Securitization India
Securitization Market in India
Securitization issuance in emerging markets
Country Issuance in $bn Asia
Taiwan South Korea India Singapore Malaysia Indonesia Japan 1.9 26 6.67 1.2 0.4 0.6 81 Brazil Mexico Argentina Chile Peru Columbia Others
Country
Issuance in $bn Country
Issuance in $bn EEMEA
Latin America
4.8 4.3 1.5 0.9 0.7 0.5 1.3 Turkey
4.5 2.2 1.7 0 0.2
South Africa Egypt Russia Others
Asia
117.77
Latin America
14
EEMEA
8.6
Emerging markets total $ 53 bn in 2005.
Securitization issuance in emerging markets
Securitization issuance in emerging markets
30
Issuance ($bn)
25 20 15 10 5 0
Billion $
ia M al ay si a
B ra zi A l rg en tin a
an
Country
So u
th er s th A fr ic a
Ta iw
R us si a
In d
O
Pe ru
The three stages of securitization in India
The early years The growth phase The new era
Securitization in India: Landmarks
First auto loan securitization First MBS RBI issues First partial guarantee First multi- guidelines on (PG) rated structure asset CDO securitization
1992
2000
2001
2002
2004
2006
First securitization including property receivables
The early years
First offshore transaction backed by aircraft purchase receivables The Growth Phase
First revolving securitization involving working capital facilities The new era
The three stages of securitization in India
Securitization began with the sale of consumer loan pools. Originators directly sold loans to buyers. Originators acted as servicers and collected installmenst due on the loans. Creation of transferable securities backed by pool receivables (known as PTCs) became common in late 1990s.
The three stages of securitization in India
In 1990s, there were only six or seven issuances per year. Average issue size was about Rs.450 million. The volume of issuances grew exponentially beginning in 2000 due to rapid growth of consumer finance. Investors acceptance
Securitization issuance in emerging markets
Country Issuance in $bn Asia
Taiwan South Korea India Singapore Malaysia Indonesia Japan 1.9 26 6.67 1.2 0.4 0.6 81 Brazil Mexico Argentina Chile Peru Columbia Others
Country
Issuance in $bn Country
Issuance in $bn EEMEA
Latin America
4.8 4.3 1.5 0.9 0.7 0.5 1.3 Turkey
4.5 2.2 1.7 0 0.2
South Africa Egypt Russia Others
Asia
117.77
Latin America
14
EEMEA
8.6
Emerging markets total $ 53 bn in 2005.
Securitization issuance in emerging markets
Securitization issuance in emerging markets
30
Issuance ($bn)
25 20 15 10 5 0
Billion $
ia M al ay si a
B ra zi A l rg en tin a
an
Country
So u
th er s th A fr ic a
Ta iw
R us si a
In d
O
Pe ru
The three stages of securitization in India
The early years The growth phase The new era
Securitization in India: Landmarks
First auto loan securitization First MBS RBI issues First partial guarantee First multi- guidelines on (PG) rated structure asset CDO securitization
1992
2000
2001
2002
2004
2006
First securitization including property receivables
The early years
First offshore transaction backed by aircraft purchase receivables The Growth Phase
First revolving securitization involving working capital facilities The new era
The three stages of securitization in India
Securitization began with the sale of consumer loan pools. Originators directly sold loans to buyers. Originators acted as servicers and collected installmenst due on the loans. Creation of transferable securities backed by pool receivables (known as PTCs) became common in late 1990s.
The three stages of securitization in India
In 1990s, there were only six or seven issuances per year. Average issue size was about Rs.450 million. The volume of issuances grew exponentially beginning in 2000 due to rapid growth of consumer finance. Investors acceptance