TSI Training: Legal & Documentation in Securitisation

The contribution of securitisations to financing the digital and sustainable transition in Germany and Europe has been discussed intensively in recent months. The same applies to the extensive regulation with the EU Securitization Regulation in force since January 1, 2019 and its numerous technical regulatory standards and guidelines.

But how does a securitisation actually work from a legal perspective, and how is it implemented in the sales prospectus, contracts and legal opinions of a specific transaction? We would like to get to the bottom of these questions in the new TSI training "Legal & Documentation in Securitisations".

Concrete transactions and their documentation will be analyzed with the following focus:

• Overview of the various legal documents
• From a first term sheet to the Black OC: Structuring process
• Preparation and coordination process of the legal documentation with all transaction parties
• Requirements for the special purpose vehicle - from jurisdiction to creation to liquidation
• Case study: Offering circular and legal opinion of an Auto ABS transaction
• Legal and structural particularities of leasing receivables
• Legal opinions and contracts for trade receivables; international private law
• Documentation for synthetic balance sheet securitisations

This TSI training with a very high practical relevance is aimed at all market participants who deal with the preparation, documentation review and analysis of securitization transactions in their operational business. The practical relevance arises for corporates and financial institutions as originators, arranging banks, rating agencies, investors and other service providers involved. Previous legal education of participants is not required.