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Titanium Sponsor(s)
Our company has been in business for 25 years, although we weren’t always known as Ameriquest Mortgage Company. We were founded in 1979 as Long Beach Savings and Loan. During the late \'80s, we began shifting our focus away from banking and toward wholesale and retail mortgage lending. We had such great success that, in 1994, we became a mortgage company and left the savings and loan business behind. In 1997, we changed our name to Ameriquest Mortgage Company. In 2001, we opened Argent Mortgage Company.
At Ameriquest Mortgage Company, we’re in the business of helping people. Over the years, we’ve built and refined a solid business strategy, all while maintaining our commitment to doing the right thing for our customers, our associates, and the communities we serve. Built on a foundation of high standards and integrity, we continue to evolve and look for new ways to provide value to the mortgage consumer.
At Argent Mortgage Company, we provide the most competitive mortgage loans in the industry. We are devoted to providing the best programs, pricing and service to the broker community. With an optimistic outlook, and a constant quest for improvement we provide stellar customer service: better communication, better turnaround and better pricing.
Banc of America Securities, a subsidiary of Bank of America Corporation, is a full-service investment bank and brokerage firm with principal offices in New York and Charlotte. Together with its London affiliate, Banc of America Securities Limited, the firm delivers capital raising, financial advisory and risk management solutions, bulge-bracket trading and global distribution services, and objective research on global markets and growth sectors to corporations, institutional investors, financial institutions and government entities.
As a major participant in all asset-backed financing markets, Banc of America Securities serves a broad client base including banks, corporations, asset managers, insurance companies, re-insurers and private clients. With transaction sizes ranging from $25 million to more than $6 billion, Banc of America Securities has securitized a wide array of assets, which include auto loans, home equity and manufactured housing loans, commercial and residential mortgage loans, equipment and auto leases, credit card receivables, student loans, export receivables and bank remittances. Securities are offered in the public or private markets or through the issuance of multi-seller asset-backed commercial paper. With Global Structured Finance and Global Structured Products professionals in Charlotte, Chicago, Dallas, Los Angeles, New York, London and Tokyo, Banc of America Securities has the expertise to serve any client's securitization needs.
LaSalle Bank and ABN AMRO Trustees Limited offer exceptional expertise gained over a decade of serving the securitization industry. We are proven performers with a reputation for innovation and responsiveness, and have capabilities in North America, Europe, Asia and Latin America. From experienced professionals to superior service and leading-edge technology, we offer advantages that few providers can match. You gain the benefits of a worldwide network known for stability, strength and global resources.
Our Global Securities and Trust Services group is a premier provider to the CDO (CLO/CBO/CFO) marketplace. We are one of the top two trustees in the world based on the value of CDO deals issued and have been for the last three years according to Asset-Backed Alert. In addition, we offer a full range of RMBS-related services through a dedicated team of professionals. Clients also benefit from our relationship with ABN AMRO Bank, one of the largest administrators of ABCP programs in the world.
Our experienced CDO specialists are dedicated to providing the very best customer service, analytics and technology. Working closely with your deal team from pre-close to post-close, we customize solutions to meet your objectives. As testament to our prompt, flexible and high-quality service, we have a clear track record of satisfied clients. Extensive capabilities range from fully integrated loan administration and bond administration to collateral compliance, investor reporting and security analytics to issuing and paying agency services. Our insightful, in-depth reporting package is one of the finest in the industry.
Advantages of our comprehensive approach include responsive compliance testing, detailed leveraged loan and structured product collateral tracking, ramp-up custody, integrated CDO and IPA systems, and www.CDOtrustee.com, our state-of-the-art CDO Web-Station. You are assured a provider with the advanced infrastructure and strong back-office foundation to deliver timely customized solutions to satisfy the fiduciary needs of the CDO marketplace. For more information on CDO Trust Services, call Lora Peloquin (312) 904-7753 or Juliana Man in London +44 2(0) 7678 4448.
From trustee and document custodian to disbursement agent and master servicer, our RMBS specialists offer fully integrated, seamless solutions. We are a full-service trust provider with ten years of experience in the market. As trustee on more than 1,080 securitized transactions and preferred custodian for over 60 clients with 2.5 million loans in custody, we’ve built a reputation for superior quality and performance. We focus on accuracy and delivering timely, customized solutions to issuers, investors, underwriters and rating agencies. All calculations are performed in-house, allowing us to meet your unique reporting requirements, quickly and efficiently. Clients have fully integrated web access to all aspects of a transaction, providing for effective deal management. Our extensive capabilities include a full range of document custody services with strategically located facilities. For more information on RMBS solutions, call David Arnold (949) 705-6007.
ABN AMRO Bank is also one of the largest administrators of asset-backed commercial paper programs in the world with over $50 billion in outstanding ABCP. Our many asset-backed commercial paper conduits range from Windmill Funding and Amsterdam Funding to Tulip Funding, Orchid Funding and Tasman/Abel Funding. We also have securitization professionals who specialize in origination and execution of mortgage and asset-backed securities around the globe. Our fixed income sales force is located in leading financial centers as well as key emerging markets. For more information on ABCP or other securitization transactions, call Robert Graff (312) 904-2675, Sean Chen (312) 904-2569, or William Haley (212) 409-6374.
MBIA Inc. -through its subsidiaries, is a leading financial guarantor and provider of specialized financial services. MBIA's innovative and cost-effective products and services meet the credit enhancement and investment needs of its public and private sector clients domestically and internationally. Our superior financial strength and unmatched history of quality service coupled with the largest and most experienced team of credit analysts in the industry makes us the financial guarantor of choice. With Triple-A claims-paying ratings from Moody's Investors Service, Standard & Poor's, Fitch, and Ratings and Investment Information, we offer credit enhancement for a wide range of issues in worldwide markets. NYSE symbol: MBI. Please visit our website at
http://www.mbia.com
No law firm had a greater impact on the securitization industry in the past year than McKee Nelson. The firm was ranked first as underwriters' counsel for all U.S. asset-backed and mortgage-backed transactions for 2003, first as issuer's counsel for mortgage-backed deals and second as issuer's counsel for asset-backed transactions.
In 2003 McKee Nelson augmented its securitization practice by creating one of the country's premier structured product practices, bringing on board several top-flight lateral partners with unparalleled reputations in CDOs, credit derivatives and structured investment vehicles. Most recently, McKee Nelson joined with U.K.-based Ashurst to form Ashurst|McKee Nelson, An Alliance in Structured Finance. The alliance allows McKee Nelson to provide legal advice on securitization and structured products across Europe, the United States and Asia, and gives clients access to global opportunities without the need to work through multiple legal advisors.
McKee Nelson's structured finance practice has grown to more than 60 attorneys in the firm's New York and Washington, D.C. offices. Five McKee Nelson structured finance partners have been named "Leading Lawyers" by Chambers Global, The World's Leading Lawyers for 2004-5. Described by Chambers as "a major player in mortgages, auto loans and CDOs," the firm has "experience in all assets and can compete on both volume and esoteric matters."
We are pleased to be a leading sponsor of ABS East, continuing our tradition of support for this conference.
Moody's Investors Service is among the world's most respected, widely utilized sources for credit ratings, research and risk analysis. The firm publishes market-leading credit opinions, deal research and commentary that reach more than 3,000 institutions and 22,000 subscribers around the globe.
Moody's integrity and deep market expertise have earned it the trust of capital market participants worldwide. Our ratings and analysis track more than $30 trillion of debt covering approximately 150,000 corporate, government and structured finance securities, 75,000 public finance obligations, 10,000 corporate relationships, and 100 sovereign nations.
Moody's maintains offices in most of the world's major financial centers and employs more than 1,800 people worldwide, including more than 1,000 analysts.
Moody's Investors Service is a subsidiary of Moody's Corporation (NYSE: MCO). The corporation had reported revenue of $1.2 billion in 2003. Additional information about the company is available at www.moodys.com.
Platinum Plus Sponsor(s)
Founded in 1923, Bear, Stearns & Co. Inc. is a leading investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC). With approximately $40.0 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, securities research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending, clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City, the company has approximately 10,500 employees worldwide. For additional information about Bear Stearns, please visit the firm’s website at http://www.bearstearns.com.
Global Structured Credit Products (“GSCP”)is part of Citigroup Global Markets and encompasses all the structured credit products, including arbitrage CDOs, synthetic CDOs, standardized tranche products, credit indices, and credit options. The GSCP platform is a fully integrated business complete with structuring, primary distribution, dedicated secondary trading, research and specialist sales. GSCP has personnel in New York, London, Hong Kong and Tokyo and we utilize the unparalleled global distribution reach of Citigroup's sales channels.
Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Additional information may be found at www.Citigroup.com.
With Euro 840 billion in assets and 65,400 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world.
Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.
The Global Asset Securitization Group is a fully integrated global team providing securitization services to both issuers and investors through teams based in the United States, Europe, Asia and Australia. Deutsche Bank is an active participant in the public and private asset-backed markets as well as a leading sponsor of multi-seller asset-backed commercial paper conduits.
Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with accurate, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.
Fitch Ratings is dual-headquartered in New York and London, operating offices and joint ventures in more than 49 locations and covering entities in more than 80 countries. Fitch
Ratings is a wholly owned subsidiary of Fimalac, S.A., an international business support services group headquartered in Paris, France.
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net-worth individuals.
Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Merrill Lynch is one of the world's leading financial management and advisory companies, with offices in 36 countries and total client assets of approximately $1.1 trillion. Through three primary business groups- Global Private Client, Merrill Lynch Investment Managers and Global Markets and Investment Banking - Merrill Lynch provides investment, financing, advisory, insurance, banking and related products and services to individuals, companies, institutions and governments across the globe.
The Global Markets & Investment Banking (GMI) group provides institutional clients with access to world markets through global underwriting, trading, risk management and distribution services. GMI also serves as a strategic advisor, offering merger and acquisition solutions to corporations and governments around the world, and leverages their industry-leading technology and expertise to supply clearance, settlement, custody, and securities financing services to clients.
Merrill Lynch’s Global Secured Financing businesses operate within GMI and leverage the firm’s worldwide resources to deliver integrated and, often, pioneering financing solutions and investment opportunities. Merrill Lynch’s Global Secured Financing businesses serve both the institutional and middle markets through several complimentary and specialized divisions. Whether clients are looking for origination, structuring, investing or distribution support, Merrill Lynch provides an array of solutions to help clients manage their balance sheet, liquidity, risk profile, and profitability.
Delivered by an experienced, successful worldwide team, and backed by the capital and commitment of Merrill Lynch, the firm’s secured product suite covers the full range of cash and synthetic options, leveraging ABS, MBS, principal investment, CDO and derivative structures. Merrill Lynch is active in a wide range of asset classes, including consumer loans and credit card transactions, residential and commercial real estate, aircraft finance, lease agreements, stranded costs, license and franchise operations, and trade deliveries and services.
MORGAN STANLEY'S GLOBAL SECURITIZED PRODUCTS GROUP ("SPG") provides structured product issuers and investors in the Americas, Europe and Asia with leading edge finance, capital markets, trading and research capabilities and execution in the ABS, CMBS and MBS markets. Morgan Stanley's fully integrated SPG platforms in New York, London, and Tokyo compliment the global financial services capabilities of the Morgan Stanley franchise. Morgan Stanley's SPG consistently achieves the highest standard of innovation and excellence that issuers and investors have come to expect, and has been widely recognized by the investment community and various publications. Morgan Stanley is dedicated to being the first choice for clients when they look to access the financial markets through securitization. For additional information about Morgan Stanley, please visit our website at http://www.morganstanley.com.
RBS Greenwich Capital is a wholly owned subsidiary of The Royal Bank of Scotland Group plc. Since its founding in 1981, RBS Greenwich Capital has grown from its early roots as one of the first relative value arbitrage-trading firms to become a unique fixed income capital markets player. The firm focuses on targeted products and markets where the company leverages its expertise to create substantial value for its clients.
RBS Greenwich Capital is a major primary dealer in U.S. government securities, a distinguished market leader in sales and trading of mortgage-backed securities, asset-backed securities, corporate bonds and credit derivatives, interest rate derivatives, asset finance, real estate finance and securitization markets. It also is a market leader in the provision of high quality futures brokerage services and trade strategies to select clients. For more information about RBS Greenwich Capital, visit its Web site at www.rbsgc.com.
Wells Fargo Corporate Trust Services has served the financial markets for over 60 years. Wells Fargo Corporate Trust’s Structured Products Group offers a complete package of integrated and customized services for ABS, MBS, and CDO transactions including trustee, backup servicing, document custody, master servicing, securities administration, portfolio administration, and tax and SEC reporting. Wells Fargo provides these services on over 2,000 transactions. Additionally, Wells Fargo has experience with international issuers of ABS transaction. Through their London office, Wells Fargo works with both public and private issuers on a variety of international asset classes representing ABS, MBS, and CDO.
WestLB, a leader in the global securitization markets, has built a reputation for strategic thinking and innovation and encouraged clients to share ideas and seek WestLB as a partner in growth.
WestLB is recognized as one of the premier ABCP conduit administrators in the market, providing conduit financing to clients across a broad range of asset classes including auto loans, credit card receivables, residential and commercial real estate and CDO’s. In the Collateralized Debt Obligation (CDO) market, WestLB maintains a leadership position through creative and market innovative structures and has a proven track record of arranging and originating in excess of USD 10 billion in CDO's.
Equipped with securitization professionals in New York, Dusseldorf, London and Tokyo, WestLB’s strong distribution capabilities provide issuers access to the global capital markets for public and private term asset-backed transactions as well as the asset-backed commercial paper market.
Platinum Sponsor(s)
Assured Guaranty Corp. is a leading provider of financial guaranty insurance in the U.S. and international mortgage-backed securities, structured finance and public finance markets. Assured Guaranty brings to its clients a recognized ability to analyze and underwrite on a timely basis credit enhancement for highly structured, risk-remote transactions. Its experience with a wide variety of asset classes, market conditions and client needs, combined with Assured Guaranty’s financial strength and balanced high quality in-force book of business make Assured Guaranty the experienced and innovative financial guaranty partner of choice for issuers, investors and broker/dealers. For more information, go to www.assuredguaranty.com.
Barclays Capital is the investment banking division of Barclays Bank PLC, one of the largest multi-national financial services groups in the world. With a focus on financing and risk management, Barclays Capital acts internationally as an intermediary and adviser to corporates, financial institutions, governments and supranational organisations. Barclays Capital, which has the support of an AA rated parent bank with a balance sheet of over £440 billion, has offices in 22 countries and around 5,700 people worldwide, giving it the reach and distribution power to meet clients’ needs wherever they are based.
For further information on Barclays Capital visit our website at www.barcap.com.
The Securitization Group of BNP Paribas delivers wide-ranging expertise in structuring solutions for clients. The group's expertise includes underwriting and syndicating term ABS transactions as well as structuring investment-grade ABCP. With securitization professionals in New York, London, Paris, Milan, Hong Kong and Tokyo, and the ability to execute all over the globe, BNP Paribas is well positioned to serve our clients needs.
Since 1985, Deloitte & Touche LLP professionals have added insight, consistency and value to more than 14,000 securitized offerings with an aggregate principal amount of more than $5 trillion. Our effectiveness is derived from the experience we bring, coupled with our research, study and devotion to the intricate business of securitization. Understanding that securitization is a combination of process, regulation and technology, we have assembled the wealth and depth of experience – from the beginning of the securitization process to the end – to offer you a comprehensive business solution to your securitization challenges. Serving leading players in the MBS, ABS, CDO and CMBS markets, domestic and global, we offer state-of-the-art products and expert services in financial modeling, analytics, technology, operations, due diligence, accounting and tax.
To provide you with solutions that take into account the complexity of your business, our well-rounded team of specialists with industry experience stands ready to help – no matter what your asset class, transaction structure of infrastructure needs may be. For more information, please contact Howard Kaplan at +1 212 436 2163 or hkaplan@deloitte.com.
JPMorgan Worldwide Securities Services (WSS) is a premier provider of trust and transaction management services to debt and equity issuers, intermediaries and investors in the global capital markets. With offices worldwide, our experienced professionals offer cross-border expertise, as well as product solutions with a local market focus. Worldwide Securities Services is committed to investing in the technology and resources needed to deliver comprehensive product offerings and expert customer service to its customers all over the globe. We understand our clients and work closely with them to determine their current and future needs, and put our superior technology to work to meet their goals.
JPMorgan FCS Corp. (FCS) provides today’s premier Portfolio Management System, Wall Street Office. Wall Street Office is a suite of products designed to make the management of portfolios and structured deals more efficient and effective. This comprehensive system is used by the bank loan, high yield and now ABS investment communities to manage more than $350 billion in assets and provides immediate access to real-time data in over 100 standard reports. Functionality tailored to the asset types found in these deals as well as compliance reporting specific to each structure allows our clients to spend their time maximizing portfolio performance. Beyond asset administration and compliance tracking, FCS offers accounting, performance analytics, and reporting products that enable our clients to more effectively manage their investments. This exceptional system meets today’s rigorous demands while allowing you to reach tomorrow’s profitability goals.
JPMorgan Consumer Loan Servicing provides third-party loan servicing on a broad range of asset classes. Our outstanding technology, highly trained personnel and comprehensive range of servicing functions allow our clients to maximize their return on investment and benefit from the leading practices in the loan servicing industry.
Systems & Services Technologies, Inc. (SST) is an asset servicing subsidiary of JPMorgan Chase Bank that provides a comprehensive range of global asset servicing solutions, including active servicing (conduit businesses and bulk portfolio transfers), back-up servicing, master servicing, and deficiency collections. SST offers comprehensive consumer loan servicing solutions for nonprime and sub-prime autos, recreation vehicles, manufactured housing, and consumer items.
For more information on our services, please contact: Mark Hartzell at 212-623-5690 for Worldwide Securities Services, Tom Phillips at 972-560-4420 for FCS, and Nicholas Scarabino at 212-623-1180 for Consumer Loan Servicing and SST.
JPMorgan ABS and CDO Finance Groups are market leaders across aspects of the Global Securitization Markets, with world class asset-backed term and conduit and CDO origination platforms. The groups combine with a top-ranked research, trading and global distribution presence. JPMorgan brings a full range of services to both Issuer and Investor clients. Our professionals provide global premier structured finance solutions for both Corporate and Middle Market clients with major locations in New York, Chicago, London, Hong Kong and Sydney.
For more information please contact:
David Duzyk at 212-834-5657 for all questions on JPMorgan's term business, Kirk Farney at 312-732-4115 for all questions on JPMorgan's conduit platform, and Brian Zeitlin 212-834-4147 for all questions on JPMorgan's CDO platform.
This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of JPMorgan Chase & Co., its subsidiaries and affiliates
LEHMAN BROTHERS is a leading global investment bank providing a full line of financial services to its clients. Lehman Brothers’ comprehensive product areas include the full array of equity, fixed-income, and asset management products as well as strategic advisory services. As a top ranked underwriter of fixed-income securities worldwide and as a leading underwriter of ABS securities, Lehman Brothers is in a unique position to offer issuers and investors structured finance solutions for a full range of asset classes across the globe.
Lehman Brothers' ABS group draws on the expertise of a wide variety of product areas, including derivatives, research, syndicate, investment banking, and money markets to structure optimal solutions for issuers.
The senior professionals in Lehman Brothers ABS have, on average, over 10 years of ABS experience. The ABS group is focused on providing cutting edge technology, which makes Lehman Brothers the global market leader in developing financial structures for all types of assets, including home equity loans, credit cards, automobile loans, student loans, collateralized bond and loan obligations (“CBOs and CLOs”), as well as more esoteric asset classes, such as synthetics, net interest margin securitizations, and unsecured consumer loans.
Mayer, Brown, Rowe & Maw LLP has over 1,300 attorneys, with thirteen principal offices and three representative offices in the United States, Europe and Asia. The firm regularly represents issuers, underwriters and placement agents, investors, trustees, servicers, credit and liquidity enhancers, multi-seller conduits and rating agencies, and is continuously active in securitization in North America, Latin America, Europe, and Asia. In addition to having the largest commercial paper practice in the world, Mayer Brown has experience in almost all other types of assets, including many exotic asset-classes, such as operating leases, future export receivables and charged-off consumer loans, and various types of CLOs and CBOs. In 1999, Mayer Brown developed Securitization.NetTM, a collaborative website for the structured finance community that is free to users and contributors worldwide. It’s packed with news, articles, deal information, publications, conference descriptions, and substantive information on structured finance from rating agencies, accounting firms, banks, publishers, law firms and other Contributors from around the world. Access, contributions to, and links with Securitization.NetTM are free to all issuers, investors, lenders, servicers and others in the structured finance community. Securitization.NetTM is sponsored and maintained by Mayer, Brown, Rowe & Maw LLP.
The PMI Group, Inc.
The PMI Group, Inc. (NYSE:PMI), headquartered in Walnut Creek, CA, is an international provider of credit enhancement products that promote homeownership and facilitate mortgage transactions in the capital markets. Through its wholly owned subsidiaries and unconsolidated strategic investments, PMI offers residential mortgage insurance and credit enhancement products domestically and internationally, financial guaranty insurance and financial guaranty reinsurance. The PMI Group, Inc. is one of the largest private mortgage insurers in the United States, Australia, New Zealand, and the European Union, as well as the largest mortgage guaranty reinsurer in Hong Kong.
Private mortgage insurance protects mortgage lenders against potential losses in the event of borrower default. By covering default risk on residential first mortgage loans, mortgage insurance facilitates the sale of low down payment mortgages in the secondary mortgage market. In addition, private mortgage insurance expands homeownership opportunities by enabling borrowers to purchase homes with down payments of less than 20 percent.
The PMI Group, Inc. is an advocate of affordable housing and through the PMI Foundation supports a number of initiatives and organizations that foster greater access to affordable housing in the United States, including Habitat for Humanity International, Native American Indian Housing Council, Congressional Hispanic Caucus Institute and National Community Reinvestment Coalition.
PMI’s US Market Risk Index, published quarterly as part of the PMI Economic and Real Estate Trends report (ERET), has been featured in publications including the Wall Street Journal, USA Today, and Kiplinger’s Personal Finance.
In 2005 PMI received Computerworld’s “Best Practices in Mobile & Wireless” Award for strategic deployment of Mobile and Wireless Technology and the LRN Award for Excellence in Ethics and Compliance Training, and was named one of the best places to work in Bay Area by the San Francisco, East Bay and Silicon Valley/San Jose Business Times. In addition PMI’s CEO Roger Haughton and his wife Judy Haughton were presented with The Danny Foundation Champions of Safety Award for their longtime commitment to helping children and families.
