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JAPAN'S RCC SECURITIZES MORE THAN US$8.15 BLN IN LOANS, REAL ESTATE.

AsiaPulse News

| November 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, Nov 1 Asia Pulse - The Resolution and Collection Corp. (RCC) announced Thursday that it has securitized a total of more than 1 trillion yen (US$8.15 billion) in bad loans and collateral real estate.

The government's anti-deflation package, released Wednesday, includes the creation of a market for trading loan claims as well as the expansion of the RCC's securitization functions.

The RCC began securitizing bad loans in January and has so ...

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Source: HighBeam Research, JAPAN'S RCC SECURITIZES MORE THAN US$8.15 BLN IN LOANS, REAL ESTATE.

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