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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (11969)	12/31/1999 2:07:00 AM
From: stilts	Read Replies (1) \| Respond to of 21876

Chuz, I suspect you have never dealt with securitization transactions. Perhaps you retired before they hit the scene in the late 80s, and revolutionalized commercial banking. I would guess that the unaffiliated "entities managed by banks", i.e., the buyers of the $600 million of receivable-backed securities issued by the QSPE, are mutual fund type entities such as those that purchase other asset-backed securities. Other types of assets backing asset-backed securities include prime loans, credit card receivables, auto loans, etc.