Securitization

Securitization is the design of financial instruments (bonds fixed or variable) backed by asset flows from different nature. This is perfected through a forward purchase of assets by separate assets which in turn financed by the bond public offering placed on the market. Securitized assets as defined in the Act are:

  • Mortgage bonds and mortgage loans.
  • Lease purchase with promise and their respective homes.
  • Credits and rights to payment flows arising from public works, construction of infrastructure for public use national property for public use or concessions for these goods or works.
  • Other receivables and rights to writing and have the character transferred.
  • Rights on payment flows.

The basic requirement for securitization is that the act of transfer of assets (flows) to securitize, they should not be assigned to liens, encumbrances or prohibitions of any kind, nor of judicial measures restricting the domain.

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