Securitizadora Security GMAC-RFC

A revolving mortgage credit backed credit facility (warehouse facility) to purchase and accumulate mortgages until a sufficient volume is reached to be pooled, issued as RMBS and sold to the Chilean capital markets and one or more partial credit guarantees to support the issuance of the RMBS program.

Project Detail

Country

Chile

Project Number

CH-L1017

Approval Date

December 20, 2006

Project Status

Cancelled

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

CAPITAL MARKET DEVELOPMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 80,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 80,000,000.00

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Preparation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1079845749-553

Project Abstract

Securitizadora Security GMAC-RFC [763100].PDF

Jun. 29, 2006

English

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