Asset and Liability Management - Is the process for financial institutions and corporations to adjust their funding and usage of funds. Some approaches are the Bucket, GAP, Hedging, Matched Book, Matched Funding, Financial Swaps, and Structured Products. With the lowering of various insurance, investment and commercial banking barriers, the definition is now more inclusive. Previously, it tended to be reserved for non-investment banking and brokerage operations. Asset Backed Securities - Is a security backed by notes or receivables against assets other than real estate.
Some examples are autos, credit cards, and royalties.
Assets - Refer to properties owned or are due to a person or organization. Assets are typically viewed in three categories. Assignment - Is the action for the seller of the option of acquiring the opposite position when an option is exercised. When a put is exercised, the writer receives a long position in securities or a long futures contract. When a call is exercised, the writer receives a short position in the securities or a short futures contract.