Volkswagen Financial Services Poland celebrates three consecutive years of demonstrated excellence in ABS performance

Executive Summary

Volkswagen Financial Services Poland (VWFS Poland) achieved a key milestone with the launch of its first Asset Backed Securities (ABS) transaction in February 2023. Nearly three years on, the transaction continues to perform strongly, improving transparency, compliance, and operational efficiency. With BearingPoint’s support, VWFS Poland successfully navigated complex regulatory and operational demands, setting a new benchmark in the Polish financial market. Today, both VWFS Poland and BearingPoint reflect on a solid and trusted partnership that has played a key role in the transaction’s lasting success.

Igniting Poland’s securitization market with ABS transaction

Volkswagen Financial Services Poland (VWFS Poland), a subsidiary of Volkswagen Financial Services AG, is a leading provider of financial and mobility solutions in Poland, offering financing, leasing, and insurance products to both individual and corporate customers. With a strong commitment to innovation, the company focuses on improving efficiency, transparency, and competitiveness. As part of its strategy to diversify funding and enhance liquidity management, VWFS Poland decided to launch its first ABS transaction, VCL Master Poland DAC, in the local market marking a significant milestone for the organization and the Polish securitization landscape.

VWFS Poland pursued ambitious goals that required both strategic clarity and operational precision. The company set out to establish a robust funding mechanism through securitization to enable more flexible liquidity management, while ensuring compliance with the European Securities and Markets Authority (ESMA) regulations and meeting all necessary criteria to archive the desired STS label (Simple, Transparent, and Standardized). At the same time, VWFS Poland aimed to maximize operational efficiency through automation and effective data management.

Reaching these goals required navigating several challenges. Internally, the organization had to work within strict IT security protocols, manage limited access rights, and coordinate closely across IT, accounting, and controlling. Externally, evolving regulatory and reporting standards demanded quick adaptation, while the Polish team was entering the field of securitization for the first time and therefore needed to rapidly develop expertise in complex business processes and reporting frameworks.

Guiding a first mover to success in ABS transactions

To navigate these complexities, VWFS Poland turned to BearingPoint for specialized support in navigating the complexities of its first ABS transaction. BearingPoint provided guidance at every step, from defining business requirements to preparing ESMA-compliant documentation and generating various reporting files. Through close collaboration, every essential aspect of the transaction was clarified, structured, and aligned with both market standards and internal objectives.

Drawing on its deep experience with securitization programs, BearingPoint carried out a thorough review of VWFS Poland’s data landscape, pinpointing where enhancements and extensions were needed. Working closely with the VWFS Poland teams, BearingPoint co‑designed the technical interfaces and collaborated on defining the functional and structural business requirements for the transaction. These jointly developed specifications were then implemented into BearingPoint’s securitization platform, followed by several rounds of testing with both sample and live data to ensure full accuracy, stability, and compliance before go‑live.

Since the successful launch, BearingPoint has continued to support VWFS Poland through its Securitization as a Service model, ensuring smooth monthly data processing, fully automated generation of investor and ESMA reports, and the timely delivery of all internal reporting outputs. This ongoing collaboration has also included the efficient handling of change requests prompted by regulatory updates or internal process adjustments, backed by thorough analysis, precise implementation, and consistent quality assurance. Over the past three years, the partnership has matured into a stable and trusted cooperation, characterized by reliable operational servicing, continuous optimization of the transaction, and a shared commitment to maintaining the highest standards of excellence.

Setting a new benchmark for Polish financial services

VWFS Poland successfully executed its first, STS‑verified ABS transaction, efficiently, securely, and in full compliance. This achievement not only strengthened VWFS Poland’s market position but also set a new benchmark for innovation and digitalization within the Polish financial services sector.

By using BearingPoint’s Securitization‑as‑a‑Service solution, VWFS Poland gained an efficient, timely and accurate regulatory and investor reporting process. The solution also provides deep insights into its asset pool and automated data integration with its internal data warehouse, significantly reducing manual work. In addition, VWFS Poland is enabled to respond quickly to reporting or operational challenges, supported by tailored solutions to its internal processes and organizational structure.

Volkswagen Financial Services Poland (VWFS Poland)

Volkswagen Financial Services Poland (VWFS Poland) is the Polish subsidiary of Volkswagen Financial Services AG, providing a wide range of financing, leasing, and mobility solutions. VWFS Poland supports private customers, small-to-medium enterprises, and corporate clients in acquiring and managing vehicles from all Volkswagen Group brands. As a leading mobility provider in the Polish market, VWFS Poland combines financial expertise with digital, customer-focused services to facilitate flexible and secure vehicle ownership and fleet management.