Our Best Practice Guidance Note – Introduction on receivables is accessible to all #LuxCMA followers. The paper has been published by LuxCMA Best Practice Working Group – Management & Corporate Governance and touches some interesting points regarding the securitisation of receivables and the relevant common reporting. 

The note is a good tool to navigate the structure of one of the most common type of underlying asset in securitisation transactions and includes the general common scheme of set-up, indications about the servicer and its role, the trustee, the common reporting such as the servicer report and the investors report.