The securitization SPV may issue one or several types of securities which are linked to the underlying asset (find out which assets are eligible).
The Securitisation Undertaking may issue securities of different type among which:
- Units : Equivalent to a share in the equity of the Securitisation Undertaking, it gives right to the dividend distributed and to the proceed of liquidation
- Certificates: Directly linked to the underlying asset
- Bonds: Debt instrument issued by the undertaking with a fixed or variable coupon which may be redeemable periodically or at the end of the securitisation process.
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