EUR 150 million ABCP transaction
Trade receivables
Receivables seller from Germany & USA
Receivables in EUR & Dollar
Weekly purchase & reporting
As the strategic IT service provider of our partner UniCredit Bank AG, we have successfully completed another joint project. After an intensive structuring phase, the initial purchase of a receivables portfolio of a large medium-sized customer of UCB took place on 21 December. Subsequent purchases will take place on a weekly basis. The portfolio purchased from an Irish special purpose vehicle is refinanced on the capital market through the issue of Asset Backed Commercial (ABCP). TXS Securitisation Services ensure asset selection, limiting and monitoring as well as the capital market reporting necessary for refinancing.
The following services are used for this purpose:
- Application Service
- Processing Service
- Reporting Service
- Servicer Reporting
