Securitisation Revives In Russia
30th April, 2012:
Securitisation seems to seeing the light of the day in Russia, with banks planning to securitise Diversified Payment Rights (DPR, payments due from companies and individuals availing banking services in Russia), with International Finance Corporation acting as the lead investor; banks securitizing mortgage loans and car loans. The issuances will be first securitization since 2008 crisis.
In the past, Russia has seen securitization of car loans, mortgages and credit cards receivables. However, post the crisis, securitization had vanished in thin air. With securitization making reappearance, it would be critical to see its acceptance in the financial markets and its impact thereupon.
Read more about securitization in Russia, on our Russia country page here.
[Reported by: Nidhi Bothra]