Suite Finance offers innovative and tailor-made financial instruments for businesses, banks, family offices and HNWI.
The structuring of securitisation transactions using Maltese securitisation vehicles is flexible and offers many advantages.
Securitisation operations with vehicles created under Maltese law are safe, easy, fast and efficient solutions.
Suite Finance SCC Plc is a finance company incorporated under the Securitisation Act of Malta
Suite Finance SCC Plc established as a special purpose vehicle for the issue of asset-backed securities for any securitization transactions as permitted in terms of the Securitisation Act of Malta.
The object and purpose of Suite Finance SCC Plc are exclusively limited to securitization and to all operations and transactions required to participate in a securitization including, without limitation, the purchase, management and collection of credits or other receivables or other securitization assets, risk-taking, the granting of secured loans, the issuance of securities.
The “core business” of the Issuer is to issue a series of securities and further issues of such securities (where applicable), with limited recourse, in the form of notes or certificates or bonds, whose value or yield is linked to specific Compartments, assets or risks. The Issuer will be exclusively target qualified investors, as defined by the EU Prospective Directive.
The Suite Finance SCC investment strategy includes listed securities and unlisted securities, with a specific focus on Real Estate, Certificates and RMBS residential mortgage loans, Commercial mortgage loans CMBS, Consumer/Corporate Asset Backed Securities – ABS, Cash/Synthetic Collateralised Debt Obligations – DCOs, Commercial Credit, Commodities, Paintings and works of art.
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Securitisation vehicles established in terms of the Act are bankruptcy remote from the originator by operation of the law. The Act expressly provides that no proceedings taken in relation to the originator under any law will have any effect on the securitisation vehicle, the securitisation assets acquired (or risks assumed) by the securitisation vehicle, or other assets of the securitisation vehicle, including payments due by the underlying debtors, cash-flows or other proceeds owing to the vehicle in connection with the securitised assets.
PRIORITY CLAIM OVER ASSETS
Investors in the securities issued by the securitisation vehicle (whose credit is secured by any means whatsoever) enjoy the benefit of a first ranking privilege under Maltese law with respect to all assets held by the securitisation vehicle, except for other securitisation creditors who are given a prior ranking with the consent of the investors. This privilege extends to all proceeds derived from the securitisation assets and all assets acquired with those proceeds.
The subordination of claims between various securitisation creditors (including investors, lenders, liquidity providers, hedge counterparties and the like) will also be respected in accordance with the provisions of the Act, including in the event of insolvency. Moreover, the Act expressly prohibits all persons who are not securitisation creditors from applying to the court for the issuance or enforcement of any precautionary act or warrant against the securitisation vehicle and its assets unless it is shown to the satisfaction of the court that there has been fraud on the part of the securitisation vehicle.
The constitutive documents of the securitisation vehicle may give a person (such as a trustee) or class of creditors the exclusive right to demand the securitisation vehicle’s dissolution, liquidation, winding up, reconstruction or recovery (i.e. to the exclusion of all other persons), confirming that non-petition clauses typically included in transaction documents will be respected.
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Our team, made up of more than 30 professionals, combines various experiences in the financial and business world. By always keeping the focus on project objectives and customer needs, we create value, taking care of detail, building a solid relationship with the customer and exceeding expectations.
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