|(Webinar via Zoom) A Two Part Introduction to Repackaging and Securitization Programmes presented by Allen & Overy and Appleby
||4 February 2021 (Thursday)
||2:30pm - 5:45pm
For delegates who have prior knowledge of the subject area
||(Law CPD Points being applied for)
Fiona Chan is a partner in the corporate department of Appleby's Hong Kong office, advising on a full spectrum of banking and finance, non-contentious insurance, technology and innovation, private client and trust matters relating to the laws of Bermuda, British Virgin Islands and Cayman Islands.
Fiona has almost 20 years of offshore and onshore experience in the Asian market. She leads the Banking and Finance, Private Client & Trusts practices in the Hong Kong office as well as Appleby's Technology & Innovation Group and Economic Substance Working Group in Asia.
Her broad offshore law practice spans banking and finance transactions including acquisition, leveraged and project financing, shipping and aircraft financing, structured products, bond issuance and restructuring of corporates and financial institutions. In the private client practice space, Fiona specialises in advising on Bermuda insurances and trust structures of various offshore jurisdictions.
Melissa Chiu is Counsel in Appleby's Hong Kong office and a member of the corporate and finance department. She has over five years experience practicing the laws of BVI, Cayman and Bermuda. Melissa's practice covers a wide range of finance matters, including banking finance, private and public bond offerings, structured finance products and fund financing. Her banking practice covers asset finance, acquisition finance, corporate finance including syndicated loans and onshore/offshore loans. Melissa also has extensive experience in debt capital markets, having advised on a number of corporate bonds, convertible bonds and MTN programmes. Melissa's experience in structured finance includes setting up on-balance sheet and off-balance sheet security backed and guaranteed structured note programmes, various debt securitizations as well as bespoke asset repackages.
Prior to joining Appleby, Melissa practised banking and finance law at another offshore law firm, and prior to that she practiced banking and finance in an international law firm in Hong Kong.
James is a Counsel in Allen & Overy's Hong Kong office and a member of the derivatives and structured finance team. With over 10 years experience, James covers a full spectrum of structured products and financings, including repackagings, structured notes, total return swap structures and equity financing and advises a range of entities including banks, securities firms, funds, other financial institutions and corporates..
James specialises in a wide range of OTC derivatives matters relating to ISDA and repo/stock loan documentation across all asset classes including interest, FX, equity, credit and commodity.
James has also been involved in a wide range of regulatory matters, including margin for uncleared swaps and trade reporting obligations under the European Market Infrastructure Regulation (EMIR).
This webinar is a two part introduction to repackaging and securitization programmes. In Part 1, Allen & Overy will provide a high level overview of the key features of a repackaging programme, including documentation structure and cashflows. In Part 2, Appleby will provide an overview of the offshore aspects of securitization and repack programmes, and specifically the use of a Cayman Orphan SPV structure to facilitate such transactions.
Part 1: Overview of repackaging programmes
- Introduction to repackaging transactions
- Principal features and documentation
- Types of repackaging transactions
- Other considerations
Part 2: Offshore aspects and use of the Cayman Orphan SPV in securitisation and repackaging programmes
- The role of the SPV in Securitization and Repack Programme
- Achieving bankruptcy remoteness and off-balance sheet treatment of the SPV
- Why a Cayman orphan SPV is the vehicle of choice compared to other offshore jurisdictions and other corporate entities
- How to set up a Cayman orphan SPVs
- Common questions relating to the orphan structure
||Corporate / Commercial