11. The following excerpt is from an article by Georges Dionne:

The creation of structured finance was mainly motivated by the transfer of credit risk, through the use of credit derivatives (e.g., CDSs) and banks’ securitization of loans, to investors. For example, the selling of bank loans to trusts serves to transfer banks’ credit risk via structured products to various groups of investors such as pension funds, industrial and service corporations, hedge funds or even other banks.14

a. What is meant by “structured finance”?

b. Give two examples of applications of structured finance to risk management other than securitization.