Continuing our series on legal and other concepts aimed at those working in tax Mark Brailsford partner and Emer Hunt tax department Allen & Overy London discuss securitisation
Securitisation is a means of raising finance. Companies will compare securitisation to bank loans corporate bonds and commercial paper and whilst the cost of funds will be the primary consideration the legal regulatory tax and accounting framework will also be relevant when carrying out this exercise. Securitisation is not simply a substitute for other forms of financing; it also allows diversified funding and because of the enhanced creditworthiness of the receivables cheaper funding.
In this article we give an overview of the principal legal aspects of securitisation. The accounting...
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Continuing our series on legal and other concepts aimed at those working in tax Mark Brailsford partner and Emer Hunt tax department Allen & Overy London discuss securitisation
Securitisation is a means of raising finance. Companies will compare securitisation to bank loans corporate bonds and commercial paper and whilst the cost of funds will be the primary consideration the legal regulatory tax and accounting framework will also be relevant when carrying out this exercise. Securitisation is not simply a substitute for other forms of financing; it also allows diversified funding and because of the enhanced creditworthiness of the receivables cheaper funding.
In this article we give an overview of the principal legal aspects of securitisation. The accounting...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
