Definition: Securitization

SNA

Securitization occurs when a unit, named the originator, conveys the ownership rights over financial or nonfinancial assets or the right to receive specific future flows, to another unit, named the securitization unit (SNA 2008, § 22.131). 

Securitisation is the process of issuing new negotiable securities backed by existing assets such as loans, mortgages, credit card debt, or other assets (including accounts receivable) (SNA 1993, § 11.75).
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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