Promised Cash Flow Asset

From Open Risk Manual

Definition

Promised Cash Flow Asset. An asset which takes the form of some promised future cashflow. This may be securitized.

For example, exotic Cash ABS instruments may be created where the underlying asset is not a pool of securities or debt but a promised cash flow. People have securitized the cash flows of businesses, artists, mobile phone tower income, airplane leases, lotto receivables, etc.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.