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Account Eligibility Criteria for Japanese Structured Finance Transactions Refined Feb 02
Standard & Poors, Feb 2002
Abstract
TOKYO (Standard & Poor's) Feb. 4, 2002--Standard & Poor's has refined its criteria related to bank account eligibility for structured financings in Japan to include the concept of bank survivability-in addition to the long-relied upon short-term counterparty credit rating-in determining eligible bank institutions. Standard & Poor's will hold a Japanese-language teleconference on Monday, Feb. 4, at 5 p.m. in Tokyo to discuss the revised criteria (see below for details). Standard & Poor's eligible account criteria are intended to ensure that a structured financing's payments, cash proceeds, and distributions are isolated from the potential insolvency of any bank entity that provides account services to the transaction. Prior to the refinement, Standard & Poor's criteria relied solely on a bank entity's short-term...
Companies mentioned in this report are: Japan (Unsolicited Ratings)
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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