Since 2015, companies have begun to rediscover securitization as an additional and/or alternative channel for financing their business. Asset based financing helps companies to diversify or even establish a completely new refinancing source. At the same time, institutions such as the ESMA or the ECB continue to promote asset securitization as a necessary and important instrument to sustainably turn on the engine of economic growth within Europe.
For banks, offering securitization products is not only a good opportunity to access a new revenue channel; it also strengthens the bank-customer relationship because they are able to offer custom-made solutions.
On the other hand, efforts and requirements for setting up securitization transactions are significant. In addition to complex legal-, structuring- and data-requirements, setting up an automated administration and reporting process often represents a major challenge for the parties involved.
In order to tackle this challenge, many banks rely on the BearingPoint solution ABS+ for their securitization transactions. The user (originators, banks, SPVs) no longer have to deal with the implementation of complex eligibility criteria or reporting requirements.
BearingPoint acts as a reporting and calculation agent within the structured finance market, offering a holistic solution for the administration, settlement and reporting of asset-backed securities (ABS) transactions.
Drawing on our knowledge and expertise in the asset backed finance business, we offer standardized software solutions and services that meet the needs of today’s securitization market participants. Over the years we have continuously enhanced our solution portfolio and functionalities and enabled our clients to offer new custom-made products and features.
Depending on the customer preferences the solution can be operated in different (outsourcing) scenarios and services:
In addition to our proven standard solutions, BearingPoint offers consulting services for originators, arrangers and investors:
The ABS+ solution suite was developed to facilitate and automate the administration and reporting of asset backed securities transactions to a high degree. The software solution is a web-based securitization portal that supports the processing of trade receivables (ABS+ TR), revolving credits (ABS+ RC) and in future the administration of leasing receivables (ABS+ LE).