Chapter CFM72040

Published date16 April 2016
Record NumberCFM72040
CourtHM Revenue & Customs
IssuerHM Revenue & Customs
True sale/asset-backed securitisation

Diagram of a true sale/asset-backed securitisation.

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A charitable trust is formed that owns the equity in an issuer SPV.

The originator company sells suitable assets to the issuer SPV.

The issuer SPV raises the finance to purchase the assets from the originator by issuing bonds to third party investors which represent both interest and principal.

Any ongoing...

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