Instrument Item: FASIT - Financial Asset Securitization Investment Trust
Generated on 2014/06/19 at 04:58:10 AM
Instrument Item: FASIT - Financial Asset Securitization Investment Trust
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| Description (HTML) | 'Financial Asset Securitization Investment Trust (FASIT) is a financing tool that allows for the securitization of non-mortgage assets and usually involves debt obligations with short maturities such as credit card receivables, home equity loans and car loans. Financial Asset Securitization Investment Trust (FASIT) is similar to Real Estate Mortgage Investment Conduits (REMIC), created under the Small Business Job Protection Act of 1996.
FASITs are often attractive securitization vehicles because of their inherent flexibility. To qualify as a FASIT, an entity has to: elect to be treated as one, hold only eligible assets and have a single owndership interest, among other requirements. |
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| Source Description | Investopedia | ||||||
| Source URL | http://www.investopedia.com/terms/f/financial-asset-securitization-investment-trust-fasit.asp | ||||||
| Document | No document attached... | ||||||
| Lifecycle - Exist Start Date | UNKNOWN | ||||||
| Lifecycle - Exist End Date | UNKNOWN | ||||||
| Item Quality Status (Item Quality Status) | Acceptable | ||||||
| Updated by | webea.09 | ||||||
| Updated on | 2014-05-13 15:36:02 | ||||||
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