As a matter of fact, not since 2006 has Ford Motor Credit been able to securitize any loans in the open market in Canada. |
We securitize loans primarily to obtain alternate sources of cost-effective funding. |
We also securitize residential and commercial mortgage loans for sales and trading activities. |
You can also securitize the projected cash flows, as noted finance theorist Robert Merton has recommended. |
We securitize credit card receivables through a trust that issues securities. |
So instead of carrying a letter of credit on a balance sheet, a creditor will securitize it and sell it on the open market. |