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Regarding this, what is securitization and its process?

Securitization is the process of taking an illiquid asset or group of assets and, through financial engineering, transforming it (or them) into a security. A typical example of securitization is a mortgage-backed security (MBS), a type of asset-backed security that is secured by a collection of mortgages.

Subsequently, question is, what is a securitization vehicle? Securitization Vehicle means one or more special purpose vehicles that are, directly or indirectly, wholly-owned Subsidiaries of the Company and are Persons organized for the limited purpose of entering into a Securitization Financing by purchasing, or receiving by way of capital contributions, sale or other transfer,

Consequently, what is the purpose of securitization?

Securitization is the procedure where an issuer designs a marketable financial instrument by merging or pooling various financial assets into one group. It can involve the pooling of contractual debts such as auto loans and credit card debt obligations.

What is a securitized product?

Securitization describes the process of pooling financial assets and turning them into tradable securities. The first products to be securitized were home mortgages. The SPV issues bonds to finance the purchase of the assets; these bonds can be traded in the marketplace and are referred to as securitized products.