Corporate Service Providers

Those issuers, corporate services providers, collateral managers, servicers and special servicers that regularly submit debt announcements on the Irish Stock Exchange will know how straightforward and quick it is to submit.  For those that don’t, at present this process involves simply sending a copy of the notice or announcement to the email address announcements@ise.ie and the publication is free of charge if a Word version of the notice is sent. 
Continue Reading Irish Stock Exchange announcements – Its all change at the Exchange!

There are two points that must be made in order to get you from where this idea started to where it is today and why we believe we are in a great position to put this project into practice.  It is not as though I will know if you skip the next two paragraphs to get there but if you do not, there is a point to all this.

The First:  We offer our services to people not to the titles they hold.  The titleholders that formed a large part of our client base leading up to September 2008 moved on while their titles were extinguished.  When those very titleholders resurfaced elsewhere in different roles yet still very much operating in the capital markets, we were purposefully in a position where the whole of our team had the ability to advise all such parties even if increasingly from a different perspective. 
Continue Reading May we sell your services please?

Following the boom years of securitisation origination and the well documented post-Lehman troubles securitisation transactions are now coming to the end of their life cycles as assets default, are re-financed or bought back by originators. However, there are typically numerous legal and accounting costs – and possibly taxes – associated with unwinding a securitisation such as releasing security, terminating the legal agreements and liquidating the issuer (and any related entities such as the SPV holding companies and SPV holders of post-enforcement call options). The fact that, usually, little thought was given at the outset of a transaction as to how such costs should be allocated, begs the question “who pays”?
Continue Reading Winding up securitisation issuers: who pays?