Securitisation & Structured Solutions Companies

Securitisation solutions for the trade receivables portfolio

We meet working capital financing requirements by securitising trade receivables.

DEDICATED TO

CORPORATE WITH A CONSOLIDATED TURNOVER OF MORE THAN €100 MILLION PER YEAR

GOALS

ON- AND OFF-BALANCE SHEET FUNDING THROUGH THE SECURITISATION TECHNIQUE

Securitisation & Structured Solutions Companies

We have twenty years of experience in structuring securitisation transactions for companies, covering all asset classes in the Italian market. With the collaboration of the Debt Capital Market Team, we carry out placement activities on the market for securitisation transactions with public placement and, as part of private placement transactions, we have direct access to a network of over a hundred investors specialised in the various asset and risk classes present on the Italian market.

How we work

We have been actively operating in the Italian securitisation market for more than 20 years and to date we have advised on the structuring and/or restructuring of more than 60 transactions, with a total volume of more than €45 billion.

What we offer

Securitisation of Trade Receivables

The working capital financing solution that we propose, as Arranger or Advisor, enables one or more companies belonging to the same group to disinvest their trade receivables from their customers.

Specifically, the solution makes it possible to:

assign eligible loans claimed by the company from its corporate/retail customers, without constraints on the number of assigned debtors

transfer the risk of late payment and the credit risk of the transferred portfolios to the transferee

use a form of working capital funding alternative to other more traditional instruments (advance payments subject to collection, unsecured loans)

stabilise the cost of funding over a medium to long-term horizon (3-5 years)

plan cash flows from working capital over a medium-term horizon

benefit from a flexible structure that allows a variable amount of trade receivables to be deconsolidated during the life of the operation

preserve the commercial relationship between the company and its end customers , since the company continues to manage the loan portfolio as if it had not been securitised

OUR ADDED VALUE

The complexity of the transactions that we oversee requires in-depth knowledge of the product and coordination of a large number of internal and external players. Consequently, efficient overall management of the process is the most important factor in ensuring that the transaction is completed effectively, on time and within budget.

Our strengths include:

the direct relationship with domestic and international investors, which makes it possible to carry out transactions at the best conditions on the market and with the structures best suited to the customers’ requirements
in-depth knowledge of the Italian market, enabling Italian customers to implement, organise and set up complex transactions that can also be placed abroad, and enabling foreign investors to access the domestic market
a highly specialised team that can successfully perform the various activities for each transaction within the required deadlines and in a fully complementary manner, confirming and reinforcing customers’ trust over time