More information is available online at pmigroup.com.
SG CIB provides both ISSUERS and INVESTORS with a GLOBAL, SOLUTION-DRIVEN APPROACH to their debt finance or investment needs based on an INTEGRATED DEBT and TREASURY PLATFORM.
Active for more than a decade and organized on a global basis, the SECURITIZATION team has over 100 professionals providing ARRANGEMENT, STRUCTURING and ADVISORY services in EUROPE (Paris, London, Madrid, Milan and Amsterdam), NORTH AMERICA (New York, Chicago and Montreal), and ASIA-PACIFIC (Sydney). Our London and US-based Syndication and Trading teams provide GLOBAL DISTRIBUTION CAPACITY in the public and private markets.
SG CIB's SECURITIZATION team closed over a HUNDRED transactions worldwide, both PUBLIC and PRIVATE, across a WIDE RANGE OF ASSET TYPES including Residential and Commercial Mortgages, Auto Receivables, Consumer Loans, Corporate Loans, Trade Receivables and CDOs.
SG CIB is a leading underwriter of ABS and MBS in Europe, ranking # 1 for EURO-Denominated securitizations # 1 for EURO-Denominated Synthetic RMBS # 8 for INTERNATIONAL Structured Finance -all currencies #7 for Domestic AUSTRALIAN Securitization in the IFR and Euroweek league tables & SG Research
SG CIB's structuring and distribution expertise was recognized
- by ISR Magazine which awarded the 'EUROPEAN RMBS Deal of the Year 2004' award to CREDIT LOGEMENT for the French Residential Assets 2004-1 & 2004-2 Plc transactions
- by Euromoney which awarded the 'BEST STRUCTURED FINANCE DEAL FOR 2004 in NORTH AMERICA' award to 1ST FINANCIAL Securitization.
- by Euroweek SFI which awarded the 'CONSUMER FINANCE DEAL OF THE YEAR' award to the CARS ALLIANCE FUNDING plc Series 2002-1 issue for RCI Bank, part of the Renault Group. The same transaction was ranked runner-up for 'BEST SECURITISATION of 2002' by Corporate Finance magazine.
In 2004, SG CIB was as named 'MOST IMPROVED DEBT HOUSE' in Western Europe and 'BEST DEBT HOUSE' in France and in Spain.
As well as structuring, arranging and distributing term ABS, SG CIB, ranked SIXTH largest ABCP Program Administrator, is one of the leaders in WW Asset-Backed Commercial Paper Conduit Sponsors in terms of outstanding. SGCIB administers EIGHT multi-seller CONDUIT and Structured Investment Vehicles -SIV- covering the Americas, Europe, Asia and Australia with TOTAL AGGREGATE OUTSTANDING of USD 27bn.
SG CIB provides both ISSUERS and INVESTORS with a GLOBAL, SOLUTION-DRIVEN APPROACH to their debt finance or investment needs based on an INTEGRATED DEBT and TREASURY PLATFORM.
Active for more than a decade and organized on a global basis, the SECURITIZATION team has over 100 professionals providing ARRANGEMENT, STRUCTURING and ADVISORY services in EUROPE (Paris, London, Madrid, Milan and Amsterdam), NORTH AMERICA (New York, Chicago and Montreal), and ASIA-PACIFIC (Sydney). Our London and US-based Syndication and Trading teams provide GLOBAL DISTRIBUTION CAPACITY in the public and private markets.
SG CIB's SECURITIZATION team closed over a HUNDRED transactions worldwide, both PUBLIC and PRIVATE, across a WIDE RANGE OF ASSET TYPES including Residential and Commercial Mortgages, Auto Receivables, Consumer Loans, Corporate Loans, Trade Receivables and CDOs.
SG CIB is a leading underwriter of ABS and MBS in Europe, ranking # 1 for EURO-Denominated securitizations # 1 for EURO-Denominated Synthetic RMBS # 8 for INTERNATIONAL Structured Finance -all currencies #7 for Domestic AUSTRALIAN Securitization in the IFR and Euroweek league tables & SG Research
SG CIB's structuring and distribution expertise was recognized
- by ISR Magazine which awarded the 'EUROPEAN RMBS Deal of the Year 2004' award to CREDIT LOGEMENT for the French Residential Assets 2004-1 & 2004-2 Plc transactions
- by Euromoney which awarded the 'BEST STRUCTURED FINANCE DEAL FOR 2004 in NORTH AMERICA' award to 1ST FINANCIAL Securitization.
- by Euroweek SFI which awarded the 'CONSUMER FINANCE DEAL OF THE YEAR' award to the CARS ALLIANCE FUNDING plc Series 2002-1 issue for RCI Bank, part of the Renault Group. The same transaction was ranked runner-up for 'BEST SECURITISATION of 2002' by Corporate Finance magazine.
In 2004, SG CIB was as named 'MOST IMPROVED DEBT HOUSE' in Western Europe and 'BEST DEBT HOUSE' in France and in Spain.
As well as structuring, arranging and distributing term ABS, SG CIB, ranked SIXTH largest ABCP Program Administrator, is one of the leaders in WW Asset-Backed Commercial Paper Conduit Sponsors in terms of outstanding. SGCIB administers EIGHT multi-seller CONDUIT and Structured Investment Vehicles -SIV- covering the Americas, Europe, Asia and Australia with TOTAL AGGREGATE OUTSTANDING of USD 27bn.
UBS is one of the world's leading financial firms, serving a discerning global client base. As an organization, it combines financial strength with a global culture that embraces change. It is the world's leading provider of wealth management services. In the investment banking and securities businesses, it is among the select bracket of major global houses. UBS is also one of the largest asset managers globally. In Switzerland, it is the clear market leader serving corporate and retail clients. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.
UBS's priority is to provide premium quality services to clients, giving them the best possible choice by supplementing best-in-class solutions developed by the firm with a quality screened selection of products from others.
With head offices in Zurich and Basel, and more than 68,000 employees, UBS operates in over 50 countries and in all major international financial centers. It offers products and services via a variety of different channels - from the traditional retail bank branch to sophisticated, interactive online tools, helping it deliver services more quickly, widely and cost-effectively than ever before.
United Capital Markets, Inc. (UCM) is an institutional bond broker/dealer and market-maker specializing in subordinate and distressed asset-backed securities, collateralized debt obligations and AAA rated Agency and private label collateralized mortgage obligations.
UCM is proud to be an industry leader in this space, investing as principal and maintaining an extensive inventory of product. In asset-backeds, United Capital routinely makes markets in equipment leases, pooled aircraft, franchise, manufactured housing, home equity, credit cards, autos, and many others. UCM buys and sells a wide variety of CDOs, including high yield bond, investment grade, synthetic, ABS-backed and trust-preferreds. On the mortgage side, UCM trades PACs, Sequentials, IOs/POs, Inverses, Inverse IOs and more. To its client base, United Capital strives to be a leading source of market intelligence and portfolio pricing in some of the most difficult to value sectors of the marketplace.
For more information, visit our website at www.unitedcapital.com or contact our Florida headquarters at 305-365-0527. United Capital Markets is registered with the NASD and SIPC.
XL Capital Assurance Inc. (XLCA), rated triple-A by Moody's Investors Service, Standard & Poor's Ratings Services and Fitch Ratings, is a New York-based financial guarantee insurer. We specialize in consumer and commercial asset securitization, structured investment products, future flow securitization, global infrastructure, power & utilities, U.S. public finance, and deposit insurance. XLCA is a subsidiary of XL Capital Ltd which, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products to industrial, commercial and professional service firms, insurance companies and other enterprises worldwide.
Gold Sponsor(s)
Ambac Assurance Corporation is a triple-A-rated global provider of financial guarantees and related risk management products to public and private sector clients.
Ambac's product groups encompass Consumer and Commercial ABS, MBS, Project Finance, Utilities, Emerging Markets, ABCP Conduits, CDOs, Credit Derivatives, Secondary Markets and Public Finance. Ambac also offers Global Derivatives and Investment Agreements.
Ambac has distinguished itself by providing innovative solutions customized to our clients' needs. Our focus is on efficient, effective execution based on an unmatched level of market knowledge and structuring expertise.
Headquartered in New York, Ambac's office locations include London, Sydney and Tokyo.
Amherst Securities Group, L.P. „ Fixed-Income Trading
Amherst Securities Group, L.P. is an NASD Broker-Dealer founded in 1993 as a mortgage specialist in the fixed income market sector. The Amherst team includes recognized professionals in new issue structuring, trading and distribution, serving clients worldwide. The firm maintains offices in Texas, Connecticut, New Jersey, Virginia and Florida.
Amherst makes markets in all ABS and credit sectors, including Autos, Cards, CBO/CDO, Equipment, Home Equity and HELOC, Manufactured Housing, and Residential B/C Credit. As an employee-owned firm, we commit ourselves and our capital with each structure and every trade. Amherst's clients value our creative trade recommendations, innovative propriety analytical systems, and the firm's founding philosophy: providing exceptional service and trade execution to fixed income investors.
For additional information on Amherst Securities Group, L.P., please visit our web site at www.asglp.com.
Calyon is Crédit Agricole's new Corporate and Investment Banking entity that combines Crédit Agricole Indosuez's activities with those of Crédit Lyonnais's Corporate and Investment Banking division.
Backed by Crédit Agricole S.A.'s credit ratings and financial solidity, Calyon is positioned as a major player in financial markets and among Europe's leading corporate and investment banks by revenues.
With a staff of 18,000 employees in more than 60 countries, Calyon is specialized in a broad range of capital market, investment banking and financing activities. Thanks to its network of more than 50 Senior Bankers, with additional local coverage provided by the retail networks of Crédit Lyonnais and Crédit Agricole's Regional Banks, Calyon now offers an enhanced ability to intervene on financial markets worldwide on behalf of its large corporate and financial institution clients, as well as for small and medium-sized businesses in France.
Calyon's portfolio of activities are grouped into two major divisions:
A - Capital Markets and Investment Banking division
• Capital Markets covers all trading activities and the sale of standard and structured capital market products. Its client coverage teams work from 30 trading rooms and rely on five centers of technical competency: cash management, fixed-income products, credit derivatives, equity derivatives, and futures and options brokerage and clearing.
• Equity brokerage activities are carried out by two subsidiaries, Cheuvreux in Europe and CLSA in Asia.
• The Investment Banking business line comprises advisory services to companies and the Equity Capital Markets (ECM) business, which is responsible for equity transactions and the structuring of equity derivatives.
B- The Financing division
It is responsible for asset-based financing, syndication and commercial banking.
• Structured Finance and the credit and high value-added advisory services business lines cover the following areas at the international level: trade, energy, aerospace, shipping, tax leases, project finance and real estate.
• The Syndication business covers the general financing needs of companies (capital investments, refinancing, lines of credit) and acquisition financing in the specialized areas of Project Finance, Structured Finance, LBOs, Real Estate Financing, etc.
• The Finance division also provides an extensive range of Cash Management and Electronic Banking services.
From its historical base in France, Calyon is reasserting its goal of developing rapidly in the pan-European market. Elsewhere in the world, Calyon's strategy calls for targeted developments adapted to local market potential and the needs of local clients.
As the new generation in financial guaranty, CIFG understands how important it is to choose a bond insurance company that knows where you want to go. We provide insurance for investment grade transactions in the public finance, structured finance (consumer assets, commercial assets, and collateralized debt obligations) and project finance markets.
We are a group of Triple-A rated financial guaranty companies capitalized with over $1 billion in claims paying resources. CIFG Assurance North America, CIFG Europe, and CIFG Guaranty are rated Triple-A by Moody’s, Standard & Poor's and Fitch.
We are focused on providing you with:
-A Triple-A alternative to alleviate concerns about risk concentration among existing providers
-A transparent approval process that isn’t mired in bureaucracy
-An exceptional approach to customer service
We believe the best way to conduct business is to show our customers how we conduct business. You can always rely on us to provide you with an unambiguous timeline and stick to it.
For a greater sense of the philosophy that drives every CIFG Group decision, consider our mission: To provide our global clients with consistent, long-term trading value and unparalleled execution through a superior understanding of risk and business needs.
Please visit our website at www.cifg.com for further information.
Global Structured Credit Products (“GSCP”)is part of Citigroup Global Markets and encompasses all the structured credit products, including arbitrage CDOs, synthetic CDOs, standardized tranche products, credit indices, and credit options. The GSCP platform is a fully integrated business complete with structuring, primary distribution, dedicated secondary trading, research and specialist sales. GSCP has personnel in New York, London, Hong Kong and Tokyo and we utilize the unparalleled global distribution reach of Citigroup's sales channels.
Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Additional information may be found at www.Citigroup.com.
Clifford Chance US LLP is a fully integrated law firm with 28 offices worldwide. The firm provides seamless global services to the world's leading financial institutions and businesses. Clifford Chance has over 3,200 legal advisers worldwide.
Nearly one-half of the Fortune 500 call on Clifford Chance for transactional, regulatory and litigation advice. We offer these clients a combination of locally qualified lawyers along with practitioners deeply experienced in international matters in virtually all of the world's key financial centers.
In the US, Clifford Chance has top-ranked transactional capabilities complemented by one of the strongest litigation practices in the country. We offer market-leading practices in financial products, corporate finance, M&A, banking and insolvency, and project finance, as well as comprehensive tax and real estate capability.
Credit Suisse is a leading global financial services organization headquartered in Zurich. It is focused on serving its clients in Investment Banking, Private Banking and Asset Management. Celebrating its 150th anniversary this year, the bank draws on a longstanding tradition of excellence and experience in banking. Credit Suisse is renowned for providing expert advice, holistic solutions and innovative products to a wide range of corporate and institutional clients and high-net-worth individuals globally, as well as retail clients in Switzerland. Credit Suisse Group manages its Winterthur insurance business as a financial investment.
Credit Suisse is active in over 50 countries and employs approximately 40,000 people from more than 100 nationalities. The registered shares (CSGN) of Credit Suisse Group are listed in Switzerland and, in the form of American Depositary Shares (CSR), in New York.
For more information on Credit Suisse please see www.credit-suisse.com
Investment Banking
In its investment banking business, Credit Suisse offers securities products and financial advisory services to corporations, governments, institutional investors and individual clients. Operating in 69 locations across 33 countries, Credit Suisse specializes in innovative solutions using expertise in a full spectrum of products: debt and equity underwriting, sales and trading, alternative capital, mergers and acquisitions, investment research, correspondent and prime brokerage services.
Private Banking
In its private banking business, Credit Suisse provides comprehensive advice and a broad range of investment products and services tailored to the complex needs of high-net-worth individuals globally. Credit Suisse’s structured advisory process encompasses both asset and liability management. Furthermore, Credit Suisse is a leading provider of innovative alternative investments. Wealth management solutions include tax planning; pension planning; life insurance solutions; wealth and inheritance advice, trusts and foundations. Credit Suisse offers multiple booking platforms and global execution capabilities. In Switzerland, Credit Suisse supplies banking products and services to private banking clients as well as business and retail clients.
Asset Management
In its asset management business, Credit Suisse offers products across the full spectrum of investment classes, ranging from equities, fixed income and multiple-asset class products, to alternative investments such as real estate, hedge funds and private equity. Asset Management comprises the bank’s discretionary asset management businesses and manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients from governments, institutions and corporations to private individuals. A globally integrated network creates continuous cross-border information sharing to deliver the bank’s best investment ideas and capabilities to clients around the world.
Dominion Bond Rating Service Limited (DBRS) is a recognized credit rating agency established in 1976 and based in Toronto, Canada. Privately-owned and operated without affiliation to any financial institution, DBRS is respected for its independent, third-party evaluations.
DBRS’s ratings include assessments of corporate debt, government debt, insurance claims-paying ability, and structured finance transactions, spanning North America, Europe and Asia. Structured finance coverage includes traditional assets such as credit cards, autos, and equipment lease transactions, as well as other sectors such as ABCP programs and CDOs.
DBRS has expanded its US coverage, opening a Chicago office, which rates US CMBS transactions, and a New York office, which rates all other types of US structured finance transactions.
Investors and borrowers have come to rely on DBRS ratings as the standard in the Canadian marketplace, based on the consistency, objectivity and unbiased approach taken for each rating. As DBRS continues to expand internationally, DBRS will provide the global capital markets with valuable source of credit market insight. Please visit our Website at www.dbrs.com.
Ernst & Young is one of the largest integrated professional services firms in the world, employing over 103,000 people worldwide. Ernst & Young provides securitization advisory and assurance services to parties involved in the domestic and global structured finance market. We participate in the strategic development and implementation of capital objectives; evaluate the accounting and tax implications of securitization transactions; advise on optimal asset selection, risk assessment and mitigation considerations in the ultimate transaction design; perform audit and tax compliance of securitization vehicles; design and implement portfolio surveillance processes to assist clients with the ongoing monitoring of their portfolios’ performance; and provide cash flow modeling and other essential transaction services at issuance and on an ongoing basis. Ernst & Young is committed to adding value by using our experience and expertise to offer the most effective securitization solutions. In addition to securitization services, we are highly experienced with complex transactions involving derivatives, leasing, mergers and acquisitions, and other capital markets arrangements.
Ernst and Young’s accounting professionals are “on call” 24 hours a day, seven days a week, to offer you the immediacy your transaction demands and the responsiveness you require. We also keep our clients informed about emerging issues as we continuously monitor developments from the FASB, SEC, IASB and IRS as well as other standard-setting and regulatory bodies. Clients receive information on an ongoing basis and can have access to customized client Websites so that vital information is always at their fingertips. To learn more about our securitization services, please contact Steve Campo at (212) 773-7891 / steve.campo@ey.com, or Lisa Filomia-Aktas at 212-773-2833 / lisa.filomia@ey.com. You may also visit our Website at www.ey.com/structuredfinance.
Financial Guaranty Insurance Company (FGIC) provides credit enhancement solutions to a broad range of global issuers in the structured finance market. In today’s capital markets, issuers need and investors demand a financial guarantor with exceptional financial strength. FGIC’s financial position is rated Aaa/AAA/AAA, the highest ratings assigned by Moody’s Investors Service, Standard & Poor’s and Fitch Ratings, respectively.
Our unconditional and irrevocable guaranty of scheduled payment of principal and interest delivers value to all key participants in the structured finance marketplace. Issuers can obtain capital more efficiently, reduce their financing costs and gain enhanced access to the capital markets. Investors obtain increased marketability and liquidity, and continuous surveillance. Investment bankers and other intermediaries can structure and execute transactions more efficiently and effectively.
Our underwriting teams offer extensive credit enhancement expertise and industry knowledge of a broad spectrum of markets. We work in partnership with issuers and investment bankers to develop innovative solutions for their complex transactions. Our professionals are industry leaders in the use of highly sophisticated quantitative analysis tools and techniques. Equally as important, they are committed to providing highly responsive and efficient service to issuers and intermediaries.
In the global structured finance market, FGIC’s unsurpassed financial guaranty is built on a rigorous underwriting process, experienced underwriting teams who work in partnership with customers to develop innovative financing solutions, outstanding legal and risk management support, an industry-leading technology platform, and an enduring commitment to maintaining our financial strength.
For more information, please contact:
Sandra Foist, Managing Director
T: 1 212 312 3072
E: sandra.foist@fgic.com
or
Timothy Travers, Senior Managing Director
T: +44 (0)20 7618 8461
E: timothy.travers@fgic.com
FINANCIAL SECURITY ASSURANCE (FSA) is a leading financial guaranty insurance company. It guarantees timely payment of principal and interest on asset-backed securities, structured financings and municipal and public infrastructure bonds in markets around the world. Its Aaa/AAA/AAA guaranty allows issuers to lower their funding costs and provides bondholders with the highest quality investments.
FSA's claims-paying ability is rated AAA by Fitch Ratings, Aaa by Moody's Invsestors Service Inc., AAA by Standard & Poor's Ratings Services (S&P) and AAA by Rating and Investment Information, Inc. (R&I). It is a member of the Dexia group.
Harris Nesbitt, a member of the Bank of Montreal Group of Companies, manages a rapidly growing securitization business based in Chicago. Established in 1990, the U.S. Securitization Group operates predominantly in the highly structured niche within the asset securitization market segment, catering to middle market companies and specializing is unusual asset types. Across the years the product line has broadened to capitalize on fast-evolving securitization technology. Today the Group enjoys a reputation as creative thinkers and innovators in structuring transactions, and consummate professionals in their field. Since its inception, the USSG has invested over $15 billion in senior and mezzanine ABS transactions with zero losses.
We administer a U.S. dollar asset-backed commercial paper conduit, Fairway Finance Company, LLC (A-1/P-1), holding over $6.5 billion in commercial paper commitments. Additional product offerings include a medium term note conduit, Pooled Investment Notes Capital, LLC (PIN Capital), private and public ABS term financing, and mezzanine ABS financing. With the capability to structure and close transactions under tight client deadlines, combined with our experience and creativity in structuring non-traditional asset types, we can provide a financial solution for you. Begin the process by contacting Jeff Phillips, Executive Managing Director, at (312) 461-7282 or email at jeff.phillips@harrisnesbitt.com. You can also visit our website at
http://www.harrisnesbitt.com/securitization
i-Deal™ is a financial services software company that uses innovative technology to deliver workflow solutions to the global syndicate markets. Our solutions can be used by all participants in the new issue process across the global equity, debt and Municipal markets.
i-Deal’s systems are designed to fully automate the capital-raising process, increasing the efficiency and speed of underwriting securities for broker-dealers, enhancing the dissemination of information to issuers and investors and enabling all participants to consolidate information from multiple sources onto a single platform.
www.i-deal.com
Nomura Group
Nomura Holdings, Inc. is one of the world’s largest financial services firms. Founded in 1925 in Osaka, Japan, Nomura presently does business in more than 30 countries and employs more than 14,000 people worldwide.
Nomura opened its first office in America in 1927 in New York City, becoming the first Japanese financial services firm to establish an overseas office. With a presence in Asia, Europe and the Americas, Nomura is a global firm, with unique access to the Japanese market. In 2001, Nomura listed its ADRs on the New York Stock Exchange, under the symbol “NMR”.
Nomura Holding America, Inc. (NHA) is the U.S. subsidiary of Nomura Holdings, Inc. NHA operates from seven offices in North and South America, including the U.S. broker-dealer, Nomura Securities International, Inc. (NSI). Headquartered in the World Financial Center, NSI is involved in the following businesses: Fixed Income, Equities, Investment Management and Asset Management.
