The Report is a project financed by the Japan/International Finance Corporation (IFC) Comprehensive Trust Fund, which was established at the IFC by the government of Japan. The technical assistance project is managed jointly by the IFC’s Asia I and Asia II Departments, with support from the Housing Finance Practice Group of the IFC, the World Bank, and the Asian Development Bank. The IFC’s institution-building activities include working with Indonesian and international sponsors to establish P.T. ABS Finance Indonesia (ABSFID in Jakarta. This institution is the first and probably the only specialized capital markets institution in emerging markets dedicated solely to the business of securitization and credit enhancement.