n Investment Analysts Journal - Spotlight on the South African environment of securitisation-and asset-backed securities
|Article Title||Spotlight on the South African environment of securitisation-and asset-backed securities|
|© Publisher:||Taylor & Francis|
|Journal||Investment Analysts Journal|
|Author||E.G. Van den Berg and C.H. Van Schalkwyk|
|Publication Date||Jan 1998|
ISI Social Science
Extracted from text ... Number 47 - Part 4 EG van den Berg and CH van Schalkwyk Spotlight on the South African environment of securitisation-and asset-backed securities 1. Introduction Internationally securitisation and asset-backed securities have found wide application within the lending and investment environment. Securitisation originated in the United States of America, the first application being the repackaging of mortgage cash flows into mortgagebacked securities. It is believed that the outstanding asset-backed securities as a result of mortgage securitisation in that country amounts to $691 bn (Fanie Mae, 1997). Securitisation and asset-backed securities have grown substantially in the United States of America and their ..
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