Securitisation enables the group to access funding markets at ratings that are typically higher than its own corporate credit rating. This generally provides access to broader funding pools at more favourable rates. The removal of the assets and supporting funding from the balance sheet enables the group to reduce the cost of on-balance sheet financing and to manage potential asset/liability mismatches and credit concentrations.
The group uses securitisation as a tool to achieve one or more of the following objectives:
- Improve the group’s liquidity position through the diversification of funding sources
- Match the cashflow profile of assets and liabilities
- Reduce balance sheet credit risk exposures
- Manage credit concentration risks
Turbo Finance securitisations
Access documentation associated with the Turbo Finance 4 – 7 securitisations by registering on the BOE portal below. You will be directed away from this website to the Moody’s Analytics portal.Global ABS portal