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November 1997

Asset Securitization

This publication is part of:

Collection: Comptroller's Handbook

Series: Safety and Soundness

Category: Liquidity


This booklet provides an overview of securitization, associated risks, and effective risk management. It also addresses accounting, legal, and tax issues; basic structures of asset-backed securities; how various types of transactions are structured; and how the cash flows of these instruments work.


This booklet applies to the OCC's supervision of national banks. References to national banks in this booklet also generally apply to federal branches and agencies of foreign banking organizations. Refer to 12 USC 3102(b) and the "Federal Branches and Agencies Supervision" booklet of the Comptroller's Handbook for more information. For information applicable to federal savings associations, refer to former Office of Thrift Supervision Examination Handbook section 221, "Asset Securitization."