Asset securitisation, in present day capital market terms, is the conversion of illiquid assets or future cashflows into marketable securities. For a classic transaction, receivables corresponding to predetermined selection criteria are identified, pooled and sold by the owner (i.e. the originator, a corporation or a bank) to a special intermediary created for this purpose, referred to as a Special Purpose Vehicle (SPV). The securities may be supported by "credit enhancements" provided by the originator or organized through external agencies. BSEC offers services to investors seeking asset-backed investment opportunities.