CRI explained

Category: Capital Relief Trades ABS

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Stephen Taylor, head of structured and capital solutions EMEA at Aon Risk Solutions, outlines the benefits of credit risk insurance for securitisations

Q: What is credit risk insurance?
A: Credit risk insurance (CRI) is used to transfer credit risk to insurers. One of the benefits of using CRI in securitisation structures is that this credit enhances the asset pool (subject to the legal/accounting treatment) and can make the portfolio more attractive to lenders.

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