Securitised Receivables

  • Ron Paterson


Securitisation is a process whereby finance can be raised from external investors by enabling them to invest in parcels of specific financial assets. Domestic mortgage loans are so far the most common type of assets to be securitised in the United Kingdom, but in principle the technique can readily be extended to other assets, such as credit card receivables, other consumer loans, lease receivables and so on.


Balance Sheet Financial Asset Mortgage Loan Capital Adequacy Ratio Financial Liability 
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  1. 1.
    ED 49, para. D.10.Google Scholar
  2. 2.
    Ibid., paras. D.11 and 12.Google Scholar
  3. 3.
    Ibid., paras. D.14.Google Scholar
  4. 4.
    FRED 4, Application Note D, para. D9.Google Scholar
  5. 5.
    Ibid., para. D20.Google Scholar
  6. 6.
    These conditions are discussed further in paras. D10 to D12 of the Application Note.Google Scholar
  7. 7.
    Ibid., para. D21.Google Scholar
  8. 8.
    Ibid., para. D22.Google Scholar
  9. 9.
    Ibid., para. D23.Google Scholar
  10. 10.
    The reasons for this are explained in para. D15 of the Application Note.Google Scholar
  11. 11.
    FRED 4, paras. 32 and 80, and Application Note D, para. D25.Google Scholar
  12. 12.
    E40, Accounting for Financial Instruments, IASC, September 1991, para. 28.Google Scholar
  13. 13.
    Ibid., para. 32.Google Scholar

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© Ron Paterson 1993

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  • Ron Paterson

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