In the context of structured finance and asset-backed securitization, a PTC (Pass-Through Certificate) transfer refers to the mechanism by which a bank, financial institution, or originator pools a portfolio of loans, receivables, or mortgages and transfers them to a special purpose vehicle (SPV). The SPV subsequently issues Pass-Through Certificates to investors, effectively passing through the principal and interest cash flows generated by the underlying asset pool. This transfer allows institutions to move assets off their balance sheets, enhance liquidity, and manage capital adequacy ratios effectively.