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U.S. B2 Adds Asset-Backed Securities
Nov 1, 1994
Barra has developed an asset-backed securities (ABS) model and database for use in U.S. B2. The ABS model is targeted for release in January, 1994 and will include credit card, automobile, home equity loan and other securitized receivable issues. The new database will cover about 450 issues in the initial release and another 180 soon after. This article describes the asset-backed securities market, introduces the primary ABS deal structures, and briefly presents the practical implementation of the ABS model in Barra's U.S. B2 product.