Legal and Economic Aspects of Debt Securitisation with Involvement of Special Purpose Corporation

Szydło Wojciech ()
Additional contact information
Szydło Wojciech: PhD in Law with a post-doctorate degree in Law, Assistant Professor in the Department of Civil Law and International Private Law at the Institute of Civil Sciences, Faculty of Law, Administration and Economics, University of Wroclaw

Wroclaw Review of Law, Administration & Economics, 2020, vol. 10, issue 1, 1-16

Abstract: Securitisation is an asset management method aimed at issuing securities based on a separate set of claims. With this method, private entities and public entities delivering public tasks can have access to investment financing or operational financial through the capital market, bypassing a credit risk. It is achieved by bringing to a swap of a package of claims due to the entity with cash raised through issuing securities (e.g., bonds) backed by the debt obligations (claims). The paper presents legal and economic rules for organising the debt securitisation process involving a special purpose commercial law company set up to issue securities, which, next to securitisation through a securitisation fund, is one of the two types of securitisation of claims governed by Polish law. This paper was written within the research project financed by the National Science Centre No. DEC-2013/08/A/HS5/00642.

Keywords: Debt securitisation; a special purpose corporation; a special purpose vehicle; special purpose company; securitisation fund; assignment of receivables; sub-participation contract; securities; bonds (search for similar items in EconPapers)
JEL-codes: K (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/wrlae-2020-0001 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:wrolae:v:10:y:2020:i:1:p:1-16:n:6

DOI: 10.2478/wrlae-2020-0001

Access Statistics for this article

Wroclaw Review of Law, Administration & Economics is currently edited by Artur Kozłowski

More articles in Wroclaw Review of Law, Administration & Economics from Sciendo
Bibliographic data for series maintained by Peter Golla ().