RBC Financial Group
RBC Financial Group is the brand name for Royal Bank of Canada and its subsidiaries, including RBC Capital Markets and RBC Dain Rauscher. Founded in 1864, Royal Bank is Canada’s largest bank as measured by market capitalization and assets, and is the seventh largest of North America’s leading diversified financial services companies. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. Recently named the most respected corporation in Canada for the second consecutive year, the company employs more than 60,000 people who serve more than 12 million personal, business and public sector customers in North America and in some 30 countries around the world. RBC prides itself in its vision: “Always earning the right to be our clients’ first choice.” For more information, please visit www.rbc.com.
Standard & Poor’s Structured Finance Ratings offers globally a range of rating services, which help investors, bankers, issuers and other constituents benchmark the credit quality of securitized assets.
Our coverage includes asset-backed, mortgage-backed, and commercial mortgage-backed securities, in addition to collateralized debt obligations, real estate companies, REITS and homebuilders. We also provide servicer evaluations, assessments of collateral managers and real estate equity managers, tools to track and analyze commercial and residential mortgage risk, as well as deliver through the web, extensive on-going asset performance and collateral information.
Standard & Poor’s unmatched understanding in all structured finance markets, our absolute commitment to quality service and our long-standing reputation for objectivity, openness, integrity, and credibility has made us a forward thinking leader worldwide. For additional information, visit our website at www.standardandpoors.com.
STROOCK & STROOCK & LAVAN LLP
EXPERIENCED
CREATIVE
A LAW FIRM FOR THE STRUCTURED FINANCE INDUSTRY.
Our Firm is one of the pre-eminent law firms in the field of securitization and structured finance, and has been a key participant since the origin of this business in the U.S. financial markets over 20 years ago. Few firms can match the duration and depth of our experience in this field. Our Structured Finance Practice Group includes more than 85 attorneys, based primarily in New York and Washington, D.C., providing clients with the critical mass of resources, expertise and experience necessary for top-tier structured finance legal services. We represent issuers, underwriters and all other types of transaction participants in the United States, throughout Europe and Asia, and in Latin America through our affiliate office in Mexico City. Our domestic and cross-border experience includes: residential mortgage securitization (including HELOCs and reperforming loans); commercial and franchise loan securitization; resecuritizations; CBOs and CLOs; asset-backed securitization (including equipment leases, health care receivables, trade receivables, credit cards and student loans); commercial paper conduits; cross-border project leasing transactions; offshore and international securitizations; asset finance; CDOs; derivatives; synthetic securitizations; and regulatory compliance and loan level diligence. Our commitment is to provide top quality, responsive, creative and courteous service to all of our structured finance clients. Please see our website at www.tpw.com.
U.S. BANK Corporate Trust Services provides exceptional securitization services worldwide. The Structured Finance Group at U.S. Bank Corporate Trust Services has built an impressive record for providing high quality trust and back-up servicing for all types of structured transactions. Our personalized, full array of services includes: trustee, registrar, paying agent, back-up servicer, commercial paper issuing and paying agent, document custodian, Delaware owner trustee, bond administration/calculation agent, tax reporting, and collateralized debt obligations. Investor reporting information is available on our Web site at: usbank.com/corporatetrust. Our administrative expertise includes a wide variety of asset types such as: Auto Loans/Leases, Equipment Leases, Trade Receivables, Credit Cards, Manufactured Housing, Franchise, Recreational Vehicles, Senior Settlements to name a few. Through U.S. Bancorp Portfolio Services we have the complete capability to be an active back-up servicer and have extensive experience in servicing transitions. U.S. Bancorp’s balance sheet reflects $190 billion in assets and is currently ranked as the 6th largest bank holding company in the United States.
To learn more about how you can leverage the experience and financial strength of U.S. Bank, contact: For Trust Services: Ed Kachinski, Senior Vice President, U.S. Bank Corporate Trust Services at 212-361-2548, www.usbank.com/corporatetrust; For Back-up Servicing: Joe Andries, Senior Vice President, U.S. Bancorp Portfolio Services at 800-305-6292, www.usbank.com/portfolioservices
Backed by the resources of the fourth-largest bank holding company based on asset size in the United States, Wachovia Securities is an integrated corporate and investment banking firm that deploys a full range of capital raising, market making and financial advisory services to meet the needs of corporate and institutional clients. Wachovia Securities Fixed Income Division provides corporate credit services, along with interest rate derivatives, non-dollar products, structured products and commercial real estate finance to corporate clients and institutional investors.
Silver Sponsor(s)
ACA Asset Management originates, structures and manages cash and synthetic collateralized debt obligations in a broad range of asset classes. ACA Asset Management currently has in excess of $9 billion of assets under management.
DEWEY BALLANTINE LLP is an international law firm with offices in New York, Washington D.C., Los Angeles, East Palo Alto, Houston, Austin, London, Warsaw, Frankfurt, Milan, Rome and Beijing providing significant experience across a broad range of practice areas. The Structured Finance Group at Dewey Ballantine LLP regularly represents issuers, underwriters and placement agents, credit enhancers, investors, securitization warehouse lenders and borrowers, conduit sponsors, servicers and trustees and other parties in virtually all types of mortgage and asset-backed structured financings and structured product transactions. These transactions involve domestic as well as cross-border securitizations; term transactions as well as commercial paper programs; public and private securities offerings; warehouse facilities; derivatives transactions and single and mixed-collateral type pools.
DZ Bank’s Asset Securitization Group (“ASG”) offers structured asset and receivables financing for a wide variety of clients and asset types. ASG targets market niches and esoteric asset classes often overlooked by larger financial institutions, using its ability to dedicate resources to “one-off” transactions or to companies that need a reliable source of significant receivables financing. Utilizing securitization techniques, ASG enables non-rated companies to enter the capital markets and become eligible for financing based on the quality of a company’s receivable portfolio. Clients are typically below investment grade or non-rated originators of receivables with relatively predictable cash flows (based upon their operating history) and a need for debt financing to promote long-term growth. When contemplating the structure of a transaction, emphasis is placed on the client’s portfolio performance history (i.e. delinquencies, defaults, underwriting criteria etc.), its ability to underwrite and service a portfolio of receivables and the reputation and experience of its senior management. ASG’s main competitive advantage is its ability to provide “one-stop” shopping for clients, engineering unique financing programs that satisfy a company’s capital needs through various forms of execution, including:
• asset-backed commercial paper programs funded through DZ BANK's multi-seller commercial paper conduit, Autobahn Funding Company, LLC;
• term note securitizations, placed through DZ Bank’s broker dealer, DZ Financial Markets.
Clients benefit from ASG members'in-depth knowledge of asset-based lending and capital markets. Additionally, ASG provides extensive post-closing relationship management in order to accommodate a client’s often dynamic business environment. In contrast to most other financial institutions, all aspects of the transaction and customer relationship are managed by one team.
ASG is committed to differentiating itself from other asset-backed finance groups by providing innovative, non-traditional, value-added transactions to its clients. The group’s past successes are largely attributable to its fundamental understanding of credit and rating agency methodology in addition to the expertise in consumer and commercial financing that its members possess. Through a team-orientated approach and an emphasis on communication with its clients, ASG has successfully executed approximately $4.7 billion of transactions since its inception at DZ BANK in April of 1999.
For more information about DZ BANK’s Asset Securitization Group, please contact Richard Wisniewski, Senior Vice President, at (212) 745-1662.
Greenberg Traurig LLP is an international, full-service law firm with approximately 1,350 attorneys and governmental professionals in 29 locations in the United States, Europe and Asia, including strategic alliances with Studio Santa Maria in Milan and Rome, Italy; and Hayabusa Kokusai Law Offices in Tokyo, Japan. Greenberg Traurig is the eighth largest law firm in the United States, as reported in The National Law Journal's listing of the largest U.S. law firms. Attorneys in our Structured Finance and Derivatives Practice Group represent issuers, underwriters, hedge funds, investors, servicers, financial guaranty insurers and trustees in connection with the securitization of a broad range of financial assets and the structuring of complex derivative products.
Our securitization experience includes securitizing single-family and multi-family mortgage loans; commercial mortgage loans; collateralized debt obligations, automobile, equipment and aircraft loans and leases; franchise and student loans; timeshares; structured settlements; tax liens; intellectual property; and credit card and trade receivables in both the United States and in cross-border transactions in Europe, Latin America, and Asia. Our structured finance experience includes a wide variety of financing transactions and structured vehicles including asset-backed commercial paper conduits, tender option bonds, medium-term notes, equity and credit-linked notes and principal protected notes. We are also experienced in devising new and creative derivative structures and strategies for synthetic securitizations, synthetic securities, credit derivatives, equity derivatives, and other highly structured derivatives products.
Greenberg Traurig focuses on new directions and trends in the structured finance markets and helping clients identify new markets and opportunities to achieve their business objectives. We focus on developing new and proprietary structured products and securitization techniques for our clients, and keeping our clients abreast of regulatory, tax, accounting and other new developments that may impact their businesses.
While we have developed complex securitization techniques and new structured derivative products, we are equally adept at routine transactions where efficiency, accessibility and cost are essential. In short, we believe in partnering with our clients to not only provide high quality legal services in a cost-efficient manner, but to actively aid our clients in achieving their strategic objectives.
KPMG LLP’s Structured Finance Group is one of the leading providers of financial, accounting and tax services to the securitization industry. We have helped clients complete a total of over $3 trillion in securitization transactions. Our highly skilled professionals, extensive industry experience and sophisticated technology can assist you in identifying, analyzing and resolving financial, liquidity and regulatory challenges, including managing credit, interest rate, balance sheet and other risks, and preparing for strategic activities including asset acquisition and liquidation, and mergers and acquisitions.
Our professionals, with backgrounds including investment banking, accounting and tax, can present you with a substantial portfolio of structured transaction, tax reporting, bond administration and advisory services. Our approach allows us to provide comprehensive services for each engagement – from assisting with the initial strategic planning and decision making process required of all capital markets transactions, to portfolio identification, preparation and transaction modeling, and continuing through tax reporting over the entire life of a transaction.
With dedicated professional based in Los Angeles and metropolitan Washington, D.C., we are strategically placed to fully access global aspects of the capital markets and are available to assist you whenever and wherever your firm requires.
For more information on KPMG's Structured Finance Group, please contact Patti Cary, Partner, at (703) 747-3018 or pcary@kpmg.com or Scott Carnahan, Partner, at (714) 850-4445 or scarnahan@kpmg.com. KPMG LLP is the audit, tax and advisory firm that has maintained a continuous commitment throughout its history to providing leadership, integrity and quality. The Big Four firm with the strongest growth record over the past decade, KPMG turns knowledge into value for the benefit of its clients, people, communities and the capital markets. Its professionals work together to provide clients access to global support, industry insights, and a multidisciplinary range of services. KPMG LLP (www.us.kpmg.com) is the U.S. member firm of KPMG International. KPMG International’s member firms have nearly 100,000 professionals, including 6,800 partners, in 148 countries.
KUTAK ROCK LLP, a law firm with offices nationwide, was one of the first firms to develop a securitization practice and is a highly active participant in the securitization industry. The firm's securitization lawyers have extensive experience structuring, negotiating and documenting domestic and international asset and mortgage securitization transactions involving numerous types of assets, both traditional and newly emerging, in private and public transactions. The firm has a history of working with issuers, investment bankers and credit enhancers to develop unique and innovative mortgage-and asset-backed financing structures. Firm lawyers combine legal expertise, practical and business experience and a commitment to client values to accomplish the objectives of clients and meet an established standard of excellent service to clients. www.kutakrock.com
McDermott Will & Emery is a leading international law firm with a diversified business practice. We represent a wide range of commercial, industrial and financial enterprises, both publicly and privately held. Our clients include some of the world’s largest corporations and financial institutions, small and medium-sized businesses, and individuals.
Our Structured Finance Group represents a wide range of participants in securitization, CDO and derivatives transactions and has comprehensive experience in all structures and asset-classes found in the market.
Currently numbering over 1000 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Rome, San Diego, Silicon Valley and Washington, D.C.
For further information, please visit our website at www.mwe.com.
MortgageRamp, Inc. is a leading provider of business-process outsourcing and technology solutions for the global real estate finance industry. Whether it’s outsourcing a specific step in the commercial or residential loan process or leveraging the firm’s technology capabilities, MortgageRamp offers clients a complete solution, serving 150 major commercial and residential financial institutions worldwide. Headquartered in Atlanta, Georgia, MortgageRamp maintains a full-time staff of approximately 160 associates with offices in New York City; Washington, D.C.; Newton Square, Pennsylvania; Salt Lake City, Utah; Houston and Dallas, Texas. Visit www.mortgageramp.com to learn more or call 1-888-496-2200.
Orrick has consistently been top-ranked in the representation of issuers and underwriters of public offerings of asset-backed securities. We are a key player in the development of new structures for the asset-securitization market throughout Asia, Europe, and the United States as counsel to issuers, underwriters, credit enhancers, sellers, servicers, and institutional purchasers.
Our lawyers have been lead counsel in more public and private credit card transactions over the past 10 years than any other law firm. We currently represent the two largest issuers of residential mortgage securities in the United States. We are also the market leader in the resecuritization of both municipal and corporate securities.
Our lawyers have been identified by Chambers Global and Chambers US as "major players" in the field. We have also been recognized in the IFLR 1000, the UK Legal 500, Global Counsel 3000, and Euromoney’s Guide to the World’s Leading Structured Finance Lawyers.
The more than 80 Structured Finance attorneys in Orrick’s Structured Finance Group are based in our New York, Washington D.C., San Francisco, Los Angeles, London, Paris, Rome, and Tokyo offices. For more information on Orrick and the Group please visit www.orrick.com.
As the world’s largest professional services firm, PricewaterhouseCoopers (PwC) LLP offices are located in over a hundred countries. Equipped with this global presence, our firm’s mission is to help our clients solve complex industry issues, manage risk, and enhance business performance. In the past year, the PwCs’ and the Structured Finance Group (SFG) have been involved in securitization transactions totaling billions of dollars.
The SFG’s professionals combine a high-level of technical expertise to provide a wide range of securitization services, such as: deal structuring, asset valuation, due diligence, modeling, operational consulting, tax and accounting analysis, tax reporting, and technology development, implementation, and maintenance.
To meet the industry changing demands and expectations, the SFG continuously develops its services and technology applications: CDO AnalysisPro (CAP), Collateral Pre-Processing System (CoPPS), and Asset Securitization AnalysisPro. It’s because of the SFG’s commitment to financial development, innovative marketing, and strategic planning that we continue to meet and exceed our clients’ goals and deliverables.
With our best talents, limitless experience, and immeasurable industry knowledge, PwC and the SFG have positioned themselves as business innovators and as clear-cut leaders in the securitization marketplace.
For information on the SFG’s services or a demonstration of our technology solutions, contact one of the following PwC representatives:
David M. Lukach at 646.471.3150 david.m.lukach@us.pwc.com
Frank Serravalli at 646.471.2669 frank.serravalli@us.pwc.com
Debra Rappoport at 646.471.2876 debra.rappoport@us.pwc.com
Turn to Protiviti for your transaction due diligence and collateral monitoring needs. Our professionals have experience across asset classes, from consumer to commercial, and have worked with many leading financial institutions, so we have “been there/done that”. We do not offer external auditing services, which enables us to perform due diligence and collateral monitoring on any firm in your portfolio. Our product is designed to focus on the key areas driving your structuring decision. We customize our procedures to meet your needs. The procedures performed generally cover dilution, ineligible assets, analysis of asset quality and portfolio trends, and testing the integrity of the information presented. With professionals in more than 35 offices around the globe, Protiviti is the leading firm dedicated exclusively to risk consulting and internal audit. Protiviti’s professionals will introduce you to a new level of knowledge, insight and service.
Our engagement teams maintain frequent communication with your organization to facilitate timely information flow – pre-visit, during fieldwork, and during report wrap-up. To ensure quality of service and deep competency, managers lead our due diligence engagements and are on-site for the entire length of fieldwork, overseeing professionals from our Credit Risk Management practice. A key characteristic of our service is providing a relationship manager as your single point of contact. Your transaction team will have one person to contact for scheduling, defining the scope of work, coordinating fieldwork and reviewing the report. Your relationship manager will know your transaction team and the specific characteristics of your business. We will invest time in getting to know you better so that we can meet and anticipate you needs over time.
In today’s environment of intense competitive pressures, volatile economic conditions, and increasing levels of consumer and commercial debt, an organization’s ability to effectively monitor and manage its credit risk could mean the difference between success and survival. Our dedicated team of professionals can assist your risk management organization in achieving these objectives. Contact one of our leaders today!
Cory Gunderson
Managing Director
cory.gunderson@protiviti.com
(312) 476-6382
Michael Aquino
Director
michael.aquino@protiviti.com
(215) 568-4070
Stephen Daniels
Director
stephen.daniels@protiviti.com
(215) 568-4070
RABOBANK INTERNATIONAL is the corporate and investment banking division of Rabobank Group, the leading Dutch financial institution with assets of EUR 402 billion, which is the only private sector bank in the world to be triple A rated by Standard and Poor's and Moody's. Rabobank International focuses on providing selected industry expertise and strong local knowledge to corporates and financial institutions, through a network of 90 offices operating in more than 30 countries worldwide. Rabobank International is recognised, in particular, for its expertise in the food and agribusiness (F&A) sector, reflecting its roots as one of Europe’s most established co-operative organisations.
Rabobank International offers its clients the full range of corporate and investment banking services embracing global capital markets and treasury, international M&A, structured finance and securitisation. Rabobank International is part of the Rabobank Group which encompasses a complete range of bancassurance services including retail banking, insurance, leasing, factoring, private banking, asset management and venture capital.
Riviere-Jenison Securities(RJS) is an NASD Broker Dealer with offices in New York City, Boston, Austin, Texas, and Santa Monica, California. The 2 principals, Rob Riviere, and Paul Jenison have over 45 Years experience in the Structured Finance and Securities Industry. RJS specializes in Asset-Backed Securitisation, particularly Specialty Mortgage platforms, marine and auto receivables, Commercial Leases, Legal Settlements, Medical Receivables, Contract Monetization, and Private Label Credit Cards. Over the past 10 years,they have combined to do over $30 Billion in ABS Issuance.
SCHULTE ROTH & ZABEL LLP is a law firm based in New York and London, which has been active in the structured finance market for over twenty years. We represent many placement agents, insurers, issuers, and investment managers in collateralized loan obligation, collateralized bond obligation, collateralized debt obligation and collateralized fund obligation offerings. Our active derivatives practice has resulted in our involvement in many structured financings with significant derivatives components, including synthetic CDOs and repackagings. Our transactional attorneys work closely on each project with tax, ERISA and bankruptcy specialists who have expertise in the special issues that arise in structured financings and derivatives. The range of securitizations in which we have represented issuers, underwriters, investors, credit enhancers, trustees, sellers and servicers of assets and liquidity providers includes commercial and residential mortgage loans, manufactured housing receivables, automobile, recreational vehicle and boat receivables, credit card receivables, trade receivables, equipment receivables and leases and healthcare receivables.
Sidley Austin Brown & Wood LLP is one of the of the world’s largest law firms, with over 1,550 lawyers and 14 offices in North America, Europe and Asia. We have one of the world’s premier securitization and structured finance practices, with more than 150 lawyers in our offices in New York, Chicago, Los Angeles, San Francisco, Washington, D.C., London, Tokyo, Hong Kong and Singapore.
From the inception of the securitization industry in the 1970s, our firm has played a leading role in the development of numerous asset classes and transactional structures, beginning with our pioneering work in the creation of mortgage-backed securities. We possess market-leading experience in a broad array of asset types and financing techniques, whether in the U.S., Europe, Asia, South America or Africa. The firm has represented issuers, underwriters, managers and financial guarantors in thousands of asset-backed securitization transactions. The assets securitized have included commercial and residential mortgage loans, credit card receivables (including written-off accounts), consumer loans, auto loans, commercial loans and other debt obligations, franchise loans, trade receivables, future flows, consumer retail installment sales contracts, student loans, structured settlements and utility receivables.
Based on industry statistics, we have participated in more securitization transactions than any other law firm in the world. We continue to be a leader both as manager and issuer counsel in the Asset-backed and Mortgage-backed markets.
For 2004, the firm was ranked by Thomson Financial as number one issuer’s counsel for U.S. debt, equity and equity-related deals with over $255 billion in deal value from 457 offerings representing a market share of 11.3%, and number two as underwriter’s counsel in the same category with nearly $224 billion in deal value from 496 offerings representing a market share of 9.4%.
We are consistently ranked at the top of the Thomson Financial surveys. For 2004, we ranked in the top ten in twenty out of twenty-eight categories in the survey, including:
• #1 Issuer Counsel and #2 Manager Counsel for US Debt, Equity and Equity-Related Securities
• #1 Issuer Counsel for US Straight Debt – Including MBS, ABS
• #1 Issuer Counsel for US Straight Debt – Excluding MBS, ABS
• #1 Issuer Counsel for US Investment Grade Corporate Debt
• #2 Issuer Counsel and #3 Manager Counsel for US Mortgage-backed Securities
• #2 Manager Counsel for U.S. Asset-backed Securities
WMC Mortgage Corp., acquired by GE Consumer Finance in June 2004, is a leading wholesale originator of non-prime residential mortgage loans in the US. WMC originated over $19 billion of new mortgage loans in 2004, and has been listed in the Top 5 in National Mortgage News Wholesale Volume Leaders.
WMC is committed to prudent growth by leveraging key strengths to complement the business model, including: technology driven intiatives, supporting a strong risk discipline, a rigorous compliance culture, excellent financial stability, a deep management team and a willingness to invest for the long term.
Since the end of 2001, ABS securities backed by loans originated by WMC will exceed $30 billion in 2005. According to statistics released by JP Morgan in December 2004, WMC was the 3rd largest single seller conduit issuer in the market. We invite you to learn more about WMC at WMCMortgage.com.
Bronze Sponsor(s)
Founded in 1893, the law firm of Alston & Bird has an extensive full-service, national and international practice with offices in New York, Washington D.C., Atlanta, Charlotte and Research Triangle. The firm has more than 700 attorneys and offers services in virtually every area of commercial law. Our Structured Finance Group has participated in securitization transactions involving of a wide range of asset classes. In addition, they have represented clients in prominent restructurings and workouts of securitization transactions, including acting as counsel to the independent Examiner in the Enron bankruptcy. www.alston.com
Appleby Spurling Hunter is a leading provider of sophisticated, specialised offshore legal services. With more than 430 lawyers and staff, the organisation is uniquely positioned in the key offshore jurisdictions of Bermuda, the Cayman Islands, the British Virgin Islands, and the financial centres of London and Hong Kong.
