Special Purpose Vehicles And Securitisation In Jersey

This briefing relates to the use of Jersey companies as special purpose vehicles ("SPVs") specifically established for the purposes of securitisations and other structured financing transactions.

Introduction

Over the past twenty five years, Jersey has consistently been selected as the jurisdiction to locate SPVs. There are many commercial purposes that can be met by the use of a Jersey SPV. Examples include:

• issuing and repackaging debt securities;
• securitisation (asset backed securities, mortgage backed securities, collateralised bond obligations, collateralised loan obligations, and collateralised debt obligations);
• synthetic securitisation;
• conduits (asset backed commercial paper ("ABCP")/purchasing vehicles/receivables trusts);