We are a leading bank in the provision of the securitisation financing solutions. Securitisation is the repackaging of a ring-fenced pool of assets such as trade receivables, loans or other cash flows into tradable securities.
Through asset securitisation we offer an alternative form of funding to bank debt or the corporate bond market, and we pride ourselves on providing clients with innovative financing solutions that are aligned to individual client requirements. To be suitable for securitisation, the underlying assets must be reasonably well-diversified and produce a predictable and reliable cash flow stream.
The benefits of securitisation include:
Much of our asset-backed financing service is conducted through Cancara Asset Securitisation Limited (“Cancara”), an A-1+/P-1 rated asset-backed commercial paper (“ABCP”) conduit. Cancara has over US$14billion of ABCP outstanding and funds a variety of asset classes including auto loans, credit cards, consumer loans, leases, residential mortgages and trade receivables. Client receivable solutions have been structured in jurisdictions across Europe and the US. Deals structured into Cancara are private and are not disclosed.
Alternatively we can structure transactions as term securities which are either publicly or privately placed. Securitisation can be incorporated as part of a combined financing solution and the Securitisation Team works with other parts of Capital Markets to provide an integrated financing solution.
Dene White
Head of Securitisation