The organisation, a reflection of the 2004 combination of Bermuda-based Appleby Spurling & Kempe and Cayman Islands-based Hunter & Hunter, has four distinct practice groups: Corporate and Commercial, Litigation and Insolvency, Trusts, and Property. Complementing our legal expertise are corporate administrative, trust and management services, making Appleby Spurling Hunter one of the largest and most respected offshore-based legal and business service providers.
Applied Financial Technology provides prepayment analytics to the nation’s largest broker/dealers, lenders, insurance companies, institutional investors, and hedge funds. Among its clients are five of the nation’s largest U.S. banks. Since 1996, Applied Financial Technology has delivered high-quality risk analytics to the mortgage industry through its highly regarded quantitative methods. AFT offers pre-payment models for fixed, adjustable, prime and sub-prime mortgages and home equity lines as well as asset-backed securities. The company also provides interest rate processes and other valuation and risk management tools for mortgage- and asset-backed securities and collateralized mortgage obligations. The Applied Financial Technology library is integrated with all major analytics providers, including Bloomberg L.P. Learn more about the company by visiting www.aftgo.com.
Arthur Cox is one of Ireland's largest law firms. An international firm, we comprise over 220 lawyers, including 71 partners. We are the only "all-Ireland" law firm, with full-service offices in Dublin and Belfast. The firm also has offices in London and New York. Our practice encompasses all aspects of commercial law, but we are widely regarded as one of Ireland's leading corporate and finance practices. With more than 250 legal staff and a total headcount in excess of 450 we provide a comprehensive service to an international client base ranging from multinational organisations, banks, investment banks and other financial institutions and established global leaders to government agencies and new players in the technology and media sectors. Our reputation is based on proven professional skills, a thorough understanding of client requirements, sound judgment and a practical approach to resolving commercial problems.
At Arthur Cox, our aim is to provide each client with advice that adds value to its business. Our approach demands the highest levels of knowledge, technical skill and service delivery allowing us to provide accurate, reliable, timely and cost-effective advice across a range of industry groups and sectors. A strong teamwork ethic and practical "can do" approach to solving problems ensures a seamless, effective service.
We identify ourselves with our clients' requirements and work with our clients to help them achieve their goals. In operating a policy of direct partner involvement in client matters and a system of regular review we ensure that all clients are provided with a top class service and that all matters are handled in an efficient and cost effective manner.
Our structured finance team is a vastly experienced mix of finance and tax lawyers, many of whom have previously worked at other international law firms where they have advised on a wide variety of structured finance transactions. We specialise in all types of capital markets transactions, including cash and synthetic CDOs, securitisations of all asset classes, covered bonds, repackagings and derivative and fund linked structures. Arthur Cox Listing Services (headed by Helen Berrill, formerly head of Specialist Debt Listings at the Irish Stock Exchange) offers a full range of listing services on the Irish Stock Exchange. We believe that the experience that our lawyers have gained from transactions documented under English, New York and Irish law gives us a significant advantage in providing a knowledgeable and responsive service to our clients.
For further information, please contact Glenn Butt, Cormac Kissane, Conor Hurley, Caroline Devlin or Helen Berrill on +353 1 618 0000 or at firstname.lastname@arthurcox.com.
Since 1949, Baker & McKenzie has provided sophisticated advice and legal services to many of the world's most dynamic and successful organizations. Helping clients understand and thrive in diverse legal, political, social and economic systems made us one of the world's largest law firms - and the first to be truly 'global'.
We are a network of more than 3,100 locally qualified, internationally experienced lawyers and 5,200 other professionals and staff in 68 offices in 38 countries. We have the knowledge, experience and resources to deliver the broad scope of quality legal services clients require to respond to both international and local needs.
Ours is a diverse culture with a global mindset. We are citizens of over 60 countries, admitted to practice in nearly 250 jurisdictions, and speak more than 70 languages.
Baker & McKenzie’s Securitization and Structured Finance Practice Group advises clients on all aspects of asset-backed securities, commercial mortgage-backed securities, collateralized debt obligations and commercial paper conduit transactions. We have extensive experience in innovative structures in every asset class, including intellectual property, timeshare receivables, mortgages, naming rights, trade receivables, aircraft, telecommunication and other types of equipment leases, automobile loans, franchise loans and tobacco settlements. Our attorneys have also structured, documented, and closed many unique and unprecedented private and public transactions (including innovative music royalty securitizations) for a wide array of issuers, major investment banking firms, investment companies and advisors, commercial banks, finance companies and insurance companies.
Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a “partner” means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an “office” means an office of any such law firm.
The Bank of New York provides comprehensive corporate trust services for structured transactions. We offer traditional trust services as well as bond analytics, investor reporting, asset servicing, and tax services. As a result, we serve as a single source for our clients’ securitization needs.
We deliver our flexible services through specialized business groups dedicated to asset-backed securities, mortgage-backed securities, CDO’s, SIV's and global structured products. Our product specialists administer a wide range of traditional and innovative structures.
Our rated, third-party asset servicing subsidiary, BNY Asset Solutions LLC, offers comprehensive primary, master, special, and back-up servicing for the commercial marketplace and tailor their services to meet their clients specific business needs.
The Bank of New York is a leading, committed global corporate trust provider, serving approximately 90,000 issues representing more than $2.75 trillion outstanding through offices in the U.S., Europe, and Asia.
BB&T Capital Markets is a full-service investment bank headquartered in Richmond, Virginia, operating as a wholly-owned subsidiary of BB&T Corporation (NYSE: BBT). Headquartered in Winston-Salem, N.C., BB&T Corporation is the nation's 9th largest bank holding company with assets in excess of $100 billion and operates approximately 1,500 banking offices throughout the southeastern United States. BB&T is rated A-1/P-1 and A1(pos)/A(stable). BB&T and its subsidiaries offer full-service commercial and retail banking and additional financial and investment banking services such as fixed income and equity sales and trading, research, investments, retail brokerage, corporate finance, insurance, international banking, leasing and trust as well as mergers and acquisitions.
BB&T's Structured Finance Group provides warehouse and term securitization services to both issuers and investors focusing on esoteric and off-the-run asset classes in both the private and public markets.
The Bohan Group, Inc. was founded in 1995 to provide analytic services and due diligence to the issuer and investor community. Utilizing BRAIN®, a proprietary software for stratifying and analyzing pools, reviews provide real-time reporting to clients where turn-around time is critical. The Bohan Group, Inc. reviews a variety of asset types including agency, jumbo, alt-a and sub-prime mortgages, auto, HEL, HELOC, SBA, RV, equipment leases, commercial real estate, and non-performing products. Other services include software sales, quality control reviews, tape cracking, pool brokering, and loan sale advisory services. Headquartered in San Francisco, California, additional offices are in Irvine, California and New York, New York.
Brown Rudnick Berlack Israels LLP is an international law firm, with offices in New York, Boston, London, Dublin, Washington, DC, Providence and Hartford. The firm’s Structured Finance Group has built a reputation as an innovator in structured finance, pursuing a strategy focused on developing structured finance solutions for new issuers and for new asset classes. The firm has developed a unique capacity to provide structuring, due diligence, communication and transaction management services, in addition to traditional legal services. In addition to serving as issuer’s counsel and underwriter’s counsel, the firm has used these added capabilities to perform a new advisory role in complex securitization transactions. In this role the firm has, working closely with underwriters and other counsel, been able to develop innovative structured finance programs and contribute to smooth and efficient execution of securitization transactions. A recent application of this capacity is the firm’s role in conceiving and structuring the program which has enabled outside legal counsel for various states of the United States in the tobacco litigation against the tobacco industry, which culminated in the landmark settlement in 1998, to monetize their legal fees which are payable by the settling tobacco companies over a period of years. The first of a series of transactions under this program, Litigation Settlement Monetized Fee Trust I™ Pass Through Certificates, Series 2001-1, which was closed in February of 2001, was recognized as the U.S. Asset-Backed Securities Deal of the Year by the International Securitisation Report. To date, over $600 million of securities have been issued involving this asset class, and other transactions are contemplated. In the early 1990s, the firm developed the first national credit tenant lease finance program involving big-box retailers and developed the first CTL-only conduit. The firm is currently working on securitization programs involving wind power assets, patent and copyright royalties, and life settlement proceeds. In addition, the firm is working on new programs to employ CTL technology to finance real estate portfolio acquisitions in the UK and Europe and to finance acquisition of §1031 exchange properties in the U.S.
With more than 500 attorneys serving clients from offices in New York, London, Charlotte, Washington and Beijing, Cadwalader, Wickersham & Taft LLP is an elite global finance law firm that focuses on the sophisticated transactional, litigation and regulatory needs of the world’s leading financial institutions.
We also are an internationally recognized leader in capital markets, having played a critical role in billions of dollars of transactions and pioneered the legal architecture for projects that have set standards worldwide. We represent participants in virtually every sector of the markets, including issuers, underwriters, investors, investment and commercial banks, insurance companies, and credit enhancers and servicers. Regardless of their role, our clients depend on our premier service, cost-effective approach and record of creativity as well as our broad capabilities -- from commercial and residential mortgage-backed and asset-backed securitizations to fixed-income and equity capital markets, from structured finance, synthetic and hybrid products to derivatives. Supporting our capital markets team are attorneys well-qualified to advise clients concerning the issues that arise in the course of such transactions, including tax, securities and commodities regulation, bank regulation, insolvency, and investment company and pension plan regulation.
In addition, Cadwalader is superbly positioned to offer legal services to internationally-based clients conducting transactions all over the world, providing clients the distinctive advantages of a presence in major financial and governmental centres and, owing to our credibility and connections, opening doors for clients to myriad opportunities, wherever they may be found.
Based on the number and dollar amount of deals we have handled, Cadwalader has consistently ranked as one of the top securitization law firms in the nation. Among our many honors and achievements, we have been named "Best Law Firm for North America" by International Securitisation Report twice in the last three years; ranked first as issuer counsel and first as underwriter counsel for 2004 issuances of commercial mortgage backed securities by Commercial Mortgage Alert; repeatedly noted by The American Lawyer in its Annual Corporate Scorecard as a leader in asset-backed securities, mortgage-backed securities, and investment grade debt; cited by Chambers and Partners as the "Rolls Royce" of mortgage-backed work; and worked on numerous transactions named "Deal of the Year" by International Securitisation Report and International Financing Review.
CAPITAL PRINTING SYSTEMS, with offices in New York and London offers a full range of financial publishing and communications services and is a market leader in the asset securitization community, particularly in ABS, CMBS and MBS transaction documents. Our clients are a “who’s who” in asset securitization deal-making. Through innovations in both technology and personalized customer service, we have helped issuers, investment banks and law firms by setting new standards in compiling and printing the most complex books in the securitization marketplace—many comprised of hundreds of pages of text and charts, tab inserts, high resolution graphics, gatefold loan tables and multimedia CDs. We executed the largest SEC filing in history in helping one investment bank take their deal to market. Fully integrated with the Internet workspace, we offer a variety of practical, efficient e-business tools that allow our clients to focus on deal-making rather than be distracted by logistics and techno-hassles. Our unique pricing structure helps our clients to control costs.
Designed by collateral managers for collateral managers, CDO Sentry is a comprehensive software solution that facilitates the management and monitoring of all types of CDOs, including Synthetic, ABS, Investment Grade, Loan and High Yield. Atlantic Information Services developed CDO Sentry by combining years of investment management experience with software development expertise.
CDO Sentry integrates compliance, waterfall, trading, reporting and accounting into a single product. Easily compute the impact of trades on compliance and equity IRR. Analyze changing market conditions with flexible default and interest rate scenarios. Facilitate day-to-day management and reconciliation with powerful portfolio accounting tools.
CDO Sentry is the complete solution for managing your CDOs.
CENTRIX™ Portfolio Management Program (PMP)
CENTRIX Financial introduced the Portfolio Management Program (PMP) in 1998, and revolutionized the concept of risk-based lending with an innovative business model that securitizes special auto finance (SAF) portfolios one loan at a time, transferring the majority of risk from the financial institution to an A-rated insurance company. But the appeal of the PMP goes beyond protecting financial institutions against principal loss. Institutions can rely on CENTRIX’s comprehensive approach to loan management and customer service. CENTRIX manages the process from start to finish, from underwriting and processing to servicing, collections and remarketing. As a result, financial institutions can realize performance in SAF lending comparable to what is found in prime portfolios.
SAF Market Opportunity
SAF is a $260 billion market – up from $139.5 billion in 1994 – with tremendous potential for growth. In today’s market SAF loans account for more than 36 percent of all auto loans, up from 25.8 percent in 1994 according to CNW Market Research.
PMP Benefits
PMP Default Protection™ insurance: Security and the peace of mind
PMP Default Protection™ insurance insures each loan upfront, rather than as a pool, transferring risk to Everest National Insurance Company, a $15 billion dollar company. Additionally, a blanket Vendor Single Interest (VSI) insurance policy covers each loan, protecting against skip, confiscation and uninsured physical damage.
Predictable Returns: Portfolio with five complete years of historical data to back it up
The CENTRIX™ PMP produces an average return that ranges between 7.6% and 8.4% and stabilizes at approximately 8% during the maturity phase of the portfolio.
PMP Liquidity Control ProcessSM (LCP): Flexibility of controlling liquidity
CENTRIX’s proprietary PMP LCP allows financial institutions to manage cash flow and control capital allocation to their PMP portfolio. Through the buying and selling of PMP Auto Loan Participations (ALPs), PMP Loan Participations have achieved a combined net return of 7% over the life of the portfolio.
Compliance: State and Federal regulations
The CENTRIX compliance department monitors state and federal regulations to keep the PMP fully compliant. Financial institutions get the added benefit of extensive, ongoing due diligence training that covers every aspect of the PMP. Financial Institutions also get the convenience of 24/7 online support at the due diligence/compliance section of the CENTRIXfinancial.com website.
To learn more about CENTRIX Financial and the PMP contact our Sales and Business Development Team at 1-877-500-4646 or pmp@centrixfinancial.com
Citibank® Agency and Trust is a leading provider of Corporate Trust services for securitizations, including Trustee, Bond Analytics, Registrar and Paying Agency capabilities. Citibank Agency and Trust has serviced the asset-backed and mortgage-backed securities markets since 1987. We have extensive experience with a full range of asset types, and currently act as trustee for asset-backed and mortgage-backed issues with a combined outstanding balance of over $100 billion. Clients rely on our depth of industry experience for excellent execution and market expertise, as well as our highly regarded web site for Investor Reporting (www.sf.citidirect.com). Citibank Agency and Trust also offers a full range of agency, fiduciary and depository services in both established and emerging markets. We manage approximately 3,000 appointments globally for more than 2,500 major corporations, governments and other entities having a variety of debt and equity services. Our portfolio covering all debt product offerings is approximately $3.2 trillion in outstanding debt. Learn more at our Web site, www.agencyandtrust.citibank.com. Citibank Agency and Trust is an integral business within Citigroup's Global Transaction Services division, which in turn is part of the Corporate and Investment Bank. Citigroup Global Transaction Services provides innovative banking solutions to financial institutions, corporate clients, and public sector utilities around the world. Its dedicated and experienced financial services professionals draw upon Citigroup's unsurpassed resources and capabilities to develop the best solution for each client.
Introducing simplicity into the complex world of securitization and structured finance, CSC Securitization ServicesSM provides secure access into your data, superior control over your information, and flexible reports for data analytics. Founded in 1899, Corporation Service Company® (CSC) combines uncomplicated technology with award-winning customer service. Whether you are involved with securitization, structured finance, project finance, mergers and acquisitions, or real estate transactions, CSC Securitization Services is the partner you can trust to help you confidently manage your business. For more information, call Richard Taiano, Managing Director, CSC Securitization Services, at 212-299-5650 or e-mail at rtaiano@cscinfo.com.
COUNTRYWIDE CAPITAL MARKETS, INC. (CCM), a mortgage related investment-banking firm focuses on all aspects mortgage centric financial activities. Countrywide Securities Corporation (CSC), Countrywide Servicing Exchange (CSE), and Countrywide Commercial Real Estate Finance (CREF) operate under the Countrywide Capital Markets umbrella. Products and services encompass sales and trading of real estate and related securities and whole loans, including HELOCs, sub-prime mortgages, franchise loans, commercial mortgages, U.S. Treasuries and agency debt. An integral part of these activities also involves the valuation and trading of servicing portfolios; mergers and acquisition strategy and the provision of enhanced research that focuses on specific loan level attributes. As part of this strategic positioning, we also originate and trade a variety of funding alternatives, such as CDs and MTNs. Our association with the nation's largest independent mortgage banker, Countrywide Home Loans, provides us access to proprietary data which presents the unique position of evaluating drivers of value by merging issues in the origination of loans with trends and developments in securitized markets.
A $13 billion dollar company headquartered in El Segundo, Calif., CSC is a leader in third-party loan servicing with 25 years of proven experience in delivering effective, cost-efficient solutions to the Financial Services industry. One of the industry’s largest servicers, CSC has been managing securitized and non-securitized loan portfolios since 1990. Each client's lending program is unique and CSC creates the servicing program around that uniqueness. All of CSC's loan servicing products are available as a package that meets your company’s specific requirements -ASP (systems only) to a complete solution for the entire lending process (BPO). CSC also offers related solutions for; Back-up servicing, Insurance tracking, warranty/service contract processing and debt protection/suspension programs. Founded in 1959, CSC has more than 90,000 employees worldwide who provide consulting, systems integration, IT and business process outsourcing and software to the world’s largest corporations.
Dechert LLP's securitization team is experienced in a wide range of securitization transactions, including public offerings and private placements of mortgage-backed and asset-backed securities. Dechert lawyers represent major issuers and underwriters as well as asset originators, conduits, servicers, purchasers, major rating agencies, trustees, and monoline insurance companies in securitization transactions involving a broad range of assets, including commercial and residential mortgages, 12b-1 mutual fund fees, automobile loans and leases, CLOs, CBOs, CDOs, consumer loan contracts, trade receivables, equipment leases, credit card and insurance premium receivables, health care receivables, and intellectual property rights.
Dechert ranks among the leading global law firms, with more than 700 lawyers offering a full range of legal services to clients in the financial services industry. The securitization team is part of the firm's Finance and Real Estate Group, consisting of more than 130 lawyers and other professionals skilled in virtually every aspect of capital markets finance, including CMBS, ABS, CDO/CLO and other structured transactions. For more information, contact Malcolm Dorris at 212.698.3519 or malcolm.dorris@dechert.com.
DEERFIELD CAPITAL MANAGEMENT LLC is a Chicago-based fixed-income manager with approximately $9 billion in assets under management. The Company serves institutional investors with fixed-income based strategies in the form of structured products, hedge fund vehicles and separate accounts. Currently, the Company manages assets in the following key fixed-income strategies: asset-backed securities, global government bond arbitrage, bank loans, investment-grade corporate bonds and Return Profile Management, which is a disciplined process of managing duration to achieve positive absolute returns in all market environments. For more information on all these strategies please visit our website at http://www.deerfieldcapital.com.
Derivative Solutions is a leading provider of analytics and portfolio management software to financial institutions trading and investing in the bond market. By combining the best Analytics, Data Coverage and Technology available anywhere, Derivative Solutions delivers fast, easy-to-use, market-proven solutions to the fixed income industry. Since 1991, Derivative Solutions products have provided all the tools necessary for the proper valuation and risk management of all fixed income securities including CMOs, ABS, CMBS, CDOs, MBS, ARMs, Hybrid ARMs, Treasuries, Agencies, Corporates, Municipals, FX and Derivatives (including Swaps, Swaptions, Caps, Floors and Credit Default Swaps). Everyday, hundreds of traders, analysts, portfolio managers, strategists, developers, and risk managers at more than 100 leading Wall Street & Regional Dealers, Banks, Insurance Companies, Mortgage Companies, Investment Managers, Hedge Funds, Bond Insurers, Credit Unions and Rating Agencies use the Derivative Solutions suite of products for Bond Trading, Portfolio Management, Risk Management, CDO Management, Hedging, Performance Attribution, and VaR.
Stop by our booth to learn more about our Fixed Income and ABS analytical solutions.
Contact us: sales@dersol.com, NY: 212.768.3678, Chicago: 312.739.9393.
Visit our website at www.dersol.com
Descap Securities Inc. is a specialized broker-dealer and boutique investment banking firm committed to providing value added services within specific niches of the fixed income marketplace. It is one of four operating subsidiaries of the First Albany Companies. Descap specializes in the primary issuance and secondary trading of fixed income securities. The other three operating subsidiaries include, First Albany Capital Inc., FA Asset Management Inc., and FA Technology Ventures.
Descap’s Sales and Trading Team is staffed with fixed income professionals specializing in mortgage backed, commercial mortgage backed, asset-backed securities and collateralized debt obligations with an emphasis on the less-liquid and more esoteric sectors of the fixed income market. Our team deals with the leading insurance companies, money mangers, pension funds and hedge funds that participate in these sectors. Our longstanding, trust-oriented relationships drive the success of our team. These relationships are supported not only by the market intelligence we posses in our products, but additionally through the many value added services that we believe benefit our clients and set our services apart from those offered by larger financial institutions.
Trust & Securities Services (TSS) at Deutsche Bank is one of the largest providers of trust, agency and administrative services to the capital markets globally, with a history in the business dating back to 1903. TSS has earned a reputation for handling the most complex and innovative securitizations in the US and international markets, and operates "at arms length" from all investment banking and lending businesses in the Deutsche Bank group. This expertise has been recognized in International Securitisation Report’s annual awards where Deutsche Bank was voted Trustee of the Year in 2005, the fourth consecutive year it has won an ISR award.
In addition to traditional trustee, registrar and agency services, Deutsche Bank offers a broad range of enhanced services to the securitization market including SPV management, web based investor reporting, interactive web based CDO reporting, and ABCP conduit administration. Through specialist Structured Finance offices in the US, UK, Germany, Italy, Portugal and Japan the business services ABS, MBS, CMBS, ABCP, CDO and SIV transactions globally.
With a worldwide team of dedicated experts, leading-edge technology, a track record of consistent product innovation, an award winning client service platform, and one of the highest credit ratings of any corporate trust provider, Deutsche Bank offers its clients the most professional securitization services in the market.
The TSS business at Deutsche Bank also offers a wide range of services on other types of debt and equity transactions and provides domestic securities custody in 25 markets worldwide.
