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Constraints

NOT NULL CONSTRAINT -    Ensures that a column cannot have a null value. DEFAULT CONSTRAINT -    Provides a default value for a column when none is specified  UNIQUE CONSTRAINT -   Ensures that all values in columns are different  CHECK CONSTRAINT -   Makes sure that all values in a column satisfy certain criteria  PRIMARY KEY CONSTRAINT -   Used to uniquely identify a row in the table  FOREIGN KEY CONSTRAINT -   Used to ensure referential integrity of the data  Primary Key - is used uniquely to identify each row in a table . It can consist of one or more columns on a table . When Multiple columns are used on a table it is called composite key.  Foreign Key - Foreign key is a column or columns that references a column most often primary key of another table . The purpose of foreign key is to maintain referential integrity of the data. Pg admin  Data base - training - right click on training - query click  Always add semi colen to run the query  Int - integer  varchar - variable charact
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Types of Securitisation - Securitisation

 1. Pass through Certificates (PTC)- (Borrower to investor)- PTC main part is the borrower , until and unless borrower will not give money further securitisation will not take place .So borrower to SPV to Investor cycle take place. There is 1 maturity here. It depends on borrower . Pooling of asset and packages will be there based on maturity. As soon as interest received from borrower it is passed to investors and bank can keep certain percentage of Interest as services provided to investors .

2. Pay through Security (PTS)- It is a kind of Zero coupon bond , payable at Face Value . Most investors go through PTS . Already issued at discount . Difference between discount and Face value .

3. Preferred Stock Certificates - If I am holding more than 20% of company , I am considered holder of subsidiary company . Then I have right upto percentage of Investment . A invest in B's company 75%. A owns 75% of asset . B is subsidiary company . A has debtor . B will ask A not to go Factoring , and ask for securitisation . B will purchase his debtors and he will not give commission as B is A 's company only , therefore they won't enter into factoring.

4. Asset Based Commercial Papers - SPV (Special Purpose Vehicle) will invite other banks to join process not only from originators . Combine other bank to get combine principal.

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