Securitisation

Capital markets

“Norton Rose LLP delivers ‘an extremely high level of service in every respect’” Chambers & Partners Global, 2010

Arrangers, sponsors and a variety of participants, including rating agencies, instruct our global securitisation team on transactions across all asset classes.

Our team includes securitisation, derivatives and regulatory experts, who advise clients on funded and synthetic securitisations. Our expertise spans a wide range of asset classes, including trade receivables, commercial property, equipment leases, utility receipts, whole business consumer loan and HP receivables.

Many of our securitisation experts also have highly developed industry expertise, particularly across the transport, insurance and infrastructure sectors. Our insurance-related capital markets work includes catastrophe bonds, non-catastrophe insurance linked securities, transformer structures and structures involving the Reinsurance Directives, ISPVs, protected cell companies and mutual funds. Our infrastructure work includes secondary PFI/PPP, refinancing and the repackaging of infrastructure loans through funded securitisation and synthetic securitisation. In the transport industry, we have unrivalled experience of advising on the securitisation of lease rentals.

The practice also works very closely with our tax, regulatory, asset finance and real estate practices to provide a unified team of lawyers who have experience in the various facets of securitisation across a number of jurisdictions and markets.

The team has acted on bank-funded projects in the health industry, education, roads, defence and has a growing share in the project bonds market in these sectors.