Doremus Financial Printing an Omnicom Group, Inc company (NYSE:OMC) headquartered in New York City is one of the nations premier document management specialist, whose primary line of business is the creation and management of financial documents for the transaction and compliance sectors Doremus prides itself on its ability to evaluate their clients’ needs and adjust its internal systems to streamline the production process and enhance the overall client experience. Doremus partners with law firms and investment banks to ensure that all documents are delivered on time, delivered within budget and most importantly, that they exceed the client’s expectations. Clients range in size from emerging growth companies to the Fortune 500.
Evergreen Specialty Finance Lender Services, LLC (“ESFLS”) is an affiliated Company to Evergreen Collateral Consulting, LLC (“ECC”). ESFLS is focused on providing examination services in the specialty finance area. Our team’s experience in the specialty finance area include: energy and utility, lease finance receivables, commercial loan portfolios, operating assets (rail, container, truck, vessel, etc.), healthcare finance, securitized assets, auto loans (floor-plan and buy here/pay here), consumer and mortgage debt, entertainment, sports finance, retail finance, and time share operations.
At ESFLS we perform collateral, compliance and systems examinations as part of a sponsor’s due diligence or ongoing collateral monitoring. ESFLS’s team of experienced specialists reach beyond the agreed upon procedures and get behind the collateral and/or financial performance. Our experience allows us to understand all the areas of risk and trends, and provide such information to the underwriting team and investors. Our examination reports explain changes in trends and provide an opinion for reserves to mitigate the risks identified during our examination process.
Our firm takes a personal approach with each client. During the examination process, ESFLS communicates areas of concern and findings to both the lender and borrower, which enables us to resolve problem areas during field time and minimize follow-up time. ESFLS is focused on delivering high quality reports and insightful analysis in a timely fashion.
Ford Motor Company, a global automotive industry leader based in Dearborn, Michigan, manufactures and distributes automobiles in 200 markets across six continents. With more than 327,000 employees worldwide, the company’s core and affiliated automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive-related services include Ford Credit and Hertz. Ford Motor Company celebrated its 100th anniversary June 16, 2003.
FORTIS is an integrated financial services provider active in the fields of insurance, banking and investment. Fortis has a global workforce of 52,000 and a market capitalization of EUR 24.9 billion. Its strong market position in the Benelux forms a solid basis for the bank to grow further in Europe, where it is among the top 20 financial institutions. Outside its home market, Fortis concentrates on selected market segments, such as private banking, asset management and financial markets, and for certain client groups, such as large companies, institutional clients, banks and intermediaries in the financial market.
The Fortis Bank organisation is centred around 3 businesses which are integrated in the Fortis structure: Merchant Banking, Retail Banking, Commercial & Private Banking.
The Merchant Banking business provides institutional customers, large companies and banks with services involving Global Financial Markets, Corporate & Institutional Banking, Specialised Finance, Private Equity & Structured Finance, Securities and Fund Solutions. Fortis Merchant Banking is ranked as top merchant bank in the Benelux .
Structured Credit Products are a strategic Merchant Banking activity. We provide a comprehensive range of products, using both the term and ABCP markets for execution and leveraging Fortis Bank's capital and liquidity resources. The unit offers to facilitate smooth and tailor-made and large public transactions to its for its issuing and investing clients and can provide all administrative, management and agency functions for structured vehicles. We are active in both: - the classical securitization market (RMBS, consumer, transportation, CLO.) - the CDO business (Cash/Synthetic/Correlation).
Fortis Bank's Structured Credit Product practice consists of professionals located in Amsterdam, Brussels, Luxembourg, New York and Paris. Fortis Bank has built a strong placing capacity for all ABS types. Its sales force based in 6 European countries, the US and Asia is supported by a dedicated ABS research team.
Moreover, Fortis Bank is a large investor in the international ABS market, on-balance sheet and via its sponsored ABCP vehicle Scaldis Capital Limited. Scaldis was set up in 1999, is now the second largest European conduit and the largest ECP issuer, has already securitised assets worth in excess of 21 billion dollars and has the highest short-term rating from the three main rating agencies.
GLOBAL SECURITIZATION SERVICES LLC, through its offices located in the U.S. and the U.K., specializes in the administration and ownership of special purpose vehicles ("SPVs") related to asset securitization and structured finance transactions. In conjunction with these roles, Global provides SPVs with equity capital, independent officers and directors, as well as commercial paper administration, accounting, treasury management and corporate services. Our staff is experienced in issuance and compliance procedures and has established excellent relationships with placement agents, depositary institutions and the rating agencies. Serving corporations, banks, and investment banks globally, the combination of resources and commitment to clients' goals makes Global the ideal partner when addressing third party SPV services.
Heller Ehrman provides innovative legal services to clients throughout the world. With more than 720 lawyers, we offer the full range of litigation, business and intellectual property capabilities needed to succeed in today's competitive marketplace. Our firm's structured finance practice is coordinated through an experienced interdisciplinary team of attorneys focusing on securitization of a variety of asset classes, particularly in the securitization of residential and commercial mortgages. We have experience in all types of asset securitization and disposition, including consumer and trade receivables, asset -backed commercial paper, corporate loans, intellectual property, service agreements, and royalties. We rank 8th among Thomson Financial's Top Issuer's Counsel for asset-backed securities, and -- over the last two years -- we've handled transactions valued at billions of dollars.
Headquartered in London, HSBC Group is one of the largest banking and financial services organizations in the world. The HSBC Group\'s international network comprises more than 9,800 offices in 77 countries and territories, operating in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
Corporate-Investment Banking & Markets offers fixed income underwriting, trading and research services to issuers and investors world-wide through a network of 50 dealing rooms in 43 countries and territories. The Asset Backed Securities and Structured Bonds Group is a fully integrated team offering advisory, structuring and placement expertise to a variety of financial institution, corporate, structured bond, whole business, project finance, CMBS, CDO and ABS clients globally. HSBC Group’s global reach and unique organisational structure enable it to offer clients customised solutions to achieve their financing goals.
HSBC Securities (USA) Inc. is a primary dealer in U.S. Treasury securities. It has a well-established presence in U.S. Agency debt programs, offers primary and secondary markets, corporate bonds, mortgage bonds and asset-backed securities, has a U.S. Futures operation with global clearing capabilities and through its equity division provides access to international equity securities.
Issued by HSBC Securities (USA) Inc.
HUNTON & WILLIAMS LLP has more than 850 attorneys in 17 offices serving clients in over 100 countries around the world. As one of the nation's leading asset securitization law firms, we represent some of the most significant private and government participants in the mortgage- and asset-backed securities capital markets. The American Lawyer 2005 Corporate Scorecard lists Hunton & Williams LLP among the top-ten law firms for asset-backed securities. We have experienced securitization lawyers in the firm's Richmond, Charlotte, New York, Washington and Miami offices, and represent issuers, underwriters, trustees, master servicers, securities insurance companies and other participants in transactions involving a wide variety of assets. With extensive experience in all aspects of asset securitization, Hunton & Williams LLP provides its clients with sound advice and comprehensive service.
Intex Solutions, Inc. is a well-known provider of structured fixed income deal models and analytical solutions. Intex models and maintains an industry-leading database of over 15,000 ABS, CDO, CMBS and CMO deals. Deals are individually modeled based on the amortization and loss waterfall rules in the original deal documents. Deals are then updated in a timely manner each month using available trustee and servicer information. Hundreds of leading investment banks, broker dealers, issuers and investors rely on Intex for trading, portfolio management and risk management applications.
Intex provides the following specialized applications for cashflow stress testing, price/yield generation, collateral performance analysis and deal structuring under user-defined prepayment/default scenarios:
-INTEXnet: Web-based deal/portfolio analytics
-INTEXdesktop: Client-resident deal/portfolio analytics
-INTEX Subroutines: Cash flow generation engine and API for system builders
-INTEX DealMaker: Deal structuring tool for the primary market
In addition to these Intex-developed applications, over 25 leading third-party vendors have integrated Intex cashflow functionality into their more generalized applications. To learn more, visit Intex on the web at www.intex.com, or write: Intex Solutions, Inc., 110 A Street, Needham, MA 02494. (781) 449-6222.
Investors Bank is focused exclusively on the securities processing business. We administer $1.5 trillion in assets for some of the most prestigious clients in the investment management industry. Our services include:
• Full Service CDO Trustee
• Global & Domestic Custody
• Multicurrency Fund Accounting
• Fund Administration
• Transfer Agency
• Trade Operations Management
• Back and Middle Office Outsourcing
• Investment Advisor Custody Services
• Master Trust Accounting
• Securities Lending
• Foreign Exchange
• Cash Management
• Transition Management
• Trustee Services
• Performance Measurement
• Strategic Consulting & Product Development
For more information, please call 617-937-6226 in North America or 353-1-475-2211 in Europe.
www.ibtco.com
Kennedy Covington is a full-service law firm based in Charlotte, North Carolina serving clients in a wide variety of industries, including financial services, brokerage and securities, real estate, technology and manufacturing. Our firm’s structured finance practice group has represented a variety of participants in asset-backed securitization, mortgage-backed securitization, collateralized debt-obligation and asset-backed commercial paper transactions. At Kennedy Covington, we give more than a legal opinion, we give a business perspective.
KIRKLAND & ELLIS - It's Square-ly the right move to work with Kirkland & Ellis on your ABS deals. You pick the position, and we have X-act or O-fficial answer to your question. Whether it's Autos, Credit Cards, Timeshare, SEC, Bankruptcy or any of many other categories, we'll TIC-kle your fancy, TAC-kle your problems and TOE the line for you! Here's a quick chance to play: The question for the center square is, "What counsel I should I hire for my next ABS deal?" The star has answered,"Kirkland & Ellis LLP," and that is True. For more great opportunities, call Ken Morrison at (312)861-2347.
Latham & Watkins is a leader in corporate finance, capital markets transactions, mergers and acquisitions, and complex business litigation. With over 1,500 lawyers practicing in 21 offices, Latham is one of the few law firms capable of working seamlessly across geographic and practice boundaries to deliver top quality representation worldwide.
LeaseDimensions is a true third-party loan and lease servicing company. We provide Servicing, IT Outsourcing and Technology Consulting to companies in the equipment, vehicle and commerical asset finance industries. We are retained to service loan and lease portfolios by clients ranging from Fortune 500 companies to emerging growth organizations. Our services encompass both commercial and consumer customers and include a wide array of equipment, vehicle and specialty assets.
Our break-through strategy has been to leverage our unique blend of lending, transaction processing and technical expertise to create customized, value-added enterprise solutions.
This leveraged approach is specifically designed to maximize a client's portfolio investment. Since its inception, LeaseDimensions has provided lease and loan services for over 100,000 lease and loan contracts representing several billion dollars in asset value.
LeBoeuf, Lamb, Greene & MacRae LLP is one of the world’s largest law firms with
more than 600 lawyers practicing in 11 U.S. offices and in nine cities overseas.
Founded in 1929, LeBoeuf Lamb is known for its preeminence in providing legal
services to the finance, energy and utilities, and insurance industries. Our
experience in these fields has in turn brought us to leading positions in corporate
and financial services, structured finance, bankruptcy, environmental, international,
tax and litigation practice areas.
LeBoeuf Lamb has represented issuers, underwriters and credit enhancers in
hundreds of asset-backed securities transactions. Our structured finance practice
has been rapidly expanding, and now encompasses a broad range of financial
products and asset types. In the past five years alone, we have advised clients on
more than $87 billion in securitization transactions. Many of these transactions have
involved groundbreaking applications of securitization techniques to new asset
classes.
Many LeBoeuf Lamb attorneys hold advanced degrees in the sciences, engineering,
economics or accounting; others have served in senior positions in government
regulatory agencies or Fortune 500 companies. This breadth of experience enables
LeBoeuf Lamb attorneys to understand and evaluate opportunities in many
emerging industries and markets.
The Firm’s multinational network of offices serves local interests and ensures a
cost-effective and coordinated strategy in matters involving multiple jurisdictions.
Our overseas offices are strategically located, enhancing clients’ access to and ease
of doing business in major international markets.
Whether confronting complex legal issues, linguistic and cultural barriers, or
budgetary and time limitations, LeBoeuf Lamb attorneys aim to produce results with
consistently high quality and economy of resources. We believe these attributes,
combined with the Firm’s considerable network of contacts, the accessibility of our
senior partners and the depth of our experience across many industry sectors, make
LeBoeuf Lamb a valuable resource and legal advisor.
Lewtan Technologies, Inc © is the leading provider of information and technology solutions to the global asset securitization industry. More than 400 institutions rely on Lewtan Technologies' solutions. In 1986, Lewtan entered the nascent asset-backed securities (ABS) marketplace with the first automated investor reporting system for ABS issuers. Today, this system helps manage billions in securitizations in major asset classes. In 1999, working with industry leaders, Lewtan launched ABSNet. ABSNet (www.ABSNet.net) is now the world's leading resource for ABS intelligence and surveillance. In the same year it was launched, Lewtan began to leverage the ABSNet technology by offering “Powered by ABSNet” web site hosting solutions to market participants. Organizations such as Trustees, Conduit Sponsors and Issuers require the ability to aggregate data and make it available to deal participants (including investors) in a convenient, easy to use way. Today’s increased need for deal transparency has made this an even greater focus. Lewtan has met the challenge by offering web solutions designed to improve transparency, expand investor bases, control the dissemination of data and gain new insights into asset performance. Rounding out Lewtan's product offerings is iCDO. Developed in partnership with Deutsche Bank Corporate Trust in 2001, iCDO is the only full-service, Web-based transaction management system for issuers of collateralized debt obligations (CDO's). Lewtan’s combination of products has earned the International Securitization Report’s (ISR) 2003 Best Technology Provider award.
LoanPerformance, a division of First American Real Estate Solutions and a member of The First American Corporation family of companies (NYSE: FAF), is a leader in residential mortgage performance data and provides credit risk decision support tools for mortgage originators, servicers, securities issuers and investors. LoanPerformance’s industry-standard mortgage servicing and securities databases track the delinquency and prepayment performance of 46 million active individual mortgage payments per month and provide loan-level information on more than $950 billion in non-agency mortgage and asset-backed securities. LoanPerformance’s proprietary databases and suite of predictive prepayment and risk modeling solutions enable clients to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. More information about LoanPerformance can be found at www.loanperformance.com.
First American Real Estate Solutions (RES), a member of The First American Corporation family of companies, is the nation’s largest provider of advanced property and ownership information, analytics and services. First American RES’ database covers more than 2,400 counties representing 97 percent of the nation’s real estate transactions. With more than 600,000 users nationwide, First American RES products are used by companies to improve customer acquisition and retention, detect and prevent fraud, improve mortgage transaction cycle time and cost efficiency, measure the value of residential and commercial properties, identify real estate trends and neighborhood characteristics, track market performance, and increase market share. More information about First American RES can be found on the Internet at www.firstamres.com.
The First American Corporation (NYSE: FAF) is a Fortune 500 company that traces its history to 1889. As the nation’s largest data provider, the company supplies businesses and consumers with information resources in connection with the major economic events of people’s lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.72 billion in 2004, First American has 31,000 employees in approximately 2,000 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.
Long Beach Mortgage Company (LBMC), a wholly-owned subsidiary of Washington Mutual, Inc., is a specialty finance company engaged in the business of originating, purchasing, selling and, through its affiliate WMBFA, servicing mortgage loans secured by one- to four-family residences to non-prime borrowers. LBMC has one of the industry’s most tenured executive management teams, with an average of more than 20 years of experience.
Lord Securities Corporation is a financial services and securitization administration company formed in 1984. The firm has served the securitization and structured finance market since 1971, beginning with its previous administration as part of a leading Wall Street investment bank. Lord provides transaction sponsors and their financial and legal advisors with seamless, multi-jurisdictional service through its worldwide network and by way of its experienced personnel. Professional staff at Lord includes certified public accountants, MBAs, in-house paralegal expertise and others with extensive experience in securitization and structured finance. Lord provides domestic and off-shore special purpose entities with equity capital, independent directors and officers, as well as full-service, third party special purpose entity administration, ownership, transaction management, accounting, commercial paper issuance and treasury services. Lord currently services over 1,000 special purpose entities with client financing capabilities in excess of $250 billion.
Mesirow Financial is a diversified financial services firm with distinct practices in Investment Management, Investment Services, Insurance Services, Investment Banking and Real Estate. Since 1937, the firm has been a leader in serving the financial needs of individuals, businesses, investing institutions, public sector entities and broker-dealers. Mesirow Financial is headquartered in Chicago and employs more than 900 people in offices throughout the United States. We are privately owned by 200 proud employees. Shareholders' equity climbed to a record $114 million in fiscal 2004.
The Manufactured Housing Institute (MHI) is a nonprofit national trade association representing all segments of the manufactured and modular housing industries, including manufacturers; retailers; developers; community owners and managers; suppliers; insurers and financial service providers.
From its headquarters just outside Washington, DC, MHI works to promote fair laws and regulations, increase and improve financing options, provide technical analysis and research, promote industry professionalism, remove zoning barriers and educate external audiences about the benefits of manufactured and modular housing. Through these various programs and activities, MHI seeks to promote the use of manufactured and modular housing to consumers, developers, lenders, community operators, insurers, the media and public officials so that more Americans will be able to realize their dream of homeownership.
Mission Capital Advisors, LLC is a boutique investment bank specializing in the structuring and sale of performing, sub-performing and non-performing loan portfolios, agency securitization / quality assurance and in arranging commercial real estate real estate debt and equity financing. Mission adds significant value to complex loan / asset sales and syndications through its comprehensive process, access to alternative sources of capital and innovative structuring capability. Since its inception in April, 2002, Mission has exclusively advised a variety of financial institutions on more than $8 billion of transactions.
Mourant du Feu & Jeune, The Lawyer's Offshore Law Firm of the Year 2004, is a commercial law firm specialising in international finance and commercial law for clients with offshore law requirements. We offer Jersey and Cayman legal advice from offices in Jersey, the Cayman Islands and London. Founded in 1947, Mourant du Feu & Jeune is one of the most highly respected offshore practices with lawyers of the highest calibre and an enviable client list. Mourant du Feu & Jeune's Capital Markets team is renowned for its expertise and experience. It advises leading investment banks, corporates and intermediaries in relation to capital markets and structured finance transactions, including.
* preference share structures
* debt issuances
* securitisations and CDOs and CBOs
* repackagings
* issuing convertible exchangeable bonds
* Tier One capital structures
* IPOs
* CP programmes
* the establishment of limited partnerships
* transactions involving derivative contracts
* reduction of capital schemes (court sanctioned or otherwise)
* the establishment of companies with unlimited shares
* insurance transformers
* off-balance sheet structures
Key recent transactions include:
* Epic(Caspar)plc: a £520,000,000 securitisation of a commercial property portfolio utilising an innovative unit trust structure. The project involved the provision by Mourant of Jersey legal advice to Henderson Global Investors, The Royal Bank of Scotland plc and BNP Paribas, UK and Jersey administration services
* Gold Bullion Securities Limited: a £1 billion issue of securities for the World Gold Council and Investor Resources Limited , each security carrying a beneficial entitlement to gold.
* Breeze One: the first European wind farm securitisation. We provided legal advice to HypoVereinsbank
* Aria CDO I: Aria collateralised debt obligation (CDO) arranged by JP Morgan with Axa Investment Managers as asset manager.
* Broadgate Financing plc: March 2005, advising British Land on a £2 billion securitisation of rental streams relating to the Broadgate estate.
* The Mall Funding plc: April 2005, advising Morley a £1 billion securitisation of the rental streams relating to various UK commercial properties.
* PICTS plc: October 2004, advising HBOS on a securitisation of the rental streams relating to the HBOS head office in central London.
For further information, please contact Patrick Schmid (patrick.schmid@mourant.com, T +1345 525 5345) or Stacey Overholt (stacey.overholt@mourant.com, T +44 (0)20 7073 7868 for Cayman advice. For Jersey advice, please contact Jonathan Rigby (jonathan.rigby@mourant.com, T +44 (0)20 7073 7861) or Ben Robins (ben.robins@mourant.com, T +44 (0)1534 609 475).
M&T BANK is your choice for comprehensive Corporate Trust services. Headquartered in Buffalo, we have regional offices throughout the Mid-Atlantic Region. We’re large enough to offer you the wide range of services and experience that you need, yet we remain customer-focused, delivering highly personalized service. We currently serve as trustee on numerous SEC-registered and Rule 144A consumer and commercial asset-backed securitizations, corporate debt issues, MTN issues, conduits, and commercial paper programs. Through our Delaware bank we serve as Delaware Statutory Trustee for asset-backed securitizations, receivable sales, leverage lease financings, equipment trusts, enhanced equipment trusts and CMO’s and REMIC’s. Whether you need a trustee, paying agent, escrow agent, custodian, issuing agent or any combination of these services, we are a partner you can trust, always committed to Understanding What’s Important.
For more Information contact:
David L. Williams
Vice President
New Business Sales (410) 244-4874
dlwilliams2@mandtbank.com
Ronald J. Kruppa
Vice President
New Business Sales
(410) 244-4594
rkruppa@mandtbank.com
Robert D. Brown
Vice President
Administration
(410) 244-4238
rdbrown@mandtbank.com
Joseph Baker
Vice President
New Business Sales
302-255-4967
jbaker@mandtbank.com
Ocwen Financial Corporation is a diversified financial services holding company with headquarters in West Palm Beach, Florida and operations in Canada, Germany, India, Japan and Taiwan. Ocwen Financial Corporation is engaged in a variety of businesses related to residential and commercial mortgage servicing, real estate asset management, asset recovery, global outsourcing and the marketing and sales of technology solutions to third parties. Ocwen Financial Corporation is a global leader in customer service excellence as a result of our company-wide commitment to quality, integrity and accountability.
Paul, Weiss, Rifkind, Wharton & Garrison LLP is a world-class law firm whose influence spans the globe and whose lawyers have left their imprint on the landscape of modern jurisprudence. Few firms can match the breadth and depth of skill provided by their leading corporate and litigation practices. The firm is equally recognized for its capabilities in the areas of bankruptcy and corporate reorganization, employee benefits and executive compensation, intellectual property, personal representation, real estate and tax law. Our lawyers serve as counsel to many of the largest publicly and privately held corporations and financial institutions in the U.S. and throughout the world. The firm also serves numerous entrepreneurs and start-up companies, and over the years has nurtured many through their growth into industry players. The firm receives particular accolades for its work on behalf of clients in the financial services, communications, technology, media and entertainment fields.
