Securing future flows as financing of decentralized autonomous governments

• Main Authors: Francisco Xavier Jacome, Tanya Mishell Guillen Triana
• Format: Article
• Language: Spanish
• Published: Pontificia Universidad Católica del Ecuador 2018-12-01
• Series: Revista Facultad de Jurisprudencia
• Subjects: securitization of future flow receivable; decentralized autonomous governments; public administration; financial autonomy; decentralization.
• Online Access: http://www.revistarfjpuce.edu.ec/index.php/rfj/article/view/118

The present research shows us that the securitization of future flows is a suitable financial tool, which is directly link to thesecurities market, regulated by the second book of the Código Orgáni-co Monetario y Financiero, Ley de Mercado de Valores. This financial tool can be used by the Decentralized Autonomous Governments as a source of finance to obtain resources at present time, and achieve the realization of their exclusives competences, which are determined by the Constitution of the Republic of Ecuador and the Código Orgánico de Organización Territorial . However, the securitization, although it is a tool that offers advantages to the originator and the investor, it is evident the scarce application from of the Decentralized Autonomous Governments witch implies that there is a lack of knowledge about the benefits offered by this tool; for which it is propose for there be more promotion and study by the Decentralized Autonomous Gover-nments on this alternative of finance.