Securitisation

With the necessary capital, liquidity, placement power and creative solutions to arrange and underwrite successful new issues, Fortis Merchant Banking is an excellent partner for your securitisation transactions. We deal actively in structured credit products such as ABS, MBS, ABCP and CLOs.

Our clients

Fortis' securitisation experts serve the requirements of organisations that have sizeable pools of receivables and/or other cash-flow generating assets. Our customers include corporates as well as banks, other financial institutions and insurance companies wishing to access the capital markets. We also cater to the needs of public issuers.

How we can help you

By converting your future cash flows or receivables – such as mortgage, consumer and corporate loans, credit card debts, trade receivables, taxes, electricity or telephone bills, royalties or the cash flows of an entire business – into debt securities, your company acquires immediate liquidity and transfers certain risks to the capital markets. Our securitisation teams can pave your way to:

• lower funding costs
• diversification of funding sources
• recycling of equity, thus improving the RoE
• access to capital markets without a credit rating
• improvement of gearing ratio
• limited-recourse financing
• risk transfer to third parties

We can also offer full hedging capacity for a range of assets. Beyond this, we do our utmost to make our own capital, liquidity and experience work for you to provide smooth placement of your asset-backed issues.

Fortis Merchant Banking: the right choice

Fortis brings you extensive expertise in structuring securitisation solutions across a variety of geographies and asset types. In addition, we sponsor one of the largest multi-seller ABCP conduits in the world, Scaldis Capital, with over US$ 20 billion in ABCP outstanding. Scaldis can provide warehouse or permanent financing, accessing both the US and European CP markets at attractive cost.

On the placement side, our fixed-income sales force gives us access to most major institutional investors looking for ABS. One of the largest investment and trading books on the continent supports the secondary market issues that we lead manage. Further, we back our new issues with dedicated research on the asset-backed market.

Fortis offers you a full spectrum of securitisation services, including SPV establishment and administration, master servicing, cash management, listing and paying agency services, and custody.

To learn more, contact our experts via the link on this page.