[Verse 1] Banks and lenders start the game Making loans is how they claim Mortgages and credit cards Auto loans from near and far But they don't want to hold them long Time to pass them right along [Chorus] Three steps to securitize O-S-I that's how money flies Originator makes the loan SPV takes them home Investors buy the bonds they've grown O-S-I, now you know [Verse 2] Special Purpose Vehicle's here Bankruptcy remote and clear Buys the loans with cash in hand Pools them up as they have planned Separate entity standing tall Legal wall protects us all [Chorus] Three steps to securitize O-S-I that's how money flies Originator makes the loan SPV takes them home Investors buy the bonds they've grown O-S-I, now you know [Bridge] Credit rating agencies Grade the bonds from A to Z Tranches split the risk around Senior, mezzanine, profound Subordinated takes the hit While senior bonds stay benefit [Verse 3] Investors come to buy their share Pension funds and banks are there Money flows back to the start Originators play their part Make more loans with cash received Securitization cycle's achieved [Chorus] Three steps to securitize O-S-I that's how money flies Originator makes the loan SPV takes them home Investors buy the bonds they've grown O-S-I, now you know [Outro] From the loan to investor's door That's what securitization's for O-S-I remember well Now you've got the story to tell
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