A legal entity created solely to serve a particular function, such as the facilitation of a financial arrangement or creation of a financial instrument

An asset-backed security (ABS) is a financial security backed by a loan, lease, receivables, listed assets or shares of a company.

Securitization is the process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors, and this process can encompass any type of financial asset and promotes liquidity in the marketplace.

Bond with a maturity period of five years or less.

Entity (usually a bank) that pays a bond issue’s periodic interest and principal to the bondholders on behalf of the bond issuer.

Date on which a security is issued. In case of a bond, the date from which a bondholder is entitled to receive interest irrespective of the date the bond was purchased or delivered.

Date on which a contractual agreement, financial instrument becomes due for settlement.

A central securities depository (CSD) is a specialist financial organization holding securities such as shares either in certificated or uncertificated (d ematerialized) fo rm so that ownership can be easily transferred through a book entry rather than the transfer of physical certificates We work with Euroclear/Clearstream.

The Programme is the keystone for the bonds/notes issued by the Issuer. Approved by the Board of the Issuer, it is the document which defines the rules under which the Issuer issues the bonds/notes to be purchased by the investors and the roles of all the actors taking part in the issuances.