Blog: Slicing Cash Flows for Better Ratings – Bloomberg

We talk from time to time around here about the cash-flow-slicing business. The way it goes is:

This is one of the main things that happens in finance. It describes how companies work — they issue debt and equity, etc. — and your mortgage, and banks. In its purest form, where you just have some set of cash flows and you slice them up into junior and senior claims, it is often called “securitization,” or “structured finance.”

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