As the securitisation markets in Asia continue to develop, structures and techniques which have gained prominence in other jurisdictions especially the United States and European countries may have application in Asia.
This article will examine two particular securitisation techniques which are popular in other parts of the world and examines their potential impact in Asia.
Whole Business Securitisation
Whole business securitisation WBS - sometimes called operating company securitisation - falls somewhere between a secured loan and a future flow transaction. It is essentially a securitisation of cash flow without any actual assignment of that cash flow, often because...