1. Draft Glossary on Securitisation Terms
Working Party on Financial Statistics
24-25 October 2011
By Michèle Chavoix-Mannato
STD Directorate, NAD Division, QNA&FS Section

2. Draft Glossary on Securitisation Terms
Securitisation was discussed at WPFS meetings since 2006, and was the subject of the Workshop on Securitisation, organised in May 2010, in Madrid, with the Bank of Spain
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Because of
the variety of terms and definitions used in the area of securitisation, and
a potential confusion
It has been recognised
the necessity to have a glossary of the most commonly used terms
in the field of securitisation
STD / NAD / QNA&FS

3. Draft Glossary on Securitisation Terms
The OECD has been asked:
to undertake an assessment of terms and definitions found
in documents prepared for the various meetings
in national and international guides and standards
to prepare a draft glossary of terms and definitions
STD / NAD / QNA&FS

4. Draft Glossary on Securitisation Terms
As a first tangible step, the OECD secretariat
has selected a number of relevant terms related to securitisation
has drafted a dictionary which presents
terms by alphabetical order
several definitions for each term (with their source)
has included the list of the references of all sources used
STD / NAD / QNA&FS

5. Draft Glossary on Securitisation Terms
As a second step, the OECD secretariat
proposes the creation of a small group of experts
to agree on a single definition for each term
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the group should be composed of at least one native English speaker
the group would work via electronic discussions
STD / NAD / QNA&FS

6. Draft Glossary on Securitisation Terms
At a third step, the OECD Secretariat
might organise a physical meeting
to finalise the result of this collective work
the final glossary will be made available on the Clearspace tool
STD / NAD / QNA&FS

7. Draft Glossary on Securitisation Terms
Experts are invited to volunteer
preferably during the meeting, so that the list is known when establishing the conclusions at the end of the meeting
or after the meeting, by end of November at the latest
STD / NAD / QNA&FS

8. Draft Glossary on Securitisation Terms
Thank you very much
for your cooperation
and future contribution
STD / NAD / QNA&FS