As part of Societe Generale's series of Meet the Experts presentations, Yuki Ishii and Yugo Okumura discuss repack solutions.
The repackaging concept is an essential tool for businesses such as project finance, securitisation and all kinds of asset-backed securities, including residential mortgage-backed securities/commercial mortgage-backed securities. It can be used to access restricted onshore investments, to customise cash flows by implementing derivatives or to transform the forms of investment. The traditional way is to set up a special-purpose vehicle in a country with preferential tax treatment and appoint agents such as trustees, custodians and paying agents – which are usually independent from the arranger. To better serve its clients, Societe Generale has also launched a dedicated platform allowing the replication of the repackaging scheme using its own flagship issuer: Societe Generale Issuer (SGIS). As the global issuer of Societe Generale for both unsecured and secured notes, the issuing process for SGIS is industrialised, with a faster time to delivery and minimal cost. The range of assets is wide and can comprise bonds, equities or even Ucits funds.
Register to watch the presentation Bond repack capabilities – Simplicity, security, independence, available for on-demand viewing
More on Risk Management
Regulators could cap the maturity banks assume for large chunks of their deposit base
Three easy-to-implement methods for back-testing expected shortfall
Welcome to The Journal of Network Theory in Finance's Online First Forum. Here you will find the latest peer reviewed, accepted papers before they are available in print. With Online First publication,...
Sponsored webinar: IBM Risk Analytics
Sign up for Risk.net email alerts
Derivatives based on new indexes will increase hedging tools
Investors increasing their exposure to high yield bond funds is an area of concern, according to Bénédicte Nolens, head of risk and strategy at the Securities and Futures Commission
Speaking at the Asia Risk Congress, CIMB head of rates, funding and structuring Chu Kok Wei sets out his concerns over the move to central clearing in the region
Interviewed at the Sibos conference in Osaka, David Puth talks about growth plans for Asia and the risk management implications of central clearing
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.