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.