I am confused by Structured Finance (Credit Enhancement & Credit Insurance Wrap) and Credit Securitisation. How are they different?
A credit enhancement is any strategy that improves a company's credit rating, eg by providing collateral on a debt, or by obtaining insurance to guarantee repayment of the debt, or by arranging a third party guarantee, etc. Credit wrapping is a type of credit enhancement whereby a bond insurer guarantees to meet interest and principal payments if the issuer cannot. Credit securitisation is the process whereby loans are packaged, underwritten and sold in the form of securities. More often it's just called "securitisation".
