Is credit card debt securitized?
Could you please clarify for me if credit card debt is indeed securitized? I've heard mixed opinions on this matter and I'm curious to know the truth. From my understanding, securitization involves pooling various types of assets, including loans and debts, and then selling them as securities to investors. Does this process apply to credit card debt as well, or are there specific rules and regulations that govern its securitization? Your insights would be greatly appreciated.
What assets can be securitized?
Could you elaborate on the range of assets that can potentially be securitized? Are we limited to traditional financial assets like loans and mortgages, or do modern innovations like digital currencies and non-fungible tokens (NFTs) also fall under this umbrella? Additionally, are there any specific criteria or requirements that an asset must meet in order to be considered suitable for securitization? It would be great to gain a deeper understanding of the types of assets that have been successfully securitized in the past and any potential future trends in this area.