Structures
ABS
status: draft
Asset-backed securities. Notes backed primarily by cash flows from a defined pool of financial assets rather than by the originator corporate balance sheet.
What to watch
Focus on collateral performance, credit enhancement, triggers, servicing, and whether excess spread survives your downside case.
Referenced in 170 topics
ABF as an asset class for portfolio construction playbooks ABF fund operations team structure operations-lifecycle ABF vs. traditional lending (when ABF makes sense, when it doesn't) foundations Accessing insurance capital for originators playbooks Accounts and cash management mechanics Advance rates and the borrowing base mechanics Advanced waterfall mechanics mechanics Aircraft leases asset-classes Alternative capital sources overview capital-sources Amortization and repayment mechanics Approaching banks for warehouse capital playbooks Auto loans and leases asset-classes Back leverage (provider perspective) capital-sources Back leverage and fund financing playbooks Backup servicers counterparties Basel III/IV capital treatment regulatory BNPL receivables asset-classes Breaking into ABF playbooks Bridge / fix-and-flip asset-classes Broadly syndicated loan CLOs asset-classes Building an ABF team playbooks Building an originator pipeline playbooks Calculation agents and data agents counterparties Captive insurance companies capital-sources Careers at originators playbooks Cash flow modeling accounting-valuation CECL and accounting considerations accounting-valuation Cell tower and data center ABS (digital infrastructure) asset-classes Choosing the right structure playbooks Collateral analysis accounting-valuation Collateralized loan obligations (CLOs) structures Conduit and ABCP programs structures Container leases asset-classes Credit agreement and indenture documentation Credit analysis accounting-valuation Credit card receivables asset-classes Credit funds and private capital capital-sources Credit-linked notes / synthetic securitizations structures Data and analytics infrastructure operations-lifecycle Deal timeline matrix appendix Distressed market playbook market-landscape Economic terms negotiation playbooks Education and vocational receivables asset-classes Entity types and tax considerations legal Equipment leases and loans asset-classes ESG and sustainability-linked structures market-landscape Evaluating a credit fund's ABF strategy playbooks Evaluating portfolio quality and performance playbooks Fair value hierarchy accounting-valuation Family offices as ABF capital providers playbooks Financing progression roadmap playbooks Finding capital providers market-landscape Finding legal and advisory firms market-landscape Finding service providers market-landscape Finding the right capital partner playbooks Forward flow agreements structures Fund accounting and administration for ABF operations-lifecycle Fund compliance and regulatory for ABF operations-lifecycle Fund operations infrastructure for ABF operations-lifecycle Healthcare receivables asset-classes Hedging and interest rate mechanics mechanics Home equity and helocs asset-classes How ABF works (5-minute overview) foundations How to benchmark your deal against the market playbooks Industry infrastructure market-landscape Insurance ALM constraints capital-sources Insurance capital capital-sources Investment Company Act exemptions legal Investor and SEC reporting operations-lifecycle Key counterparties for credit funds playbooks Key participants asset-classes Legal counsel counterparties Legal opinions and third-party reports documentation Litigation finance asset-classes Managing legal costs playbooks Managing multiple facilities playbooks Mark-to-model practices accounting-valuation Market data and public datasets market-landscape Market intelligence market-landscape Market spreads guide market-landscape Marketplace lending and fintech-originated asset-classes Music royalties and content IP asset-classes NAIC designations and regulatory framework capital-sources NAIC filing and designation deep dive legal NAV and liquidity considerations accounting-valuation Navigating the deal process playbooks Negotiation strategy playbooks Non-agency RMBS / non-QM / investor-purpose asset-classes Offering and disclosure documents documentation Offering document preparation documentation Ongoing portfolio management operations-lifecycle Ongoing portfolio management (capital provider) playbooks Other capital sources capital-sources Other counterparties counterparties Participant directory market-landscape Participation structures structures Pension funds as direct investors capital-sources Performance metrics accounting-valuation Performance reporting operations-lifecycle Personal / unsecured consumer loans asset-classes Portfolio monitoring for ABF funds operations-lifecycle Portfolio surveillance operations-lifecycle Portfolio valuation accounting-valuation Powersports (RV, marine, motorcycle) asset-classes Premium finance asset-classes Pricing and relative value accounting-valuation Pricing negotiation playbooks Primary market process market-landscape Private placement / bespoke structures structures Private placement memorandum (PPM) documentation Public markets and retail access capital-sources Questions to ask your legal team playbooks Rail cars and rolling stock asset-classes Rating agencies counterparties Rating agency engagement for funds playbooks Reading the credit cycle market-landscape Regulatory and compliance legal Revenue-based financing asset-classes Revolving, prefunding, and reinvestment mechanics Risk factors documentation Risk retention rules legal Rule 144A offering circular documentation Sample waterfall appendix SEC-registered prospectus documentation Secondary market and liquidity market-landscape Selecting and working with trustees playbooks Selecting your law firm playbooks Servicer fundamentals counterparties Servicer selection and oversight playbooks Servicing operations operations-lifecycle Shipping and maritime finance asset-classes Single-family rental (SFR) asset-classes Small business loans (including SBA 7(a)) asset-classes Solar / renewable energy (PACE, PPA, solar loan) asset-classes Sourcing ABF deals playbooks Sourcing capital for your portfolio playbooks Sourcing capital for your portfolio playbooks SPVs and bankruptcy remoteness legal Structuring deals for investor appeal playbooks Student loans (federal and private) asset-classes Tax classifications explained legal Term securitization (ABS/MBS) structures The ABF ecosystem (players, roles, and how they interact) foundations The economics of ABF for originators (worked examples) playbooks The originator's readiness assessment playbooks The waterfall mechanics Timeshare receivables asset-classes Top capital provider mistakes playbooks Top deal process mistakes playbooks Trade receivables and supply chain finance asset-classes Transaction agreements documentation Transitioning between capital providers playbooks Treasury management for multi-facility originators playbooks Trigger negotiation strategies mechanics Triggers, tests, and performance events mechanics True sale and perfection legal Trustees counterparties Understanding back leverage (LP perspective) playbooks Understanding deal fees playbooks US entity types for ABF legal Valuation methodologies accounting-valuation Volcker Rule implications legal Warehouse facilities structures What capital providers care about playbooks What is negotiable by structure type playbooks Whole business securitization asset-classes Whole loan sale and forward flow strategies playbooks Whole loan sales structures Working with credit funds playbooks Your loan tape: what lenders actually look at playbooks