Securitization is a widely-used arrangement for selling receivables.Many companies use credit card securitization and other forms of securitizations as part of their overall financing strategies.
Required:
Explain the nature of securitization,how it can be implemented,and the appropriate accounting procedures related to a securitization.Include in your discussion the effects of recourse provisions on the securitization.

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The Answer of Securitization is a widely-used arrangement for selling receivables.Many companies use credit card securitization and other forms of securitizations as part of their overall financing strategies.
Required:
Explain the nature of securitization,how it can be implemented,and the appropriate accounting procedures related to a securitization.Include in your discussion the effects of recourse provisions on the securitization.

Securitization Is a Widely-Used Arrangement for Selling Receivables