PORTFOLIO FINANCIAL SERVICING COMPANY (PFSC) is the largest independent commercial lease and loan servicing company in the U.S. Since 1992, PFSC has been the industry leader in providing primary, backup/successor servicing, and consulting for leasing and loan portfolios. PFSC currently services over $10 billion in assets. PFSC provides a standard of customized full service portfolio management, from credit to end of contract disposition and financial reporting unequaled by any other industry servicer.
PFSC has experienced and dedicated employees who provide a scope of services, depth, flexibility and value-added capability far exceeding other portfolio management and servicing companies.
PFSC’s systems and processes are “state of the art” and are supported by daily full system back-up and a comprehensive disaster recovery plan, including diesel generators and contracts with Sungard for back-up servicing facilities.
PFSC is certified as a Master Servicer and is approved and accepted by the major rating agencies, credit insurers and the lending community. PFSC is subject to many detailed and extensive audits and due diligence reviews every year. These audits and reviews are performed by highly respected groups including Ambac, MBIA, Moodys, Lehman Brothers, Fitch, Bank of America, Radian, JP Morgan Chase, Key Global Finance, Bank One Trust, Price Waterhouse, Bank of New York, Deutsche Bank, Citibank, RMS McGladrey, PNC Trust, WH Blair, CDC, West LB, Wachovia Bank, DZ Bank In addition, PFSC has many lender reviews with agreed upon procedures every year.
The diversity of the portfolios serviced by PFSC are vast and over the past twelve years almost every major lender, credit enhancement group, underwriter, rating agency, all the major audit firms and a number of independent audit firms have visited PFSC to review, evaluate and perform due diligence. This process has allowed PFSC to be approved and endorsed as a Master Servicer by the industry.
PFSC allows our client's to customize which services they would like PFSC to manage and, as a private label servicer, we become an integral part of our client's business. We integrate our best-practice methods with our client's internal processes to build a complete solution.
PFSC also provides a full range of system and processing services for the total administration of asset-based finance contracts. These services comprise a complete back office environment for the management of equipment and vehicle leases and loans. PFSC provides transaction processing services for managing contracts, from booking through termination and residual realization.
Principia provides a comprehensive solution for the management and operations of structured finance operating companies as well as hybrid companies and structures.
Our framework offers a unified platform that can flexibly meet the requirements of managing a variety of businesses such as ABCP conduits, securities arbitrage conduits, structured investment vehicles (SIVs), credit derivatives vehicles and guaranteed investment contracts (GIC) issuers as well the other structured finance hybrid businesses.
Radian Asset Assurance Inc. provides financial guaranty insurance and reinsurance to the holders of debt obligations and asset-backed securities. Rated Aa3 by Moody's Investors Service and AA by Standard & Poor's and Fitch Ratings, Radian plays a unique role in extending the benefits of credit enhancement to an important, under-served segment of the municipal and structured finance markets. With offices in London, New York and Philadelphia, Radian is established as a significant and lasting business partner serving the global financial markets.
For more than two decades, Shearman & Sterling LLP has been a leading law firm in US and international securitisation transactions. Shearman & Sterling represents arrangers, sponsors, originators, underwriters, lenders, investors, sureties, trustees, derivatives dealers and asset managers in designing and documenting innovative securitisation structures.
The firm has expertise in all methods of Euro, US and global distribution of asset-backed securities, including Rule 144A and Regulation S offerings, private placements, registered offerings, syndicated loans and conduit financings.
Our lawyers have worked closely with all of the major rating agencies and enjoy a high level of trust and credibility with the key decision makers. Our strong reputation with the rating agencies is important in facilitating innovative solutions to difficult structured finance issues and in promoting new and novel products.
All 19 offices of the firm are electronically linked, and our network can be extended to clients to facilitate real-time communication. This permits us to work round the clock when the transaction time constraints or the location of participants require this effort.
The firm has been involved in the securitisation of most types of assets, across many jurisdictions.
Specialty Asset Advisors, Inc., (“SAA”) based in Palm Beach Gardens Fl, is the only consulting firm of its kind in the U.S. that provides advice and counseling in all aspects of the secondary market for structured settlements. SAA provides legal, operational, financing and brokering services to a myriad of clients including originators, servicers, lenders, financial institutions, investors and insurance companies. Andrew S. Hillman, Esquire, Managing Director/CEO was a pioneer in this industry, having been a key participant in the development and growth of the industry from its inception.
SAA also consults with entities involved in other cash flow businesses such as senior settlements, lotteries and other types of esoteric cash flow assets. Flexibility, thorough knowledge of cash flow assets in general and a broad expertise in the legal aspects of structuring cash flow originations set SAA apart from other firms in this arena.
Kindly contact Andrew Hillman at 561-514-6440 or ahillman@specialtyassetadvisors.com for additional information.
Who is Vintage Filings LLC?
• We’re the fourth most active S.E.C. Filer
• The fastest growing EDGAR filer in the U.S.
• S.E.C. Filing Agent
• We’re Prompt. We’re Precise. We’re Economical
With the constant changing requirements in SEC filing regulations for public companies, Vintage Filings, LLC, works in partnership with our clients to file their documents in an accurate and expeditious fashion.
As a registered SEC EDGAR Filing Agent, we provide full service EDGAR filings in a prompt manner enabling public companies and their attorneys to stay focused on their core business.
Vintage Filings, LLC provides EDGAR filing solutions for public companies, investment management firms, mutual funds, law firms and individuals that need to file periodically with the SEC in the required EDGAR format.
Why have 1,000+ Public Companies and Mutual Funds switched to Vintage Filings over the last 3 years?
• Dedicated Account Management 24/7
• No weekend and overnight charges
• Quick turnaround time
• All EDGAR specialists have minimum 5 years experience
• Focused competitive pricing
• Full print & typeset services for IPO’s Prospectus filings, Proxy Statements, Annual Reports and much more.
Walkers is one of the Cayman Island's largest and most innovative law firms. Our lawyers’ experience, expertise and dedication to providing clients with the most responsive, efficient, expert legal advice available, allows Walkers not simply to meet, but to exceed its clients’ expectations.
With a total staff of over 250 in the Cayman Islands, British Virgin Islands, Hong Kong and London, Walkers has an international reputation for quality and responsiveness. We focus principally on corporate and international finance law with an emphasis on capital markets and structured finance, investment funds and asset finance.
Walkers also has the largest commercial litigation department in the Cayman Islands and an experienced private client and trust department as well as specialist banking, e-commerce, corporate recovery and insolvency, insurance and regulatory groups.
Wall Street Analytics is a worldwide leader providing a suite of sophisticated software products and services to the structured finance markets.
The company provides products, services and support to more than 100 clients around the world including leading asset management firms, investment banks, trustees, and institutional investors. Its CDOnet, CDOcalc, Structured Finance Workstation, Bond Administration Workstation and Portfolio Management Workstation products are widely recognized for their unique abilities to support detailed analysis of the most sophisticated structured debt products including, collateralized debt obligations (CDOs), mortgage-backed securities (MBS) and asset-backed securities (ABS). Founded in 1987, the company serves the markets from its three main locations in New York, San Francisco and London.
For more information, interested parties can visit the company’s website at www.wsainc.com
WaMu Capital Corp., with offices in Seattle, New York, Chicago and Southern California, is a rapidly growing broker dealer committed to serving the needs of institutional mortgage originators and investors across the country. Through our affiliation with the Washington Mutual companies, WaMu Capital Corp. has access to one of the nation’s largest inventories of mortgage collateral and mortgage-backed securities. Through this affiliation, institutional mortgage investors have the ability to work with one of the nation’s leading residential lenders.
At WaMu Capital Corp. we create and trade a vast array of mortgage product customized to the needs of our investing partners. WaMu Capital Corp. – visit us at the 2005 ABS East Conference and see how we can help deliver significant value relating to your investment decisions.
Weiser LLP is among our nation’s oldest and most prominent accounting and consulting firms. For nearly a century, Weiser has met the accounting, auditing, tax, management information, and financial advisory needs of high net worth individuals and the owners and managers of closely held businesses. Today, our firm ranks as one of the top 20 accounting and consulting firms in the country.
With offices in New York City, Long Island, Westchester, and Edison, New Jersey, Weiser has created an organization that yields strong client relations and excellent services. Further, our commitment to service extends beyond the financial report or tax return. We actively seek to help our clients achieve their business goals.
Our partners and professional staff set Weiser apart. We develop innovative solutions to the complex business needs of our clients. Clearly, we are committed to helping our clients succeed.
Over the years, Weiser had developed a special synergy of experience, expertise, and foresight among its professionals who work closely with the financial and investment communities. Our structured finance capabilities cover all stages of the transaction cycle. From inception to completion, Weiser works with specialty finance, leasing companies, issuers, underwriters, lenders, financial guarantors, trustees, investors, and attorneys on every step of the process to ensure an effective and efficient transaction.
Advisory and Pre-transaction Services
• Management and financial reporting
• Review of policies and procedures manuals
• Review of systems and controls
• Operational and credit analysis
• Tax planning and optimization strategies
• Accounting and auditing
• Portfolio review
• Agreed-upon procedures reports
Transaction Services
• Agreed-upon procedures
• Due diligence
• Asset data stratification
• Collateral file reviews
• Portfolio re-underwriting
• Compliance testing
• Cash flow modeling
Post-transaction Services
• Compliance review
• Payment date verification
• Investor reporting
• Surveillance services
• Operational reviews
• Financial statement audits
• Compliance and advisory
Troubles Situation Services
• Forensic Accounting
• Fraud examinations
• Business record reconstruction
• Expert witness
• Damage and claim quantifications
• Collateral analysis
• Liquidation analysis
• Reconciliation projects
• Turnaround and restructuring services
• Bankruptcy services
Ongoing Client Services
• Audit and accounting
• Tax compliance and advisory
• Operations review
• Business strategy
• Issuer planning and preparation
• Mergers and acquisitions
• Forecasts and projections
• Valuations
• Structuring and funding alternatives
• High net-worth individual and estate planning
For over one hundred years, Wilmington Trust, one of the leading financial and wealth management organizations in the United States, has served the fiduciary and financial needs of businesses around the globe. Wilmington Trust is an expert in trustee and special purpose (SP) services for structured finance transactions worldwide and provides specialized and customized services for over 12,000 capital markets transactions through our own office locations and through our affiliates in California, Delaware, Nevada, New York, London, Dublin, Milan, the Channel Islands, and the Cayman Islands. With a thirty-year track record in the Corporate Client Services industry and a client base spanning fifty countries on six continents, Wilmington Trust has earned an international reputation as one of the world's leading providers of trust services for securitizations in every asset class.
For more information please contact Don MacKelcan, Senior Vice President and Division Manager, at 302.636.6071 or Pat Evans, Assistant Vice President at 302.636.6104 or visit us at www.wilmingtontrust.com.
Lead Media Partner(s)
Euroweek is the only newspaper written specifically for the international capital markets. It delivers hard news on the deals, the people and the driving forces behind the world\'s toughest markets. Essential reading for all those involved in international finance. To see for yourself go to www.euroweek.com.
Structured Finance International is the must read publication for anyone involved in the securitisation market. The magazine combines hard hitting, well-researched and authoritative features with the depth of practical and reliable information and analysis that is simply unavailable anywhere else.
Media Partner(s)
absreports.com is the only comprehensive online service to focus exclusively on the European ABS, MBS and CDO market.
We aim to publish all the latest European deal data, collateral performance reports, securities pricing, news and research on one centralised website.
Simple functionality provides subscribers with access to our entire archive of deal information and documentation needed in today’s hectic markets to rapidly reach the right conclusion about deal performance and market opportunity.
absreports.com saves clients time searching for hard to get data and provides the means to identify emerging deal and asset class trends early.
absreports.com is the knowledge resource of choice for everyone involved with the European ABS market.
The premier guide to the asset and mortgage-backed securitization industry, Asset Securitization Report provides comprehensive, in-depth analysis and unique perspective on the emerging securitization markets. Asset Securitization Report features inclusive coverage of the national and international securitization markets as well as a full account of the mortgage-backed securities market. The publication is the leading source of knowledge for market trends, regulations, and developments that affect the entire industry. For further information please visit us on our website at www.asreport.com.
SPOT FRESH OPPORTUNITIES IN SECURITIZATION
Every week, Asset-Backed Alert steers subscribers to money-making deals in the global market for securitized consumer loans, home mortgages and corporate receivables. The newsletter also guarantees your edge in the growing CDO market. See for yourself by signing up for a three-issue FREE trial subscription to Asset-Backed Alert. To start your free trial, call 201-659-1700 or visit www.ABAlert.com.
BondWeek (BW) focuses specifically on the taxable fixed income and credit markets. Each weekly issue of BondWeek includes breaking news and analysis of asset- and mortgage-backed securities, investment grade and high yield corporates, agency and government bonds. Regular features include investment strategies, emerging trends, interest rate analysis and forecasts, economic regulatory developments and new technology – and how they will affect the U.S. and overseas bond markets. For a free trial subscription please call 212.224.3096 or visit our website at www.bondweek.com.
SPOT NEW OPPORTUNITIES IN REAL ESTATE FINANCE Every week, Commercial Mortgage Alert delivers hard-to-get, money-making leads to professionals in the global CMBS and REIT-debt markets. Start your FREE trial subscription to see how Commercial Mortgage Alert: * Tips you off to the latest developments in the booming CMBS market. * Covers conduits and other lenders battling for mortgage business. * Identifies REITs preparing to tap the market for unsecured bonds. To start your free-trial subscription, call 201-659-1700 or visit www.CMAlert.com.
Creditflux provides unrivalled news and analysis of the global market for credit derivatives, CDOs and synthetic credit. A subscription-only print and web publication, with quarterly inside guides, and annual who's who and gadgets guides, Creditflux covers new market entrants, product innovations, trading volumes and strategies, people, documentation and regulatory changes.
DERIVATIVES WEEK Derivatives Week focuses on all aspects of the global derivatives markets, with reporters in New York, London and Hong Kong. Its goal is to provide subscribers with timely information on what competitors, clients and regulators are doing with derivatives. Topics covered by Derivative Week include interest rate, equity commodity and foreign exchange derivatives, strategies and trades, swaps, hedging, managed futures, exotic options, risk management and people moves. For a Free Trial Subscription, Visit us at www.derivativesweek.com or call Customers Services U.S.: 212-224-3800 8AM-6PM/U.K. London: 44 (0) 207-779-8972/Hong Kong: 852-2842-6950.
DOW JONES HIGH YIELD WEEKLY chronicles issuers of high yield debt and major events in the junk bond market, including going-concern doubts, covenant violations, swaps, buybacks, credit facility changes and asset dispositions. You will learn about uniqe investment opportunities and dire situations about to transpire, staying a step ahead of the competition.
Insightful columns on the junk bond market and high yield convertibles show you the big picture, while data tables provide the specific information you need to prepare for the week ahead.
VISIT WWW.DJNEWSLETTERS.COM, OR CALL 800-223-2274 select prompt 2 TO REQUEST YOUR FREE TRIAL SUBSCRIPTION TODAY!
Euromoney magazine\'s monthly in-depth analysis of global capital markets, benchmark polls and awards, and unrivalled access to key figures in the industry make it an invaluable resource for financial decision makers.
To sample the benefits of Euromoney for free, call Mishal Karia on +44 (0)207 779 8032, email mkaria@euromoneyplc.com (quoting code IMN) or visit www.euromoney.com.
Euromoney's new Structured Credit Products Handbook unites an editorial board of globally acclaimed practitioners and senior capital markets professionals with the aim of illustrating how the market in credit is being radically transformed. A directory of over 1,500 individual contacts in the field of structured finance serves as an effective 'who's who' guide. Pick up your complimentary copy at the conference!
FREE SAMPLE ISSUE FOR CAPITAL MARKETS PROFESSIONALS Only Global Investment Technology offers decision-makers a sharply focused business perspective on the evolving securities and investment marketplace. Plus a wealth of up-to-the-minute information on software and electronic services to help you stay ahead, whether your focus is the US market or overseas. Ensure your place in the 21st century. Call or fax us for a free sample issue today. Tel: (212) 370-3700. Fax: (212) 370-4606.
Globe White Page Ltd, in association with Deutsche Bank, publishes the annual guide Global Securitisation and Structured Finance. This book is one in a range of high-quality, innovative products for the world\'s legal and business professionals. For more information, contact Tim Dempsey at tdempsey@globewhitepage.com.
www.gtnews.com is the number one global information resource for senior finance and treasury professionals. Updated weekly, gtnews provides informed commentary, news and analysis from hundreds of key players throughout the sector. Topics covered include banking, risk, payments, technology, cash management, working capital, outsourcing, capital markets, online trading, careers and systems. gtnews also features news, surveys, job listings, directories, guides, ratings, Q&A forums & events diaries. gtnews is FREE to read so register today at www.gtnews.com
Thomson Financial (www.thomson.com/financial) is a US$1.5 billion provider of e-information and integrated work solutions to the worldwide financial communities. Through the widest range of products and services in the industry, including Thomson One Analytics, Vestek/Quantec and Datastream, TF helps clients in over 70 countries make better decisions, be more productive and achieve superior results. For more information, please contact Anthony Mervin on (612) 9225 3199 or email: anthony.mervin@tfn.com.
Inside MBS & ABS - If you’re involved in issuing, underwriting, investing, research, rating or trading MBS (mortgage-backed securities) and ABS (asset-backed securities), this publication is for you. Since 1985 Inside MBS & ABS has been the secondary mortgage market’s premier source of news and data on the agency MBS, CMO/REMIC, and private-label MBS markets. For a free trial subscription call us at (301) 951-1240, or visit our website at www.imfpubs.com.
International Securitization & Structured Finance Report is a twice monthy newsletter devoted to reporting and analyzing asset-backed securitization transactions and structured finance in international markets. Covers innovative product trends, issuer considerations, regulatory matters, and tax and accounting considerations. Examines what is working in emerging markets and spotlights unique global transactions. For more information or to order your free three issue trial contact us at margot@wtexec.com; Tel: (978) 287-0301;
Fax: (978) 287-0302; or visit our web site: http://www.wtexec.com/secur.html
Published by Institutional Investor, Inc., The Journal of Fixed Income is written specifically for readers who want technical, sophisticated information on Mortgage-backed securities, High-yield bonds, futures, Swaps, Options, Municipal and global bonds, Asset-backed securities, Fixed income mutual funds, and more. It is filled with penetrating analysis from leading financial practitioners, and academics. To get a RISK-FREE TRIAL copy of JFI, call Customer Service at (212) 224-3066; email us at info@iijournals.com, or visit us at www.iijfi.com.
Securitization News is the one publication that covers the entire global structured finance and securitization markets. Each weekly issue provides the latest news on deals, trends, innovative financing techniques, investment strategies, regulation and other critical issues. Sign up for 4 FREE issues today and find out for yourself how Securitization News will help you increase your business. Call 212-224-3457 or visit our website at www.securitizationnews.com.
SNL Financial is the recognized authority for timely, accurate, comprehensive, and relevant information on the banking, specialized financial services, real estate, insurance, and energy industries. Through its database services, electronic and online newsletters, data publications, and custom research, SNL provides leading industry professionals, executives, and investors with key financial, market, corporate, and M&A data alongside breaking news and analysis.
The Journal of Structured Finance offers insightful, comprehensive research and commentary on all aspects of structured and project finance for the practitioner, by the practitioner. Ranging from regulatory, financial and legal aspects of project finance deals, to environmental and political issues, JSF zeroes in on a particular sector or deal to show what works in this increasingly sophisticated area. For more information go to www.iijsf.com or call 1-800-437-9997.
The only publication that focuses on the US credit markets.
