Practice Guide Securitisation 2024

1. Specific Financial Asset Types

1.1 Common Financial Assets

According to the report by the Japan Securities Dealers Association and the Japanese Bankers Association (Securitisation Market Trends Survey Report – Issuance Trends in Fiscal 2022), the total issuance amount of securitisation products in fiscal year 2022 was JPY4,819.9 billion, decreasing 13.0% from fiscal year 2021, while the number of issues was 190, 1.0% down year-on-year.

The report also shows that there was an increase in the securitisation product issuance amount for fiscal year 2022 by underlying assets, the amount of consumer loan, whereas RMBS, CDO, leases, shopping credits, sales receivables/commercial bills and “others” decreased. In addition, looking at the securitisation product issuance amount by product type, the amount of “trust beneficiary rights” was JPY2,679.7 billion (55.6% of the total), followed by bonds with JPY1,639.5 billion (34.0%).