securitisation overview
Sustainable assets
The Luxembourg Securitisation Law does not impose any restrictions on the basis of assets that can be securitised.
PSI Sustainable SA and its Administration and Calculation Agent PSI Services SA structure and implement securitisations by setting up Compartments. We aim to accompany our initiators and the institutional investors individually and holistically throughout the entire securitisation process.
The possibilities of sustainable securitisations are broad. Basically, any tangible and intangible sustainable asset can be securitised with sufficiently determinable values or future cash flows, all in accordance with our framework.
We help to find the right solution for you. In addition, our service offering includes the ongoing administration and support by an experienced administration and calculation agent and its employees as well as the creation of tailormade reportings.
Structured processes and individualisation enable us to successfully meet your securitisation requirements.
Investor protection
There is a high level of investor protection and Issuer default protection. The use of depository bank and trustee are possible. The investors’ rights and obligations are limited to their specific Compartment (ringfenced). In addition, a separate liquidation of a Compartment is possible.
Fiscal treatment
There is almost complete tax neutrality, i.e. a Compartment is treated beneficial from a tax point of view. All payments made by the Compartment in relation to issued securities (be they bonds or shares) are fully tax-deductible expenses for the Compartment. Furthermore, securitisation vehicles and it’s Compartments benefit in principle from a large number of Luxembourg double taxation treaties.