July 2010 Atconsulting (Luxembourg) Sarl has launched its first securitization vehicle for International Private Equity investors
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Financial & Bussines Services
Global Equity Stragies 370 Route de Longwy L-1940 Luxembourg Tel. 00352 2789507 Fax 00352 24611033 info@geslux.lu
The securitization in Luxembourg is the operation by virtue of which one undertaking (fund, or company or a special purpose vehicle), acquire or assume the risks linked to receivables, to any type of assets or any commitment assumed by third parties or linked with the activities realized by third parties, by assuming any type of securities which value and yields are linked with these security assets.
Such a securitization undertaking incorporated under the Luxembourg law can acquire underlying assets such as:
- Receivables of any types (loans, customer receivables, commercial receivables, short or long term notes, etc.);
- Cash flow linked with receivables, contracts, commitments, etc.;
- Risks linked with contracts, future realizations, movable assets of any types, shares, bonds, etc;
- Any movable assets, real estate, intellectual property rights, etc.
- Any type of rights, commitments, or risks linked with another entity or company;
- Mortgage backed securities, Assets backed securities, etc.
A securitization fund or a securitization company are undertakings which can be set up by investors or promoters (institutionals, professionals or private), pursuant the rules set by the Luxembourg Law of 22nd of March 2004 on the securitization in Luxembourg. Some segregated fiduciary portfolios can be set up to lodge these securities assets.
These financial instruments can be placed on the stock exchange or simply issued under a private placement memorandum.