Securitisation refers to a. the transfer a risk unwanted by one party to another party more inclined to take that risk. b. the transformation of insurance risks typically retained by insurers or reinsurers into risks that are generally handled by the financial markets. c. the financial markets bundle and unbundle, package and repackage, retain and transfer of economic and financial risks with great flexibility and imagination. d. the complex financial instruments that derive their value from some other underlying asset or index