Dear David: On your webinar 「2010-7-d-Operational」 page 20: Securitization True-sale condition: 1. Risk to 3rd party 2.

Seller doesn’t control 3. Securities not obligations 4. SPE holder rights Because I couldn’t understand what is True-sale condition you just mentioned, I tried to find it in「International Convergence of Capital Measurement and Capital Standards」. But I couldn’t find any discussion of this topic! Could you kindly point out on which page this topic be discussed in「International Convergence of Capital Measurement and Capital Standards」? And could you try to give a example about Securitization?

Like the example you showed about Mitigation. Hi ckyeh, You are right, the actual term 'true sale' isn't in the Accord. Professional League Keygen Photoshop. Jorion in the handbook summarizes (although the actual 'true sale' in the assignments is found in Culp's chapter on securitization): 'Finally, the New Accord also deals explicitly with securitization, which involves the economic or legal transfer of assets to a third party, typically called special purpose vehicle (SPV). Examples are asset-backed securities such as collateralized loan obligations, where the underlying asset is a pool of bank loans. Because of the high regulatory cost of keeping loans on their balance sheets, banks are now routinely transforming loans into tradeable securities. The securitization process is explained in Chapter 7. A bank can remove these assets from its balance sheet only after a true sale, which is defined using clean break criteria.