Väärtpaberistatavad

Väärtpaberistatavad refers to the process of converting certain financial assets or rights into tradable securities. This transformation allows these assets to be bought and sold on financial markets, increasing their liquidity and accessibility. Essentially, it's about creating a standardized instrument that represents ownership or a claim on an underlying asset or future cash flows.

Examples of assets that can be securitized include mortgages, auto loans, credit card receivables, and future revenue streams. In the securitization process, these assets are pooled together and then used as collateral for issuing new securities. These securities, known as asset-backed securities (ABS), are then sold to investors. The cash flows generated by the underlying assets are then used to pay interest and principal to the holders of these securities.

The primary purpose of securitization is to transfer risk from the originator of the assets (e.g., a bank) to investors. It also allows originators to raise capital more efficiently by selling off assets from their balance sheets. For investors, securitization offers opportunities to invest in diversified portfolios of assets that might otherwise be inaccessible. However, the complexity of securitized products can also introduce significant risks, as demonstrated during the 2008 financial crisis.