Signup
LoginBabcock & Brown Structured Finance Fund Limited
8 posts
-
-
I checked their website and it seems that they classify their business into 3 categories: Operating Lease Assets, Loan Portfolio and Securitization Assets and Alternative Assets.
In layman's terms:
Operating Lease Assets: They have a share in fixed assets that provide rent as a cashflow.
Loan Portfolio and Securitization Assets: They have a portfolio consisting of a multitude of loans made out to different firms and sectors.
Alternative Assets: Basically other types of "loan assets" not covered in the first two categories. Currently, their looking into renewable fuels and alternative energy loan exposure.
In even layman's terms, their a fund whom cashflow comes from loans.
-
-
-
Originally posted by Paradise Lost:I checked their website and it seems that they classify their business into 3 categories: Operating Lease Assets, Loan Portfolio and Securitization Assets and Alternative Assets.
In layman's terms:
Operating Lease Assets: They have a share in fixed assets that provide rent as a cashflow.
Loan Portfolio and Securitization Assets: They have a portfolio consisting of a multitude of loans made out to different firms and sectors.
Alternative Assets: Basically other types of "loan assets" not covered in the first two categories. Currently, their looking into renewable fuels and alternative energy loan exposure.
In even layman's terms, their a fund whom cashflow comes from loans.this is wat i dun understand.... it is not the normal kinda loan I know of... It's more complicated instruments.....
And 1 more thing i worry abt is i wondered if they are into the US sub-prime montgage thingy
-
-
-
Originally posted by sunny6110:this is wat i dun understand.... it is not the normal kinda loan I know of... It's more complicated instruments.....
And 1 more thing i worry abt is i wondered if they are into the US sub-prime montgage thingyI think their just trying to make it sound high class.
Any way one interprets it, its just basically a portfolio of loans obtained from the securitization process.
And yes, thats basically how the CDO fallout stems from: Banks providing loans to masses of poor credit home owners and securitize them through issuing bonds and equity notes so complex and jumbled that its hard to assign a valid credit rating to.
So your worries are not unfounded.
-
-
-
Just read its financial report.
"BBSFF has no existing direct or indirect exposure to this sector and will not consider any investments in this sector until BBSFF believes there is greater clarity in the market and it considers itself able to assess the transactions.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_46FE5B9440B584A4482573920082FCFE/$file/30September2007SGXReport-fina.pdf?openelement
-
