Issuer Swap Counterparty
From Open Risk Manual
Definition
The Master Receivables Transfer Agreement is the principal mechanism by which the Issuer acquires assets (Transferred Receivable) from the Seller at the initiation of the securitisation.
Details
The Transfer Agreement will typically spell out in detail the nature of the transferred assets. For transactions involving a Revolving Period over which new assets may be purchased to replace maturing and/or defaulting assets, the transfer agreement only describes the initial condition of the asset portfolio
Variations
None
Issues and Challenges
None
See Also
None
Disclaimer
- This information is provided as is without any representation of correctness, completeness or suitability for any purpose whatsoever. Refer to actual securitisation prospectuses for the definitive terms applicable in each case
- Definitions, detailed descriptions and other content may change at any time as further examples or relevant aspects are introduced
