Dejan Vukosavljević – University UNION – Nikola Tesla, Belgrade, Faculty of Management, Sremski Karlovci, Serbia
Danijela Vukosavljević – University UNION – Nikola Tesla, Belgrade, Faculty of Management, Sremski Karlovci, Serbia
DOI: https://doi.org/10.31410/EMAN.2021.43
5th International Scientific Conference – EMAN 2021 – Economics and Management: How to Cope With Disrupted Times, Online/Virtual, March 18, 2021, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-43-1, ISSN 2683-4510
Abstract:
Securitization is in wide use and a component of many risk transfer mechanisms between
various parties. It is based on selling risky assets in absolute form, as well as the synthetic transfer of
specific risk aspects. This paper aims to define securitization, various contexts of its use, transaction
participants and their motivation. Securitization in practice is a process in which loans, receivables and
other assets are gathered into pools (packages). Money flows in connection with them are employed as
well as economic value as support to securities settlements. Securitization is turning illiquid securities
and illiquid assets into liquid securities and liquid assets. The final result of securitization is providing
funding for activities of companies by selling their assets gathered into pools (packages), instead of
using loans. Methods used in this paper are desk research, as well as the method of analysis, practical
application worldwide, etc. This paper proves that securitization can practically be based on any asset
the relative value of which can be determined, or which generates relatively predictable future income
flow, which does contribute to providing funding of current business activities of a company.
Keywords:
Securitization, Pool, Assets, Risks.
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