The difference between asset-backed securities and asset securitization

The difference between them is that the issuer is different, the purpose is different, and the asset scope is different.

1. Different issuers: Asset-backed securities are issued by trustees of special-purpose trusts, representing the share of trust beneficial rights of special-purpose trusts; Asset securitization is the issuance of securities by the issuer of the asset pool, supported by the cash flow of the underlying assets.

2. Different purposes: the purpose of asset-backed securities is to realize illiquid assets in advance and solve liquidity risks; The purpose of asset securitization is to transfer the risk of assets through securitization.

3. Different asset ranges: Asset-backed securities have a wide range of assets, including but not limited to loans, rental income rights, property charging rights, accounts receivable, etc. Asset securitization includes physical assets, credit assets, securities assets and cash assets.