Posts Tagged ‘asset-backed’

Harley-Davidson in motorcycle loan securitization

Monday, November 23rd, 2009

Underwriters are marketing a $562 million Harley-Davidson Motorcycle Trust asset-backed sale to investors on Monday to be sold under the Federal Reserve’s emergency loan program, market sources said.

The securities backed by motorcycle loans will be sold under the Fed’s Term Asset-Backed Securities Loan Facility, known as TALF, under its next loan subscription round scheduled for Dec. 3.

Read the whole story @ Reuters

ECB to Tighten ABS Requirements

Friday, November 20th, 2009

The European Central Bank on Friday announced its first active step to unwind the extraordinary stimulus measures it has used to support the financial sector since the global crisis last year.

The bank said it will tighten the standards by which it accepts certain asset-backed securities as collateral for its refinancing tenders.

Read the whole story @ WSJ