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You are a finance employee at a financial institution,specializing in originating auto loans in a country where autoloans have only been available for 2 years. Your group has justbeen informed that a close competitor has securitized $150 millionin auto loans through an investment bank.Your boss wants to understand why the competitor did this.Explain.He also wants to understand the potential benefits for thefollowing:The issuerThe investors buying the ABSThe individual borrowers seeking auto loansHe also wants to know the likely impact to the auto loan marketin this country if a large, liquid ABS market emerges over the nextfew years.
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