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Natwest and Securitisation


underdog13
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Securitization

The process by which a company packages its illiquid assets as a security. For example, when a company makes an initial public offering, it effectively packages the company's ownership into a certain number of stock certificates. Securities are backed by an asset, such as equity, or debt, such as a portion of a mortgage. Securitization allows a company access to greater funding to expand its operations or investments, or some other reason.

 

In laymans terms they sell the debt on -usually to an SPV, often registered in a an offshore taxhaven; to whit they are no longer the owners of the debt and do not have the right to take the debtor to court themselves.

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securitisation does not relate to whether the loan in question is secured or unsecured - it's simply a way for them to offload their debt book.

In that case I refer you to the first part of post 2. I have no idea, apologies.

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FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

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