Mikan · 2021年02月04日
NO.PZ2016031002000034
问题如下：
In a securitization, the firm that is securitizing financial assets is best described as the:
选项：
A.seller.
B.SPE.
C.servicer.
解释：
A is correct.
In a securitization, the firm that is securitizing financial assets is described as the seller because it sells the assets to the SPE. ABS are issued by a special purpose entity (SPE). The servicer is the entity dealing with collections on the securitized assets.
想问一下SPE发行ABS这个过程不算是securitizing嘛
吴昊_品职助教 · 2021年02月06日
同学你好：
两题不矛盾，分清楚资产证券化中的各个机构的角色即可。
originator指资产证券化的发起人，一般就是那些银行，同时也能叫seller，因为银行会把资产卖给SPE；也就是我们这道题In a securitization, the firm that is securitizing financial assets is described as the seller。想要把资产证券化的firm就是指资产证券化的发起人，即银行。
真正发行结构化证券的是SPE，也就是issuer；所以你说的另一题就选A。In a securitization, the special purpose entity (SPE) is responsible for the issuance of the asset-backed securities.专门负责发行结构化证券，强调的是issuance。
而C选项servicer是帮忙提供服务、做一些杂事的人。
