The Netherlands may not be quite at the forefront of European securitization, particularly for deals backed by non-mortgage assets, but many securitization pros believe that the Dutch market is ripe for expansion, with both volume and number of deals set to continue the upward trend shown last year.

In 1999 there were nine public deals totaling E5.7 billion ($5.3 billion), a figure that compares favorably with the five completed in 1998 for E1.7 billion. However, in 1999's total there were only two non-mortgage deals, demonstrating just how much the market is dominated by MBS transactions.

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