Securitisation

Securitisation can be defined as any financing process by which an entity (originator) transfers one or more assets or risks to a dedicated vehicle (securitisation vehicle) in exchange for cash, as the securitisation vehicle is financed by the issuance of securities backed by the assets (collateral) transferred and the income generated by those assets.

The Luxembourg law dated March 22, 2004 defines securitisation as an operation by which a securitisation vehicle acquires or assumes risks either directly or through another entity. The risks incurred are the risks attached to claims, other assets or commitments that were assumed by third parties or that are inherent to all or part of the activities undertaken by third parties.

The securitisation vehicle in turn issues transferrable securities whose value or yield reflect these risks.

Company

ASK Invest S.à r.l.

Luxembourg Trade and Companies Register
no. B 167027

Tax identity number
LU 25264361