papier wartościowy zabezpieczony aktywami

For a second example of subordinated debt, consider asset-backed securities.

The expected final maturity for the asset-backed securities is July 15, 1993.

By mid-2007, cracks started to appear in markets for asset-backed securities.

The "price" of an asset-backed security is usually quoted as a spread to a corresponding swap rate.

This year, Citicorp has issued about $7 billion of asset-backed securities.

The entities then issue asset-backed securities to investors and provide businesses with access to new capital, often at a lower cost than is available elsewhere.

Last year, the firm traded $29.9 billion in asset-backed securities and earned net income of $90 million.

Companies that issue commercial paper, asset-backed securities and bonds want to sell early to be sure they find buyers.

This is the first public offering of asset-backed securities that do not have an estimated average life.

So far, the asset-backed securities have been sold almost exclusively to institutional investors.