Trade Assets Tarnished by Securitisation Scare
December 2008 by
With capital markets in crisis, once-lauded risk-sharing structures have never had it so bad. Shouldered with a large share of the blame for the current financial mess, securitisation suddenly finds itself a dirty word. But for higher-quality trade assets, is the slander justified? And while corporates rely on invoice discounting to partly plug the gap, don’t banks need trade securitisation more than ever?