In the course of the stabilisation of the financial markets, investor confidence in specific securitisation transactions is recovering. Beyond the crisis, asset-backed refinancing is an appropriate instrument to raise liquidity and to partially reduce risk on the balance sheet for industrial and service companies, as well as banks and financial service providers. However, investors’ need for greater certainty and changes deriving from adjustments of the regulatory framework have affected quality and transparency requirements for the underlying assets (e.g. leasing, trade receivables). Compliance with these increased requirements became a key success factor for the asset backed refinancing market.
Whilst the securitisation market slowly regains investor confidence, the Pfandbrief proved an attractive and secure premium product in the bank bonds market, but above all, as a reliable and cost-effective long-term refinancing instrument. Many credit institutions in Germany that own Pfandbrief cover assets (e.g. mortgage loans), have started strategic initiatives for the issuance of a Pfandbrief.

How BearingPoint brings value

BearingPoint offers consulting services and solutions for:

• ABS+ product family: technical platforms for the administration and reporting of ABS transactions.
• Securitisation consulting: support for originator and sponsor during the lifecycle of securitization transactions.
• Covered Bond & Funding register: Support for planning, set-up and optimisation of Pfandbrief solutions focussed on organisation, processes and IT.