Welcome to the new world of European securitisation delivering flexible solutions to investment managers through new models of structured finance.
I discovered that there is so much more to securitisation than I had first thought
Our securitisation platform enables investment managers to launch investible strategies in a short period of time and keep overheads to a minimum.
The benefits of using Exchange Traded Instruments issued as a securitisation of an underlying portfolio of assets.
The design of an Argentarius ETI has considerable flexibility and is created as a bespoke product for the client. ETIs may be designed with the components required by the client, for instance specified lock-in periods, weekly, monthly or quarterly subscription/redemption period, distributions, variable profit related interest components. Sharia compliant Islamic Finance ETI products are also available.
Complete tax neutrality for each securitisation transaction is achieved.
The Argentarius Securitisation Platform offers the launch of an ETI within a few weeks.
ETIs issued on a stock exchange can be purchased by suitable investors through their broker relationships so the sales process is transparent and simple for all parties.
ETIs listed on the European Wholesale Securities Market (EWSM) are UCITS eligible assets issued with an approved prospectus suitable for a public offering in the EU. ETIs issued on the open market at the Deutsche Börse in Frankfurt are suitable for promotion to professional investors as defined by MiFID. A public offering to retail investors can be made with an approved prospectus for listing on the Deutsche Börse in certain cases.
ETIs issued by a securitisation special purpose vehicle (SPV) under ECB regulation 24/2009/ECB are not AIFs and are regulated by the Securitisation Act in the country of the issuer (Malta or Luxembourg).
ETIs have no restrictions on asset classes; any alternative investments are eligible for a securitisation transaction.
ETIs are always feeders into the underlying assets and have no derivative or leverage embedded. An ETI is a “pass through” instrument that delivers the delta one performance of the underlying asset(s).
ETIs are issued by a securitisation special purpose vehicle (SPV) established under the Securitisation Act in Malta or Luxembourg which sets out the conditions which imposed on the issuer and any service providers and offers full investor protection against the credit risk of both the issuer and the management company.
Keep right up to date with developments in European securitisation.