Jones Day's worldwide securitization and asset-backed financing practice not only covers most of the world's primary existing and developing financial markets, but encompasses an extraordinarily broad range of asset-backed structures, including:

• The establishment of conduit programs and structures for financial institution clients for a wide range of financial assets, including domestic and international trade receivables, credit card receivables, entertainment royalties, and real estate loans. 
• Public and private placements of term securitizations involving health care receivables, stranded costs, securitization of lease receivables (including equipment leases and leveraged auto lease portfolios), and automobile and consumer loan receivables.
• Securitization of collateralized mortgage pool receivables, including commercial mortgages, REMICs, and FHA-insured mortgage-backed securities.

In addition, Jones Day lawyers have been at the forefront of international securitizations, representing major financial institutions in a variety of innovative transactions, including:

• The first securitization in Italy of nonperforming loan portfolio receivables.
• The first French securitization of nonfinancial institution receivables requiring no substantial bank holding period.
• The first securitization programs in Korea and Indonesia.
• The first planned acquisition, pooling, and securitization of nonperforming loans in Taiwan.
• Eurobond securitization and acquisition of performing and nonperforming real estate loans in Japan.
• International trade and export receivables securitizations. 
• Structuring securitization programs for Latin America, Asia, and the Middle East.

Jones Day lawyers have extensive experience in financial guaranty policy and other credit enhancement structures, in understanding and considering the effects of accounting and regulatory requirements, in the use of derivatives (including credit default and total return swaps) in securitizations, and in "true sale" and substantive consolidation and other bankruptcy remoteness issues essential in structuring securitizations and other structured and asset-backed financings.