US Credit aims to advance debate within the credit and credit derivatives markets in an effort to promote best practice, highlight inefficiencies, encourage transparency and expose attempts to undermine value for credit investors. It is already established as an essential business tool for professionals requiring authoritative news on the North American corporate debt and credit derivative markets. For a FREE trial and more information visit: www.creditmag.com.
vFinance, Inc. is a financial services company that provides personalized investment banking and brokerage services to 10,000+ clients. vfinance.com is the #1 destination for companies seeking capital, as well as institutional and high net-worth investors seeking dynamic high-growth companies. The site hosts 1M+ Investors and CEOs from 50+ countries annually.
vFinance, Inc. World Headquarters
3010 North Military Trail
Suite 300
Boca Raton, FL 33431
800.266-8023
561.981.1000
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Our company has been in business for 25 years, although we weren’t always known as Ameriquest Mortgage Company. We were founded in 1979 as Long Beach Savings and Loan. During the late \'80s, we began shifting our focus away from banking and toward wholesale and retail mortgage lending. We had such great success that, in 1994, we became a mortgage company and left the savings and loan business behind. In 1997, we changed our name to Ameriquest Mortgage Company. In 2001, we opened Argent Mortgage Company. At Ameriquest Mortgage Company, we’re in the business of helping people. Over the years, we’ve built and refined a solid business strategy, all while maintaining our commitment to doing the right thing for our customers, our associates, and the communities we serve. Built on a foundation of high standards and integrity, we continue to evolve and look for new ways to provide value to the mortgage consumer. At Argent Mortgage Company, we provide the most competitive mortgage loans in the industry. We are devoted to providing the best programs, pricing and service to the broker community. With an optimistic outlook, and a constant quest for improvement we provide stellar customer service: better communication, better turnaround and better pricing. |
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Banc of America Securities, a subsidiary of Bank of America Corporation, is a full-service investment bank and brokerage firm with principal offices in New York and Charlotte. Together with its London affiliate, Banc of America Securities Limited, the firm delivers capital raising, financial advisory and risk management solutions, bulge-bracket trading and global distribution services, and objective research on global markets and growth sectors to corporations, institutional investors, financial institutions and government entities. As a major participant in all asset-backed financing markets, Banc of America Securities serves a broad client base including banks, corporations, asset managers, insurance companies, re-insurers and private clients. With transaction sizes ranging from $25 million to more than $6 billion, Banc of America Securities has securitized a wide array of assets, which include auto loans, home equity and manufactured housing loans, commercial and residential mortgage loans, equipment and auto leases, credit card receivables, student loans, export receivables and bank remittances. Securities are offered in the public or private markets or through the issuance of multi-seller asset-backed commercial paper. With Global Structured Finance and Global Structured Products professionals in Charlotte, Chicago, Dallas, Los Angeles, New York, London and Tokyo, Banc of America Securities has the expertise to serve any client's securitization needs. |
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LaSalle Bank and ABN AMRO Trustees Limited offer exceptional expertise gained over a decade of serving the securitization industry. We are proven performers with a reputation for innovation and responsiveness, and have capabilities in North America, Europe, Asia and Latin America. From experienced professionals to superior service and leading-edge technology, we offer advantages that few providers can match. You gain the benefits of a worldwide network known for stability, strength and global resources. Our Global Securities and Trust Services group is a premier provider to the CDO (CLO/CBO/CFO) marketplace. We are one of the top two trustees in the world based on the value of CDO deals issued and have been for the last three years according to Asset-Backed Alert. In addition, we offer a full range of RMBS-related services through a dedicated team of professionals. Clients also benefit from our relationship with ABN AMRO Bank, one of the largest administrators of ABCP programs in the world. Our experienced CDO specialists are dedicated to providing the very best customer service, analytics and technology. Working closely with your deal team from pre-close to post-close, we customize solutions to meet your objectives. As testament to our prompt, flexible and high-quality service, we have a clear track record of satisfied clients. Extensive capabilities range from fully integrated loan administration and bond administration to collateral compliance, investor reporting and security analytics to issuing and paying agency services. Our insightful, in-depth reporting package is one of the finest in the industry. Advantages of our comprehensive approach include responsive compliance testing, detailed leveraged loan and structured product collateral tracking, ramp-up custody, integrated CDO and IPA systems, and www.CDOtrustee.com, our state-of-the-art CDO Web-Station. You are assured a provider with the advanced infrastructure and strong back-office foundation to deliver timely customized solutions to satisfy the fiduciary needs of the CDO marketplace. For more information on CDO Trust Services, call Lora Peloquin (312) 904-7753 or Juliana Man in London +44 2(0) 7678 4448. From trustee and document custodian to disbursement agent and master servicer, our RMBS specialists offer fully integrated, seamless solutions. We are a full-service trust provider with ten years of experience in the market. As trustee on more than 1,080 securitized transactions and preferred custodian for over 60 clients with 2.5 million loans in custody, we’ve built a reputation for superior quality and performance. We focus on accuracy and delivering timely, customized solutions to issuers, investors, underwriters and rating agencies. All calculations are performed in-house, allowing us to meet your unique reporting requirements, quickly and efficiently. Clients have fully integrated web access to all aspects of a transaction, providing for effective deal management. Our extensive capabilities include a full range of document custody services with strategically located facilities. For more information on RMBS solutions, call David Arnold (949) 705-6007. ABN AMRO Bank is also one of the largest administrators of asset-backed commercial paper programs in the world with over $50 billion in outstanding ABCP. Our many asset-backed commercial paper conduits range from Windmill Funding and Amsterdam Funding to Tulip Funding, Orchid Funding and Tasman/Abel Funding. We also have securitization professionals who specialize in origination and execution of mortgage and asset-backed securities around the globe. Our fixed income sales force is located in leading financial centers as well as key emerging markets. For more information on ABCP or other securitization transactions, call Robert Graff (312) 904-2675, Sean Chen (312) 904-2569, or William Haley (212) 409-6374. |
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MBIA Inc. -through its subsidiaries, is a leading financial guarantor and provider of specialized financial services. MBIA's innovative and cost-effective products and services meet the credit enhancement and investment needs of its public and private sector clients domestically and internationally. Our superior financial strength and unmatched history of quality service coupled with the largest and most experienced team of credit analysts in the industry makes us the financial guarantor of choice. With Triple-A claims-paying ratings from Moody's Investors Service, Standard & Poor's, Fitch, and Ratings and Investment Information, we offer credit enhancement for a wide range of issues in worldwide markets. NYSE symbol: MBI. Please visit our website at http://www.mbia.com |
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No law firm had a greater impact on the securitization industry in the past year than McKee Nelson. The firm was ranked first as underwriters' counsel for all U.S. asset-backed and mortgage-backed transactions for 2003, first as issuer's counsel for mortgage-backed deals and second as issuer's counsel for asset-backed transactions. In 2003 McKee Nelson augmented its securitization practice by creating one of the country's premier structured product practices, bringing on board several top-flight lateral partners with unparalleled reputations in CDOs, credit derivatives and structured investment vehicles. Most recently, McKee Nelson joined with U.K.-based Ashurst to form Ashurst|McKee Nelson, An Alliance in Structured Finance. The alliance allows McKee Nelson to provide legal advice on securitization and structured products across Europe, the United States and Asia, and gives clients access to global opportunities without the need to work through multiple legal advisors. McKee Nelson's structured finance practice has grown to more than 60 attorneys in the firm's New York and Washington, D.C. offices. Five McKee Nelson structured finance partners have been named "Leading Lawyers" by Chambers Global, The World's Leading Lawyers for 2004-5. Described by Chambers as "a major player in mortgages, auto loans and CDOs," the firm has "experience in all assets and can compete on both volume and esoteric matters." We are pleased to be a leading sponsor of ABS East, continuing our tradition of support for this conference. |
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Moody's Investors Service is among the world's most respected, widely utilized sources for credit ratings, research and risk analysis. The firm publishes market-leading credit opinions, deal research and commentary that reach more than 3,000 institutions and 22,000 subscribers around the globe. Moody's integrity and deep market expertise have earned it the trust of capital market participants worldwide. Our ratings and analysis track more than $30 trillion of debt covering approximately 150,000 corporate, government and structured finance securities, 75,000 public finance obligations, 10,000 corporate relationships, and 100 sovereign nations. Moody's maintains offices in most of the world's major financial centers and employs more than 1,800 people worldwide, including more than 1,000 analysts. Moody's Investors Service is a subsidiary of Moody's Corporation (NYSE: MCO). The corporation had reported revenue of $1.2 billion in 2003. Additional information about the company is available at www.moodys.com. |
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Founded in 1923, Bear, Stearns & Co. Inc. is a leading investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC). With approximately $40.0 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, securities research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending, clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City, the company has approximately 10,500 employees worldwide. For additional information about Bear Stearns, please visit the firm’s website at http://www.bearstearns.com. |
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Global Structured Credit Products (“GSCP”)is part of Citigroup Global Markets and encompasses all the structured credit products, including arbitrage CDOs, synthetic CDOs, standardized tranche products, credit indices, and credit options. The GSCP platform is a fully integrated business complete with structuring, primary distribution, dedicated secondary trading, research and specialist sales. GSCP has personnel in New York, London, Hong Kong and Tokyo and we utilize the unparalleled global distribution reach of Citigroup's sales channels. Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Additional information may be found at www.Citigroup.com. |
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With Euro 840 billion in assets and 65,400 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. Deutsche Bank ranks among the global leaders in corporate banking and securities, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe. The Global Asset Securitization Group is a fully integrated global team providing securitization services to both issuers and investors through teams based in the United States, Europe, Asia and Australia. Deutsche Bank is an active participant in the public and private asset-backed markets as well as a leading sponsor of multi-seller asset-backed commercial paper conduits. |
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Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with accurate, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets. Fitch Ratings is dual-headquartered in New York and London, operating offices and joint ventures in more than 49 locations and covering entities in more than 80 countries. Fitch Ratings is a wholly owned subsidiary of Fimalac, S.A., an international business support services group headquartered in Paris, France. |
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Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net-worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. |
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Merrill Lynch is one of the world's leading financial management and advisory companies, with offices in 36 countries and total client assets of approximately $1.1 trillion. Through three primary business groups- Global Private Client, Merrill Lynch Investment Managers and Global Markets and Investment Banking - Merrill Lynch provides investment, financing, advisory, insurance, banking and related products and services to individuals, companies, institutions and governments across the globe. The Global Markets & Investment Banking (GMI) group provides institutional clients with access to world markets through global underwriting, trading, risk management and distribution services. GMI also serves as a strategic advisor, offering merger and acquisition solutions to corporations and governments around the world, and leverages their industry-leading technology and expertise to supply clearance, settlement, custody, and securities financing services to clients. Merrill Lynch’s Global Secured Financing businesses operate within GMI and leverage the firm’s worldwide resources to deliver integrated and, often, pioneering financing solutions and investment opportunities. Merrill Lynch’s Global Secured Financing businesses serve both the institutional and middle markets through several complimentary and specialized divisions. Whether clients are looking for origination, structuring, investing or distribution support, Merrill Lynch provides an array of solutions to help clients manage their balance sheet, liquidity, risk profile, and profitability. Delivered by an experienced, successful worldwide team, and backed by the capital and commitment of Merrill Lynch, the firm’s secured product suite covers the full range of cash and synthetic options, leveraging ABS, MBS, principal investment, CDO and derivative structures. Merrill Lynch is active in a wide range of asset classes, including consumer loans and credit card transactions, residential and commercial real estate, aircraft finance, lease agreements, stranded costs, license and franchise operations, and trade deliveries and services. |
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MORGAN STANLEY'S GLOBAL SECURITIZED PRODUCTS GROUP ("SPG") provides structured product issuers and investors in the Americas, Europe and Asia with leading edge finance, capital markets, trading and research capabilities and execution in the ABS, CMBS and MBS markets. Morgan Stanley's fully integrated SPG platforms in New York, London, and Tokyo compliment the global financial services capabilities of the Morgan Stanley franchise. Morgan Stanley's SPG consistently achieves the highest standard of innovation and excellence that issuers and investors have come to expect, and has been widely recognized by the investment community and various publications. Morgan Stanley is dedicated to being the first choice for clients when they look to access the financial markets through securitization. For additional information about Morgan Stanley, please visit our website at http://www.morganstanley.com. |
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RBS Greenwich Capital is a wholly owned subsidiary of The Royal Bank of Scotland Group plc. Since its founding in 1981, RBS Greenwich Capital has grown from its early roots as one of the first relative value arbitrage-trading firms to become a unique fixed income capital markets player. The firm focuses on targeted products and markets where the company leverages its expertise to create substantial value for its clients. RBS Greenwich Capital is a major primary dealer in U.S. government securities, a distinguished market leader in sales and trading of mortgage-backed securities, asset-backed securities, corporate bonds and credit derivatives, interest rate derivatives, asset finance, real estate finance and securitization markets. It also is a market leader in the provision of high quality futures brokerage services and trade strategies to select clients. For more information about RBS Greenwich Capital, visit its Web site at www.rbsgc.com. |
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Wells Fargo Corporate Trust Services has served the financial markets for over 60 years. Wells Fargo Corporate Trust’s Structured Products Group offers a complete package of integrated and customized services for ABS, MBS, and CDO transactions including trustee, backup servicing, document custody, master servicing, securities administration, portfolio administration, and tax and SEC reporting. Wells Fargo provides these services on over 2,000 transactions. Additionally, Wells Fargo has experience with international issuers of ABS transaction. Through their London office, Wells Fargo works with both public and private issuers on a variety of international asset classes representing ABS, MBS, and CDO. |
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WestLB, a leader in the global securitization markets, has built a reputation for strategic thinking and innovation and encouraged clients to share ideas and seek WestLB as a partner in growth. WestLB is recognized as one of the premier ABCP conduit administrators in the market, providing conduit financing to clients across a broad range of asset classes including auto loans, credit card receivables, residential and commercial real estate and CDO’s. In the Collateralized Debt Obligation (CDO) market, WestLB maintains a leadership position through creative and market innovative structures and has a proven track record of arranging and originating in excess of USD 10 billion in CDO's. Equipped with securitization professionals in New York, Dusseldorf, London and Tokyo, WestLB’s strong distribution capabilities provide issuers access to the global capital markets for public and private term asset-backed transactions as well as the asset-backed commercial paper market. |
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Assured Guaranty Corp. is a leading provider of financial guaranty insurance in the U.S. and international mortgage-backed securities, structured finance and public finance markets. Assured Guaranty brings to its clients a recognized ability to analyze and underwrite on a timely basis credit enhancement for highly structured, risk-remote transactions. Its experience with a wide variety of asset classes, market conditions and client needs, combined with Assured Guaranty’s financial strength and balanced high quality in-force book of business make Assured Guaranty the experienced and innovative financial guaranty partner of choice for issuers, investors and broker/dealers. For more information, go to www.assuredguaranty.com. |
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Barclays Capital is the investment banking division of Barclays Bank PLC, one of the largest multi-national financial services groups in the world. With a focus on financing and risk management, Barclays Capital acts internationally as an intermediary and adviser to corporates, financial institutions, governments and supranational organisations. Barclays Capital, which has the support of an AA rated parent bank with a balance sheet of over £440 billion, has offices in 22 countries and around 5,700 people worldwide, giving it the reach and distribution power to meet clients’ needs wherever they are based. For further information on Barclays Capital visit our website at www.barcap.com. |
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The Securitization Group of BNP Paribas delivers wide-ranging expertise in structuring solutions for clients. The group's expertise includes underwriting and syndicating term ABS transactions as well as structuring investment-grade ABCP. With securitization professionals in New York, London, Paris, Milan, Hong Kong and Tokyo, and the ability to execute all over the globe, BNP Paribas is well positioned to serve our clients needs. |
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Since 1985, Deloitte & Touche LLP professionals have added insight, consistency and value to more than 14,000 securitized offerings with an aggregate principal amount of more than $5 trillion. Our effectiveness is derived from the experience we bring, coupled with our research, study and devotion to the intricate business of securitization. Understanding that securitization is a combination of process, regulation and technology, we have assembled the wealth and depth of experience – from the beginning of the securitization process to the end – to offer you a comprehensive business solution to your securitization challenges. Serving leading players in the MBS, ABS, CDO and CMBS markets, domestic and global, we offer state-of-the-art products and expert services in financial modeling, analytics, technology, operations, due diligence, accounting and tax. To provide you with solutions that take into account the complexity of your business, our well-rounded team of specialists with industry experience stands ready to help – no matter what your asset class, transaction structure of infrastructure needs may be. For more information, please contact Howard Kaplan at +1 212 436 2163 or hkaplan@deloitte.com. |
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JPMorgan Worldwide Securities Services (WSS) is a premier provider of trust and transaction management services to debt and equity issuers, intermediaries and investors in the global capital markets. With offices worldwide, our experienced professionals offer cross-border expertise, as well as product solutions with a local market focus. Worldwide Securities Services is committed to investing in the technology and resources needed to deliver comprehensive product offerings and expert customer service to its customers all over the globe. We understand our clients and work closely with them to determine their current and future needs, and put our superior technology to work to meet their goals. JPMorgan FCS Corp. (FCS) provides today’s premier Portfolio Management System, Wall Street Office. Wall Street Office is a suite of products designed to make the management of portfolios and structured deals more efficient and effective. This comprehensive system is used by the bank loan, high yield and now ABS investment communities to manage more than $350 billion in assets and provides immediate access to real-time data in over 100 standard reports. Functionality tailored to the asset types found in these deals as well as compliance reporting specific to each structure allows our clients to spend their time maximizing portfolio performance. Beyond asset administration and compliance tracking, FCS offers accounting, performance analytics, and reporting products that enable our clients to more effectively manage their investments. This exceptional system meets today’s rigorous demands while allowing you to reach tomorrow’s profitability goals. JPMorgan Consumer Loan Servicing provides third-party loan servicing on a broad range of asset classes. Our outstanding technology, highly trained personnel and comprehensive range of servicing functions allow our clients to maximize their return on investment and benefit from the leading practices in the loan servicing industry. Systems & Services Technologies, Inc. (SST) is an asset servicing subsidiary of JPMorgan Chase Bank that provides a comprehensive range of global asset servicing solutions, including active servicing (conduit businesses and bulk portfolio transfers), back-up servicing, master servicing, and deficiency collections. SST offers comprehensive consumer loan servicing solutions for nonprime and sub-prime autos, recreation vehicles, manufactured housing, and consumer items. For more information on our services, please contact: Mark Hartzell at 212-623-5690 for Worldwide Securities Services, Tom Phillips at 972-560-4420 for FCS, and Nicholas Scarabino at 212-623-1180 for Consumer Loan Servicing and SST. |
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JPMorgan ABS and CDO Finance Groups are market leaders across aspects of the Global Securitization Markets, with world class asset-backed term and conduit and CDO origination platforms. The groups combine with a top-ranked research, trading and global distribution presence. JPMorgan brings a full range of services to both Issuer and Investor clients. Our professionals provide global premier structured finance solutions for both Corporate and Middle Market clients with major locations in New York, Chicago, London, Hong Kong and Sydney. For more information please contact: David Duzyk at 212-834-5657 for all questions on JPMorgan's term business, Kirk Farney at 312-732-4115 for all questions on JPMorgan's conduit platform, and Brian Zeitlin 212-834-4147 for all questions on JPMorgan's CDO platform. This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of JPMorgan Chase & Co., its subsidiaries and affiliates |
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LEHMAN BROTHERS is a leading global investment bank providing a full line of financial services to its clients. Lehman Brothers’ comprehensive product areas include the full array of equity, fixed-income, and asset management products as well as strategic advisory services. As a top ranked underwriter of fixed-income securities worldwide and as a leading underwriter of ABS securities, Lehman Brothers is in a unique position to offer issuers and investors structured finance solutions for a full range of asset classes across the globe. Lehman Brothers' ABS group draws on the expertise of a wide variety of product areas, including derivatives, research, syndicate, investment banking, and money markets to structure optimal solutions for issuers. The senior professionals in Lehman Brothers ABS have, on average, over 10 years of ABS experience. The ABS group is focused on providing cutting edge technology, which makes Lehman Brothers the global market leader in developing financial structures for all types of assets, including home equity loans, credit cards, automobile loans, student loans, collateralized bond and loan obligations (“CBOs and CLOs”), as well as more esoteric asset classes, such as synthetics, net interest margin securitizations, and unsecured consumer loans. |
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Mayer, Brown, Rowe & Maw LLP has over 1,300 attorneys, with thirteen principal offices and three representative offices in the United States, Europe and Asia. The firm regularly represents issuers, underwriters and placement agents, investors, trustees, servicers, credit and liquidity enhancers, multi-seller conduits and rating agencies, and is continuously active in securitization in North America, Latin America, Europe, and Asia. In addition to having the largest commercial paper practice in the world, Mayer Brown has experience in almost all other types of assets, including many exotic asset-classes, such as operating leases, future export receivables and charged-off consumer loans, and various types of CLOs and CBOs. In 1999, Mayer Brown developed Securitization.NetTM, a collaborative website for the structured finance community that is free to users and contributors worldwide. It’s packed with news, articles, deal information, publications, conference descriptions, and substantive information on structured finance from rating agencies, accounting firms, banks, publishers, law firms and other Contributors from around the world. Access, contributions to, and links with Securitization.NetTM are free to all issuers, investors, lenders, servicers and others in the structured finance community. Securitization.NetTM is sponsored and maintained by Mayer, Brown, Rowe & Maw LLP. |
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The PMI Group, Inc. The PMI Group, Inc. (NYSE:PMI), headquartered in Walnut Creek, CA, is an international provider of credit enhancement products that promote homeownership and facilitate mortgage transactions in the capital markets. Through its wholly owned subsidiaries and unconsolidated strategic investments, PMI offers residential mortgage insurance and credit enhancement products domestically and internationally, financial guaranty insurance and financial guaranty reinsurance. The PMI Group, Inc. is one of the largest private mortgage insurers in the United States, Australia, New Zealand, and the European Union, as well as the largest mortgage guaranty reinsurer in Hong Kong. Private mortgage insurance protects mortgage lenders against potential losses in the event of borrower default. By covering default risk on residential first mortgage loans, mortgage insurance facilitates the sale of low down payment mortgages in the secondary mortgage market. In addition, private mortgage insurance expands homeownership opportunities by enabling borrowers to purchase homes with down payments of less than 20 percent. The PMI Group, Inc. is an advocate of affordable housing and through the PMI Foundation supports a number of initiatives and organizations that foster greater access to affordable housing in the United States, including Habitat for Humanity International, Native American Indian Housing Council, Congressional Hispanic Caucus Institute and National Community Reinvestment Coalition. PMI’s US Market Risk Index, published quarterly as part of the PMI Economic and Real Estate Trends report (ERET), has been featured in publications including the Wall Street Journal, USA Today, and Kiplinger’s Personal Finance. In 2005 PMI received Computerworld’s “Best Practices in Mobile & Wireless” Award for strategic deployment of Mobile and Wireless Technology and the LRN Award for Excellence in Ethics and Compliance Training, and was named one of the best places to work in Bay Area by the San Francisco, East Bay and Silicon Valley/San Jose Business Times. In addition PMI’s CEO Roger Haughton and his wife Judy Haughton were presented with The Danny Foundation Champions of Safety Award for their longtime commitment to helping children and families. More information is available online at pmigroup.com. |
