Types of asset-backed securities

Abstract

Abstract: Securities backed by assets vary, they are not issued in one type, but in multiple types, some of which are supported by assets and these assets may be real estate represented by buildings and houses and allocated to loans that are intended to buy a property, or they may be movables represented by cars, credit cards and receivables, and the Egyptian legislator has introduced another type under the latest amendment to the Capital Market Law, as the legislator allowed the issuance of securities that are supported by cash flows. The future of those assets as the assets remain the property of the commercial enterprise.