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What is foreclosure?
Foreclosure is a legal procedure whereby property pledged as security for a debt is sold by the lender to pay the debt in the event of default in repayment.
Foreclosure is a legal procedure whereby property pledged as security for a debt is sold by the lender to pay the debt in the event of default in repayment.
What is VAR?
VAR, Value Added Risk is a single number (currency amount) which estimates the maximum expected loss of a portfolio over a given time horizon (the holding period) and at a given confidence level.
VAR, Value Added Risk is a single number (currency amount) which estimates the maximum expected loss of a portfolio over a given time horizon (the holding period) and at a given confidence level.
What is Securitization?
A process by which a single assets are transferred from the balance sheet of the originator (bank) to a bankruptcy remote SVP (trust) in return for an immediate cash payment.
A process by which a single assets are transferred from the balance sheet of the originator (bank) to a bankruptcy remote SVP (trust) in return for an immediate cash payment.
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