Best Practice l Guidance Note for Board Members l Financial Statements & Disclosures

This new publication aims to provide clarity and advice to stakeholders using the financial statements of Financial Vehicle Corporations (FVCs). It also aims to harmonise the level of disclosure in the financial statements of FVCs across the market.

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Best Practice I Guidance Note for Board Members I Securitisation of Non-Performing Loans (“NPLs”)

You'll have noticed! Non-performing loans (NPLs) are one of the hottest topics in the capital markets sphere at the moment, following the recent adoption of the relevant directive by the European Union. Today, our Best Practice I Management & Corporate Governance subgroup is therefore pleased to share with you its Guidance Note on Securitisation of Non-Performing Loans!

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Best Practice I Guidance Note for Board Members l Direct lending with Securitisation Vehicle as Originator

We are pleased to share with you today our latest documentย ๐—š๐˜‚๐—ถ๐—ฑ๐—ฎ๐—ป๐—ฐ๐—ฒย ๐—ก๐—ผ๐˜๐—ฒย ๐—ณ๐—ผ๐—ฟย ๐—•๐—ผ๐—ฎ๐—ฟ๐—ฑย ๐— ๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ๐˜€ย focusing on ๐——๐—ถ๐—ฟ๐—ฒ๐—ฐ๐˜ย ๐—น๐—ฒ๐—ป๐—ฑ๐—ถ๐—ป๐—ดย ๐˜„๐—ถ๐˜๐—ตย ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐—ถ๐˜€๐—ฎ๐˜๐—ถ๐—ผ๐—ปย ๐—ฉ๐—ฒ๐—ต๐—ถ๐—ฐ๐—น๐—ฒย ๐—ฎ๐˜€ย ๐—ผ๐—ฟ๐—ถ๐—ด๐—ถ๐—ป๐—ฎ๐˜๐—ผ๐—ฟ. Main parties involved, lending process and much more! Dive in this paper and find all the answers to your questions.

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Best Practice I Guidance Note for Board Members | Securitisation of Receivables

We are pleased to announce today the release of our latest publication on ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐—ถ๐˜€๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—ฅ๐—ฒ๐—ฐ๐—ฒ๐—ถ๐˜ƒ๐—ฎ๐—ฏ๐—น๐—ฒ๐˜€. This is a timely topic as companies look for innovative solutions to manage their cash flow and liquidity in these challenging times. In this guidance note, our Best Practice I ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ & ๐—–๐—ผ๐—ฟ๐—ฝ๐—ผ๐—ฟ๐—ฎ๐˜๐—ฒ ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ sub-group looks at the complex world of securitisation and how it can be leveraged to unlock the value of receivables. Mechanism, parties involved and more! Dive in it and find practical guidance on how companies can navigate this potentially game-changing financing option for many businesses. Thank you to our LuxCMA contributors for joining the conversation on this important topic. Feel free to share this publication with your colleagues and network! And if you have any questions, suggestions or comments, please feel free to contact us at info@luxcma.lu.

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Best Practice l Annual Securitisation Vehicles Reporting Deadlines

A new tool is now available for the LuxCMA community! Youโ€™re still unsure of precisely what you must disclose and when โ€“ it is high time to figure it out! Luckily, you donโ€™t have to pull an all-nighter trying to make sense of it. In this timeline, our Best Practice I Management & Corporate Governance sub-group has listed what you have to disclose and when to make sure youโ€™re compliant with the annual reporting deadlines for securitisation vehicles. What you have to do and when? Letยดs have a look!

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Best Practice I Guidance Note for Board Members l Identification of the Beneficial Owner(s) for the Purposes of Filing with the RBE with respect to Orphan Securitisation Vehicles

Our Best Practice I UBO identification & KYC sub-group has been working over the last few months on the preparation of a guidance note on the identification of the beneficial owner(s) for the purposes of filing with the RBE with respect to orphan securitisation vehicles. This paper addresses the question of who should be reported as the Ultimate Beneficial Owner (โ€œUBOโ€) or Controller of a Financial Vehicle Corporation and aims to provide guidance on the steps to be taken in this process.

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Best Practice I Guidance Note for Board Members l Accounting for Repackaging of Investment Funds

It is already a good start into the year! New document available for our followers! After the publication of the Best Practice Guidance Note on Performing loans and other receivables in mid-December, our Best Practice I Accounting & Reporting has a new gift for you! Check out today the Guidance Note focusing on the accounting methodology and different treatments for Repackaging of investment funds.

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Best Practice I Guidance Note for Board Members l Accounting for Performing Loans and Other Receivables

And finally here we are! New document available for our followers! Our Best Practice I Accounting & Reporting working group starts its gift distribution by releasing today its Guidance Note on Performing loans and other receivables accessible to all #LuxCMA followers on our website. The publication touches some interesting points regarding the accounting policy and the different treatments which apply to these receivables.

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Best Practice I Guidance Note for Board Members l Collateralised Loan Obligation (“CLO”)

It's time for a LuxCMA update! Following the entry into force of the modernised Luxembourg Securitisation Law of March 8th, 2022, find out today the latest update of the existing Guidance Note focused on Collateralised Loan Obligation ("CLO") prepared by our LuxCMA Best Practice Working Group - Management & Corporate Governance. The publication will drive you, amongst others, into the notions of investment manager, collateral administrator and collateral reporting.

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