Question by Dang: Credit Securitization: how exactly does it work?
Say I have a portfolio of 100 credit card customers, what are the technical steps to securitize it? E.g. how do I do the following:

1) Data Mining
I assume the first step is some sort of database/spreadsheet (MS Excel?) with the debtors info, how does one quickly sort what slots in each tranche? Some sort of macro/algorithm?

2) Credit Rating
How does one benchmark what the risk of the tranches are? Do I simply go to Moodys and ask them to look at them and that’s it??

3) Issuance
Once we have a plan of which receivables we want in each tranche, what then? Do we go to a legal firm to issue the bonds?

Team Size Required:
How many people would I need in a small securitization team? What sort of experience would they require if we were just doing basic credit card pfolio?

Basically I am looking to set up my own niche securitization venture…I have no background in securitization though!

Thanks!

Best answer:

Answer by ADAM S
Read This : – ” Credit Card Securitization – An Overview ”

Here : – http://www.flixya.com/post/GOLDCash360/767657/

.+.

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