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About the ASF

Who We Are



Please click here for a printable overview of the organization.
Please click here for a pdf detailing the activities of the ASF.
Please click here for a brief description of the role of securitization in the capital markets.

The ASF is the securitization industry’s unifying forum, converting ideas into action to enhance and improve the securitization market.  Our membership encompasses all aspects of the industry, including issuers, investors, financial intermediaries, rating agencies, legal and accounting firms, trustees, servicers, guarantors, and other market participants.

  • The ASF advocates the securitization industry’s interests in various market practice, legal, accounting, tax, regulatory, legislative and policy issues.
  • The ASF builds consensus, coordinates advocacy efforts, and informs and educates the securitization community and related constituencies on issues of broad importance to the industry.

Important issues for the ASF include bank capital adequacy regulations, accounting standards governing the recognition, derecognition and consolidation of assets conveyed to securitization vehicles, federal securities registration, disclosure and reporting rules, legal investment laws and restrictions, and a host of other topics that present challenges and opportunities to the domestic securitization market and its participants. The ASF is also committed to providing substantive and timely informational and educational programs of value to U.S. securitization market professionals.

The ASF offers a unique opportunity for its members to participate meaningfully, with a diverse range of professional colleagues and peers, in shaping the future of the financial market upon which their collective livelihood depends.

The principal goals of the ASF are as follows:

  1. Consensus. To build consensus within the U.S. securitization industry on issues of broad importance to the industry;
  2. Advocacy. To mount principled and focused efforts to advance the ASF’s substantive positions, chiefly by interacting with appropriate governmental, regulatory, accounting, legislative and other policy-making bodies;
  3. Education. To inform and educate not only the securitization community and related constituencies but also the public at large, and to sponsor substantive, high-quality conferences and educational programs.

The core values of the ASF are as follows:

  1. Community and Inclusiveness. The securitization industry comprises a community of market participants with common interests that bind them together, and there is a place for every segment of that industry within ASF.
  2. Unity and Respect. ASF seeks to reach broad industry consensus before advancing any position or policy recommendation. At times consensus within ASF’s membership cannot be achieved, which is an acceptable outcome as long as meaningful dialogue has occurred, and earnest efforts were made to achieve consensus. All of ASF’s member constituencies and their points of view are entitled to equal respect and deference.
  3. The Longer Term and the Greater Good. ASF’s advocacy is designed to improve the long term health and vitality of the securitization market, and to advance the greater good that securitization provides to consumers, businesses and the economy.
  4. Integrity and Quality. ASF seeks to act as a credible, honest and responsible advocate for the views and positions we espouse. We are uncompromising in our attempts to produce only first-rate work in everything that we do, as it reflects on our members and the securitization market as a whole.
  5. Member Participation, Leadership and Responsibility. ASF relies on its members for leadership and direction, and members are primarily responsible for defining and achieving ASF’s mission and goals. All professional market participants have the opportunity and responsibility to be as active in ASF as their resources and abilities permit.
  6. Diversity and Equal Opportunity. While it is important to maintain continuity in ASF’s membership and leadership, it is equally important for ASF’s membership to remain diverse, and for ASF’s leadership to rotate over time.
  7. Global Industry. We are part of a global securitization industry that shares many common interests and participants. ASF has a corresponding obligation to act as a constructive partner with it counterpart member constituencies and industry organizations throughout the world.

Click here for a printable version of the ASF's Mission and Core Values statement.

Organization and Governance

The ASF is an independent, self-funded organization. The ASF is supported by a full-time professional and administrative staff. Operating within the parameters of the ASF's bylaws, the ASF is governed by a Board of Directors, an Executive Committee, a Management Committee, and a network of standing Committees and Subforums drawn from the ASF’s broad membership base.