Can anyone explain to me what a "whole business securitisation is"? A securitisation is a financing with recourse limited to distinct assets of a business rather than to the business itself. So the term "whole business securitisation" sounds like a contradiction. So what is it, and what does it achieve that a normal securitisation or secured lending does not achieve?
Posted on Aug 9, 2002, 11:46 AM from IP address 194.117.133.118