Transferred Receivable

From Open Risk Manual

Definition

A Transferred Receivable in a securitisation context is a financial asset, (typically Loan Or Credit) that is transferred from the Seller to the Issuer of the securitisation. As part of the asset portfolio it forms the principal economic basis on which the liabilities of the securitisation (the Notes) are based.

Details

ESMA Templates for Receivables

Receivables for securitisations that fall under the supervision of ESMA must be documented minimally following the guidelines of the ESMA Securitisation Template


Variations

Whether the assets are "truly" sold to the Issuer according to applicable law may differ by jurisdiction

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

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