# Originator

- Canonical URL: https://www.gerhardmerk.de/originator
- Post ID: 590672
- Modified: 2023-07-25T21:12:45+00:00
- Language: en

## Definition

Bank that securitizes receivables, often also referred to as the originating bank (the entity that originated the assets to be securitised). - Sometimes, instead of originator, one also speaks of initiator. However, this term should only be used for a company that establishes a special purpose vehicle that does not have securitization of receivables as a business purpose, such as a leasing special purpose vehicle or a pension fund company. - (re)insurance company that securitizes assumed risks via - mostly tranched - catastrophe bonds, usually to Hedge fund passes on. - See back-to-originator postulate, single-originator securitization, embedded-value securitization, insurance-linked securities, credit extension, credit card fiasco, credit commitment, irrevocable, originate-to-distribute strategy, package, pay-green initiative, pool, rating, reintermediation, retrocession, kickback effect, repayment, early, tranche, securitization, securitization paper retention, XXX-insurance-linked securities, special purpose vehicle. - Cf. Deutsche Bundesbank Monthly Report of September 2004, p. 85 f., Deutsche Bundesbank Monthly Report of March 2006, p. 40 (overview), BaFin Annual Report 2008, p. 55 (retention rules). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1