PeregeniuS SCC Ltd.
Your international advisor and service provider when it comes to securitization of assets and the sophisticated as well as smart setup of investment structures.
Peregenius SCC Ltd. is a Securitisation Cell Company (SCC), a company incorporated for the sole object of entering into securitisation transactions. A SCC establishes within itself one or more cells for the purpose of entering into securitisation transactions, a financing process by which an entity transfers illiquid assets or risks to a dedicated securitisation vehicle in exchange for cash equivalent.
While a securitisation cell is not a legal person separate from the securitisation cell company, it constitutes by law a separate and ring-fenced patrimony of the SCC.
The SCC is regulated by the Securitisation Act and the Securitisation Cell Companies Regulations.
What can be securitised?
In principle all assets can be securitised. Common are property, receivables, loans and equity. Less common and more complex to structure are art or physical assets such as machinery, warehouse goods, cars and in some instances also rights like intellectual property rights or trademarks.
We provide our clients with customised comprehensive services according to your needs, targets and demands. In collaboration with our external partners, we offer sophisticated tools and solutions.
Why Choose Us
Any task requires a comprehensive and careful management. Our management fulfils this challenging task according to our philosophy: stability, security and transparency.
The key question from our point of view is to carefully analyse the requirements and goals that need to be achieved. Furthermore, securitization is not a standard product. It is a very tailor-made setup that requires careful consideration and experience.
We are happy to cater to all your needs. Our team will support you individually and administer your needs and targets based on your requirements.
Some legal aspects
While a SCC is not required to apply for a licence from the regulator in order to do business, it is required to give notice to the competent authority prior to commencement of business as a securitisation vehicle and also prior to commencing business in respect of any individual cell. Any approval or notification issued in respect of a cell is required to be registered with the Registrar of Companies
Securitisation transactions entered into by a Maltese SCC are by law not to be considered collective investment schemes and therefore exempt from licensing requirements under the EU Alternative Investment Fund Managers Directive (AIFMD), while having full promotion rights to sophisticated investors as (asset backed) instruments.
The Securitisation Act does not contain any specific requirements concerning disclosure to investors. However, securities offered to the public or listed on a regulated market in the European Economic Area will be required to publish a prospectus that complies with the relevant disclosure requirements of the EU Prospectus Directive and the EU Prospectus Regulation.
Further Advantages
An asset or wealth manager can also include potential fees for service provided in the vehicle, where such fees are deducted directly from the securitization vehicle and no contract with the end client is required.
Securitization vehicles are cheaper than funds and since outside of fund regulations a wider range of assets can be held compared to funds.
This also allows an efficient way of white labelling for asset managers who prefer their own brand.
In a wealth management context, securitization may allow tax efficient transfer of assets while still maintaining the control or income streams over them or the efficient split of assets between different persons.
The activities of a Malta securitisation vehicle can achieve tax neutrality.
Contact
Peregenius SCC Ltd.
168 St. Christopher Street
VLT 1467 Valletta, Malta