Receivables

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A securitisation SPV can acquire risks linked to receivables of any kind. That includes:

• mortgages (either to home owners or to business),
• trade receivables, credit card receivables, auto-loans and leases,
• student loans and equipment loans and leases,
• telephone or any utility bills,
• intra group loans,
• any type of future receivable like the future sale price of an asset
• A future collection of an income, of a capital gain, of a dividends, of a profit, etc.

The SPV issues a security to investors who receive a return on their investment which is funded and secured by the yield generated by the receivable acquired by the SPV.

The SPV can also act as a “First Lender” which means that the SPV does not acquire an existing receivable but grant a loan straight to the borrower.

The securitization SPV may also raise capital by issuing securities which proceed will serve to fund a company, a third party activity or an investments into a receivable or a facility agreement.