The current trend towards asset-based refinancing products - especially Pfandbriefe, Structured Covered Bonds, ABCP, ... and the derived products within the non-public capital markets such as ECB-ABS, Loan Funds, Debt Obligations, ... - require an integrated view of:
- understanding of type, structure and new-business volumes as well as existing portfolios
- funding requirements
- collatisation potential of the asset-base as well as solutions for a matched funding for the entire new businesses
- transaction goals
- one-off funding or funding program
- with / without risk transfer
- effects for RWA and equity
- market segement that should be approached
- etc.
- time horizon for implementation
- already existing contacts
- contacts to investors
- rating
- asset- and portfolio informationen
- terms and conditions on the asset side
- team and competences
- IT-systems
- etc.
Based on this information we are developing an individual product and transaction concept including an implementation plan where we also take the responsibility for a successful implementation.
Typical project steps could be:
- analysis od controlling and planning data on your asset and liability side
- analysis of portfolio data and development of a portfolio description
- working out a transaction structure together with specialised lawyers
- transaction implementation and involvement of required third parties (arranger, rating agency, corporate service provider, back-up servicer, reporting-agent, ...)
- building-up internal competences
- redesing of processes
- setting-up internal systems or involvement of third parties
- transaction administration
- etc.