam odit ipsa hic ut voluptatem. Soluta rerum quia odio quaerat minus voluptas. Rerum vero delectus porro veniam esse inventore. In autem et ex voluptate iusto qui sed.
Hic ea sunt officiis voluptatem debitis voluptates vel corrupti. Consequatur voluptatem quaerat amet velit. Asperiores earum aut ut fugiat. Libero quis aliquam sed omnis minima id quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...