Credit, Interest Rate and Prepayment Risks of Subordinated Interests Retained Following Securitization
First written in FY2018. 5 of 6 entries say "Restated". Latest entry: FY2022.
1 other company's latest entry also says "Restated".
- FY2022RestatedAnnual report
「The interests retained by the company and its subsidiaries are exposed to the credit risk, interest rate risk and prepayment risk of the transferred assets. In particular, subordinated interests are exposed to credit and prepayment risks that differ from those of senior interests because they are the first to bear the risk of reduced cash flows resulting from defaults and prepayments on the transferred assets.」
The company continues to disclose its structure of retaining subordinated interests after securitisation and being exposed to credit, interest rate and prepayment risks. - FY2022-Q2RestatedAnnual report
「The interests retained by the company and its subsidiaries are exposed to the credit risk, interest rate risk and prepayment risk of the transferred assets. In particular, subordinated interests are exposed to credit and prepayment risks that differ from those of senior interests because they are the first to bear the risk of reduced cash flows resulting from defaults and prepayments on the transferred assets.」
The company continues to disclose its structure of retaining subordinated interests after securitisation and being exposed to credit, interest rate and prepayment risks. - FY2021RestatedAnnual report
「The interests retained by the company and its subsidiaries are exposed to the credit risk, interest rate risk and prepayment risk of the transferred assets.」
The company continues to disclose its structure of retaining subordinated interests after securitisation and being exposed to credit, interest rate and prepayment risks. - FY2019RestatedAnnual report
「The interests retained by the company and its subsidiaries are exposed to the credit risk, interest rate risk and prepayment risk of the transferred assets. In particular, subordinated interests are exposed to credit and prepayment risks that differ from those of senior interests because they are the first to bear the risk of reduced cash flows resulting from defaults and prepayments on the transferred assets.」
The company continues to disclose its structure of retaining subordinated interests after securitisation and being exposed to credit, interest rate and prepayment risks. - FY2019-Q2RestatedAnnual report
「The interests retained by the company and its subsidiaries are exposed to the credit risk, interest rate risk and prepayment risk of the transferred assets. In particular, subordinated interests are exposed to credit and prepayment risks that differ from those of senior interests because they are the first to bear the risk of reduced cash flows resulting from defaults and prepayments on the transferred assets.」
The company continued to disclose its structure of retaining subordinated interests and performing collection services after securitisation, leaving it exposed to credit, interest rate and prepayment risks. - FY2018First statedAnnual report
「The interests retained by the company and its subsidiaries are exposed to the credit risk, interest rate risk and prepayment risk of the transferred assets. In particular, subordinated interests are exposed to credit and prepayment risks that differ from those of senior interests because they are the first to bear the risk of reduced cash flows resulting from defaults and prepayments on the transferred assets.」
The company newly outlined the risk that subordinated interests retained in connection with its continuing involvement in securitisations are affected by defaults, interest rate movements and prepayments.