Securitization as a Financial Tool and Its Accounting

Hülya Boydaş Hazar and Nurgün Komşuoğlu Yılmaz
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Hülya Boydaş Hazar: İstanbul Aydin University
Nurgün Komşuoğlu Yılmaz: İstanbul Aydin University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2019, vol. 34, issue 111, 319-340

Abstract: In this study, the types of securitization, which is an important financial instrument, related parties, accounting, positive and negative effects on the economy are examined. Securitization is the conversion of illiquid assets into securities through financial engineering and selling those securities or the cash flow which will be provided by them. In Turkey, this method is used mostly by banks. Securitization is a complex activity and its accounting applications are related to several standards. The purpose of this study is to set forth an important but complex financial tool and clarify the related accounting practices. The contribution of this work is highlighting the importance of securitization for the financial system and interpreting the related Turkish Accounting Standards with respect to the types of securitization.

Keywords: Securitization; Banking; TFRS 10; TAS 39; Financial Tools (search for similar items in EconPapers)
JEL-codes: G21 M21 M41 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:34:y:2019:i:111:p:319-340

DOI: 10.33203/mfy.525834

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