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SG CIB provides both ISSUERS and INVESTORS with a GLOBAL, SOLUTION-DRIVEN APPROACH to their debt finance or investment needs based on an INTEGRATED DEBT and TREASURY PLATFORM. Active for more than a decade and organized on a global basis, the SECURITIZATION team has over 100 professionals providing ARRANGEMENT, STRUCTURING and ADVISORY services in EUROPE (Paris, London, Madrid, Milan and Amsterdam), NORTH AMERICA (New York, Chicago and Montreal), and ASIA-PACIFIC (Sydney). Our London and US-based Syndication and Trading teams provide GLOBAL DISTRIBUTION CAPACITY in the public and private markets. SG CIB's SECURITIZATION team closed over a HUNDRED transactions worldwide, both PUBLIC and PRIVATE, across a WIDE RANGE OF ASSET TYPES including Residential and Commercial Mortgages, Auto Receivables, Consumer Loans, Corporate Loans, Trade Receivables and CDOs. SG CIB is a leading underwriter of ABS and MBS in Europe, ranking # 1 for EURO-Denominated securitizations # 1 for EURO-Denominated Synthetic RMBS # 8 for INTERNATIONAL Structured Finance -all currencies #7 for Domestic AUSTRALIAN Securitization in the IFR and Euroweek league tables & SG Research SG CIB's structuring and distribution expertise was recognized - by ISR Magazine which awarded the 'EUROPEAN RMBS Deal of the Year 2004' award to CREDIT LOGEMENT for the French Residential Assets 2004-1 & 2004-2 Plc transactions - by Euromoney which awarded the 'BEST STRUCTURED FINANCE DEAL FOR 2004 in NORTH AMERICA' award to 1ST FINANCIAL Securitization. - by Euroweek SFI which awarded the 'CONSUMER FINANCE DEAL OF THE YEAR' award to the CARS ALLIANCE FUNDING plc Series 2002-1 issue for RCI Bank, part of the Renault Group. The same transaction was ranked runner-up for 'BEST SECURITISATION of 2002' by Corporate Finance magazine. In 2004, SG CIB was as named 'MOST IMPROVED DEBT HOUSE' in Western Europe and 'BEST DEBT HOUSE' in France and in Spain. As well as structuring, arranging and distributing term ABS, SG CIB, ranked SIXTH largest ABCP Program Administrator, is one of the leaders in WW Asset-Backed Commercial Paper Conduit Sponsors in terms of outstanding. SGCIB administers EIGHT multi-seller CONDUIT and Structured Investment Vehicles -SIV- covering the Americas, Europe, Asia and Australia with TOTAL AGGREGATE OUTSTANDING of USD 27bn. SG CIB provides both ISSUERS and INVESTORS with a GLOBAL, SOLUTION-DRIVEN APPROACH to their debt finance or investment needs based on an INTEGRATED DEBT and TREASURY PLATFORM. Active for more than a decade and organized on a global basis, the SECURITIZATION team has over 100 professionals providing ARRANGEMENT, STRUCTURING and ADVISORY services in EUROPE (Paris, London, Madrid, Milan and Amsterdam), NORTH AMERICA (New York, Chicago and Montreal), and ASIA-PACIFIC (Sydney). Our London and US-based Syndication and Trading teams provide GLOBAL DISTRIBUTION CAPACITY in the public and private markets. SG CIB's SECURITIZATION team closed over a HUNDRED transactions worldwide, both PUBLIC and PRIVATE, across a WIDE RANGE OF ASSET TYPES including Residential and Commercial Mortgages, Auto Receivables, Consumer Loans, Corporate Loans, Trade Receivables and CDOs. SG CIB is a leading underwriter of ABS and MBS in Europe, ranking # 1 for EURO-Denominated securitizations # 1 for EURO-Denominated Synthetic RMBS # 8 for INTERNATIONAL Structured Finance -all currencies #7 for Domestic AUSTRALIAN Securitization in the IFR and Euroweek league tables & SG Research SG CIB's structuring and distribution expertise was recognized - by ISR Magazine which awarded the 'EUROPEAN RMBS Deal of the Year 2004' award to CREDIT LOGEMENT for the French Residential Assets 2004-1 & 2004-2 Plc transactions - by Euromoney which awarded the 'BEST STRUCTURED FINANCE DEAL FOR 2004 in NORTH AMERICA' award to 1ST FINANCIAL Securitization. - by Euroweek SFI which awarded the 'CONSUMER FINANCE DEAL OF THE YEAR' award to the CARS ALLIANCE FUNDING plc Series 2002-1 issue for RCI Bank, part of the Renault Group. The same transaction was ranked runner-up for 'BEST SECURITISATION of 2002' by Corporate Finance magazine. In 2004, SG CIB was as named 'MOST IMPROVED DEBT HOUSE' in Western Europe and 'BEST DEBT HOUSE' in France and in Spain. As well as structuring, arranging and distributing term ABS, SG CIB, ranked SIXTH largest ABCP Program Administrator, is one of the leaders in WW Asset-Backed Commercial Paper Conduit Sponsors in terms of outstanding. SGCIB administers EIGHT multi-seller CONDUIT and Structured Investment Vehicles -SIV- covering the Americas, Europe, Asia and Australia with TOTAL AGGREGATE OUTSTANDING of USD 27bn. |
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UBS is one of the world's leading financial firms, serving a discerning global client base. As an organization, it combines financial strength with a global culture that embraces change. It is the world's leading provider of wealth management services. In the investment banking and securities businesses, it is among the select bracket of major global houses. UBS is also one of the largest asset managers globally. In Switzerland, it is the clear market leader serving corporate and retail clients. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses. UBS's priority is to provide premium quality services to clients, giving them the best possible choice by supplementing best-in-class solutions developed by the firm with a quality screened selection of products from others. With head offices in Zurich and Basel, and more than 68,000 employees, UBS operates in over 50 countries and in all major international financial centers. It offers products and services via a variety of different channels - from the traditional retail bank branch to sophisticated, interactive online tools, helping it deliver services more quickly, widely and cost-effectively than ever before. |
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United Capital Markets, Inc. (UCM) is an institutional bond broker/dealer and market-maker specializing in subordinate and distressed asset-backed securities, collateralized debt obligations and AAA rated Agency and private label collateralized mortgage obligations. UCM is proud to be an industry leader in this space, investing as principal and maintaining an extensive inventory of product. In asset-backeds, United Capital routinely makes markets in equipment leases, pooled aircraft, franchise, manufactured housing, home equity, credit cards, autos, and many others. UCM buys and sells a wide variety of CDOs, including high yield bond, investment grade, synthetic, ABS-backed and trust-preferreds. On the mortgage side, UCM trades PACs, Sequentials, IOs/POs, Inverses, Inverse IOs and more. To its client base, United Capital strives to be a leading source of market intelligence and portfolio pricing in some of the most difficult to value sectors of the marketplace. For more information, visit our website at www.unitedcapital.com or contact our Florida headquarters at 305-365-0527. United Capital Markets is registered with the NASD and SIPC. |
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XL Capital Assurance Inc. (XLCA), rated triple-A by Moody's Investors Service, Standard & Poor's Ratings Services and Fitch Ratings, is a New York-based financial guarantee insurer. We specialize in consumer and commercial asset securitization, structured investment products, future flow securitization, global infrastructure, power & utilities, U.S. public finance, and deposit insurance. XLCA is a subsidiary of XL Capital Ltd which, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products to industrial, commercial and professional service firms, insurance companies and other enterprises worldwide. |
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Ambac Assurance Corporation is a triple-A-rated global provider of financial guarantees and related risk management products to public and private sector clients. Ambac's product groups encompass Consumer and Commercial ABS, MBS, Project Finance, Utilities, Emerging Markets, ABCP Conduits, CDOs, Credit Derivatives, Secondary Markets and Public Finance. Ambac also offers Global Derivatives and Investment Agreements. Ambac has distinguished itself by providing innovative solutions customized to our clients' needs. Our focus is on efficient, effective execution based on an unmatched level of market knowledge and structuring expertise. Headquartered in New York, Ambac's office locations include London, Sydney and Tokyo. |
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Amherst Securities Group, L.P. „ Fixed-Income Trading Amherst Securities Group, L.P. is an NASD Broker-Dealer founded in 1993 as a mortgage specialist in the fixed income market sector. The Amherst team includes recognized professionals in new issue structuring, trading and distribution, serving clients worldwide. The firm maintains offices in Texas, Connecticut, New Jersey, Virginia and Florida. Amherst makes markets in all ABS and credit sectors, including Autos, Cards, CBO/CDO, Equipment, Home Equity and HELOC, Manufactured Housing, and Residential B/C Credit. As an employee-owned firm, we commit ourselves and our capital with each structure and every trade. Amherst's clients value our creative trade recommendations, innovative propriety analytical systems, and the firm's founding philosophy: providing exceptional service and trade execution to fixed income investors. For additional information on Amherst Securities Group, L.P., please visit our web site at www.asglp.com. |
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Calyon is Crédit Agricole's new Corporate and Investment Banking entity that combines Crédit Agricole Indosuez's activities with those of Crédit Lyonnais's Corporate and Investment Banking division. Backed by Crédit Agricole S.A.'s credit ratings and financial solidity, Calyon is positioned as a major player in financial markets and among Europe's leading corporate and investment banks by revenues. With a staff of 18,000 employees in more than 60 countries, Calyon is specialized in a broad range of capital market, investment banking and financing activities. Thanks to its network of more than 50 Senior Bankers, with additional local coverage provided by the retail networks of Crédit Lyonnais and Crédit Agricole's Regional Banks, Calyon now offers an enhanced ability to intervene on financial markets worldwide on behalf of its large corporate and financial institution clients, as well as for small and medium-sized businesses in France. Calyon's portfolio of activities are grouped into two major divisions: A - Capital Markets and Investment Banking division • Capital Markets covers all trading activities and the sale of standard and structured capital market products. Its client coverage teams work from 30 trading rooms and rely on five centers of technical competency: cash management, fixed-income products, credit derivatives, equity derivatives, and futures and options brokerage and clearing. • Equity brokerage activities are carried out by two subsidiaries, Cheuvreux in Europe and CLSA in Asia. • The Investment Banking business line comprises advisory services to companies and the Equity Capital Markets (ECM) business, which is responsible for equity transactions and the structuring of equity derivatives. B- The Financing division It is responsible for asset-based financing, syndication and commercial banking. • Structured Finance and the credit and high value-added advisory services business lines cover the following areas at the international level: trade, energy, aerospace, shipping, tax leases, project finance and real estate. • The Syndication business covers the general financing needs of companies (capital investments, refinancing, lines of credit) and acquisition financing in the specialized areas of Project Finance, Structured Finance, LBOs, Real Estate Financing, etc. • The Finance division also provides an extensive range of Cash Management and Electronic Banking services. From its historical base in France, Calyon is reasserting its goal of developing rapidly in the pan-European market. Elsewhere in the world, Calyon's strategy calls for targeted developments adapted to local market potential and the needs of local clients. |
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As the new generation in financial guaranty, CIFG understands how important it is to choose a bond insurance company that knows where you want to go. We provide insurance for investment grade transactions in the public finance, structured finance (consumer assets, commercial assets, and collateralized debt obligations) and project finance markets. We are a group of Triple-A rated financial guaranty companies capitalized with over $1 billion in claims paying resources. CIFG Assurance North America, CIFG Europe, and CIFG Guaranty are rated Triple-A by Moody’s, Standard & Poor's and Fitch. We are focused on providing you with: -A Triple-A alternative to alleviate concerns about risk concentration among existing providers -A transparent approval process that isn’t mired in bureaucracy -An exceptional approach to customer service We believe the best way to conduct business is to show our customers how we conduct business. You can always rely on us to provide you with an unambiguous timeline and stick to it. For a greater sense of the philosophy that drives every CIFG Group decision, consider our mission: To provide our global clients with consistent, long-term trading value and unparalleled execution through a superior understanding of risk and business needs. Please visit our website at www.cifg.com for further information. |
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Global Structured Credit Products (“GSCP”)is part of Citigroup Global Markets and encompasses all the structured credit products, including arbitrage CDOs, synthetic CDOs, standardized tranche products, credit indices, and credit options. The GSCP platform is a fully integrated business complete with structuring, primary distribution, dedicated secondary trading, research and specialist sales. GSCP has personnel in New York, London, Hong Kong and Tokyo and we utilize the unparalleled global distribution reach of Citigroup's sales channels. Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Additional information may be found at www.Citigroup.com. |
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Clifford Chance US LLP is a fully integrated law firm with 28 offices worldwide. The firm provides seamless global services to the world's leading financial institutions and businesses. Clifford Chance has over 3,200 legal advisers worldwide. Nearly one-half of the Fortune 500 call on Clifford Chance for transactional, regulatory and litigation advice. We offer these clients a combination of locally qualified lawyers along with practitioners deeply experienced in international matters in virtually all of the world's key financial centers. In the US, Clifford Chance has top-ranked transactional capabilities complemented by one of the strongest litigation practices in the country. We offer market-leading practices in financial products, corporate finance, M&A, banking and insolvency, and project finance, as well as comprehensive tax and real estate capability. |
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Credit Suisse is a leading global financial services organization headquartered in Zurich. It is focused on serving its clients in Investment Banking, Private Banking and Asset Management. Celebrating its 150th anniversary this year, the bank draws on a longstanding tradition of excellence and experience in banking. Credit Suisse is renowned for providing expert advice, holistic solutions and innovative products to a wide range of corporate and institutional clients and high-net-worth individuals globally, as well as retail clients in Switzerland. Credit Suisse Group manages its Winterthur insurance business as a financial investment. Credit Suisse is active in over 50 countries and employs approximately 40,000 people from more than 100 nationalities. The registered shares (CSGN) of Credit Suisse Group are listed in Switzerland and, in the form of American Depositary Shares (CSR), in New York. For more information on Credit Suisse please see www.credit-suisse.com Investment Banking In its investment banking business, Credit Suisse offers securities products and financial advisory services to corporations, governments, institutional investors and individual clients. Operating in 69 locations across 33 countries, Credit Suisse specializes in innovative solutions using expertise in a full spectrum of products: debt and equity underwriting, sales and trading, alternative capital, mergers and acquisitions, investment research, correspondent and prime brokerage services. Private Banking In its private banking business, Credit Suisse provides comprehensive advice and a broad range of investment products and services tailored to the complex needs of high-net-worth individuals globally. Credit Suisse’s structured advisory process encompasses both asset and liability management. Furthermore, Credit Suisse is a leading provider of innovative alternative investments. Wealth management solutions include tax planning; pension planning; life insurance solutions; wealth and inheritance advice, trusts and foundations. Credit Suisse offers multiple booking platforms and global execution capabilities. In Switzerland, Credit Suisse supplies banking products and services to private banking clients as well as business and retail clients. Asset Management In its asset management business, Credit Suisse offers products across the full spectrum of investment classes, ranging from equities, fixed income and multiple-asset class products, to alternative investments such as real estate, hedge funds and private equity. Asset Management comprises the bank’s discretionary asset management businesses and manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients from governments, institutions and corporations to private individuals. A globally integrated network creates continuous cross-border information sharing to deliver the bank’s best investment ideas and capabilities to clients around the world. |
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Dominion Bond Rating Service Limited (DBRS) is a recognized credit rating agency established in 1976 and based in Toronto, Canada. Privately-owned and operated without affiliation to any financial institution, DBRS is respected for its independent, third-party evaluations. DBRS’s ratings include assessments of corporate debt, government debt, insurance claims-paying ability, and structured finance transactions, spanning North America, Europe and Asia. Structured finance coverage includes traditional assets such as credit cards, autos, and equipment lease transactions, as well as other sectors such as ABCP programs and CDOs. DBRS has expanded its US coverage, opening a Chicago office, which rates US CMBS transactions, and a New York office, which rates all other types of US structured finance transactions. Investors and borrowers have come to rely on DBRS ratings as the standard in the Canadian marketplace, based on the consistency, objectivity and unbiased approach taken for each rating. As DBRS continues to expand internationally, DBRS will provide the global capital markets with valuable source of credit market insight. Please visit our Website at www.dbrs.com. |
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Ernst & Young is one of the largest integrated professional services firms in the world, employing over 103,000 people worldwide. Ernst & Young provides securitization advisory and assurance services to parties involved in the domestic and global structured finance market. We participate in the strategic development and implementation of capital objectives; evaluate the accounting and tax implications of securitization transactions; advise on optimal asset selection, risk assessment and mitigation considerations in the ultimate transaction design; perform audit and tax compliance of securitization vehicles; design and implement portfolio surveillance processes to assist clients with the ongoing monitoring of their portfolios’ performance; and provide cash flow modeling and other essential transaction services at issuance and on an ongoing basis. Ernst & Young is committed to adding value by using our experience and expertise to offer the most effective securitization solutions. In addition to securitization services, we are highly experienced with complex transactions involving derivatives, leasing, mergers and acquisitions, and other capital markets arrangements. Ernst and Young’s accounting professionals are “on call” 24 hours a day, seven days a week, to offer you the immediacy your transaction demands and the responsiveness you require. We also keep our clients informed about emerging issues as we continuously monitor developments from the FASB, SEC, IASB and IRS as well as other standard-setting and regulatory bodies. Clients receive information on an ongoing basis and can have access to customized client Websites so that vital information is always at their fingertips. To learn more about our securitization services, please contact Steve Campo at (212) 773-7891 / steve.campo@ey.com, or Lisa Filomia-Aktas at 212-773-2833 / lisa.filomia@ey.com. You may also visit our Website at www.ey.com/structuredfinance. |
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Financial Guaranty Insurance Company (FGIC) provides credit enhancement solutions to a broad range of global issuers in the structured finance market. In today’s capital markets, issuers need and investors demand a financial guarantor with exceptional financial strength. FGIC’s financial position is rated Aaa/AAA/AAA, the highest ratings assigned by Moody’s Investors Service, Standard & Poor’s and Fitch Ratings, respectively. Our unconditional and irrevocable guaranty of scheduled payment of principal and interest delivers value to all key participants in the structured finance marketplace. Issuers can obtain capital more efficiently, reduce their financing costs and gain enhanced access to the capital markets. Investors obtain increased marketability and liquidity, and continuous surveillance. Investment bankers and other intermediaries can structure and execute transactions more efficiently and effectively. Our underwriting teams offer extensive credit enhancement expertise and industry knowledge of a broad spectrum of markets. We work in partnership with issuers and investment bankers to develop innovative solutions for their complex transactions. Our professionals are industry leaders in the use of highly sophisticated quantitative analysis tools and techniques. Equally as important, they are committed to providing highly responsive and efficient service to issuers and intermediaries. In the global structured finance market, FGIC’s unsurpassed financial guaranty is built on a rigorous underwriting process, experienced underwriting teams who work in partnership with customers to develop innovative financing solutions, outstanding legal and risk management support, an industry-leading technology platform, and an enduring commitment to maintaining our financial strength. For more information, please contact: Sandra Foist, Managing Director T: 1 212 312 3072 E: sandra.foist@fgic.com or Timothy Travers, Senior Managing Director T: +44 (0)20 7618 8461 E: timothy.travers@fgic.com |
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FINANCIAL SECURITY ASSURANCE (FSA) is a leading financial guaranty insurance company. It guarantees timely payment of principal and interest on asset-backed securities, structured financings and municipal and public infrastructure bonds in markets around the world. Its Aaa/AAA/AAA guaranty allows issuers to lower their funding costs and provides bondholders with the highest quality investments. FSA's claims-paying ability is rated AAA by Fitch Ratings, Aaa by Moody's Invsestors Service Inc., AAA by Standard & Poor's Ratings Services (S&P) and AAA by Rating and Investment Information, Inc. (R&I). It is a member of the Dexia group. |
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Harris Nesbitt, a member of the Bank of Montreal Group of Companies, manages a rapidly growing securitization business based in Chicago. Established in 1990, the U.S. Securitization Group operates predominantly in the highly structured niche within the asset securitization market segment, catering to middle market companies and specializing is unusual asset types. Across the years the product line has broadened to capitalize on fast-evolving securitization technology. Today the Group enjoys a reputation as creative thinkers and innovators in structuring transactions, and consummate professionals in their field. Since its inception, the USSG has invested over $15 billion in senior and mezzanine ABS transactions with zero losses. We administer a U.S. dollar asset-backed commercial paper conduit, Fairway Finance Company, LLC (A-1/P-1), holding over $6.5 billion in commercial paper commitments. Additional product offerings include a medium term note conduit, Pooled Investment Notes Capital, LLC (PIN Capital), private and public ABS term financing, and mezzanine ABS financing. With the capability to structure and close transactions under tight client deadlines, combined with our experience and creativity in structuring non-traditional asset types, we can provide a financial solution for you. Begin the process by contacting Jeff Phillips, Executive Managing Director, at (312) 461-7282 or email at jeff.phillips@harrisnesbitt.com. You can also visit our website at http://www.harrisnesbitt.com/securitization |
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i-Deal™ is a financial services software company that uses innovative technology to deliver workflow solutions to the global syndicate markets. Our solutions can be used by all participants in the new issue process across the global equity, debt and Municipal markets. i-Deal’s systems are designed to fully automate the capital-raising process, increasing the efficiency and speed of underwriting securities for broker-dealers, enhancing the dissemination of information to issuers and investors and enabling all participants to consolidate information from multiple sources onto a single platform. www.i-deal.com |
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Nomura Group Nomura Holdings, Inc. is one of the world’s largest financial services firms. Founded in 1925 in Osaka, Japan, Nomura presently does business in more than 30 countries and employs more than 14,000 people worldwide. Nomura opened its first office in America in 1927 in New York City, becoming the first Japanese financial services firm to establish an overseas office. With a presence in Asia, Europe and the Americas, Nomura is a global firm, with unique access to the Japanese market. In 2001, Nomura listed its ADRs on the New York Stock Exchange, under the symbol “NMR”. Nomura Holding America, Inc. (NHA) is the U.S. subsidiary of Nomura Holdings, Inc. NHA operates from seven offices in North and South America, including the U.S. broker-dealer, Nomura Securities International, Inc. (NSI). Headquartered in the World Financial Center, NSI is involved in the following businesses: Fixed Income, Equities, Investment Management and Asset Management. |
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RBC Financial Group RBC Financial Group is the brand name for Royal Bank of Canada and its subsidiaries, including RBC Capital Markets and RBC Dain Rauscher. Founded in 1864, Royal Bank is Canada’s largest bank as measured by market capitalization and assets, and is the seventh largest of North America’s leading diversified financial services companies. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. Recently named the most respected corporation in Canada for the second consecutive year, the company employs more than 60,000 people who serve more than 12 million personal, business and public sector customers in North America and in some 30 countries around the world. RBC prides itself in its vision: “Always earning the right to be our clients’ first choice.” For more information, please visit www.rbc.com. |
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Standard & Poor’s Structured Finance Ratings offers globally a range of rating services, which help investors, bankers, issuers and other constituents benchmark the credit quality of securitized assets. Our coverage includes asset-backed, mortgage-backed, and commercial mortgage-backed securities, in addition to collateralized debt obligations, real estate companies, REITS and homebuilders. We also provide servicer evaluations, assessments of collateral managers and real estate equity managers, tools to track and analyze commercial and residential mortgage risk, as well as deliver through the web, extensive on-going asset performance and collateral information. Standard & Poor’s unmatched understanding in all structured finance markets, our absolute commitment to quality service and our long-standing reputation for objectivity, openness, integrity, and credibility has made us a forward thinking leader worldwide. For additional information, visit our website at www.standardandpoors.com. |
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STROOCK & STROOCK & LAVAN LLP EXPERIENCED CREATIVE A LAW FIRM FOR THE STRUCTURED FINANCE INDUSTRY. |
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Our Firm is one of the pre-eminent law firms in the field of securitization and structured finance, and has been a key participant since the origin of this business in the U.S. financial markets over 20 years ago. Few firms can match the duration and depth of our experience in this field. Our Structured Finance Practice Group includes more than 85 attorneys, based primarily in New York and Washington, D.C., providing clients with the critical mass of resources, expertise and experience necessary for top-tier structured finance legal services. We represent issuers, underwriters and all other types of transaction participants in the United States, throughout Europe and Asia, and in Latin America through our affiliate office in Mexico City. Our domestic and cross-border experience includes: residential mortgage securitization (including HELOCs and reperforming loans); commercial and franchise loan securitization; resecuritizations; CBOs and CLOs; asset-backed securitization (including equipment leases, health care receivables, trade receivables, credit cards and student loans); commercial paper conduits; cross-border project leasing transactions; offshore and international securitizations; asset finance; CDOs; derivatives; synthetic securitizations; and regulatory compliance and loan level diligence. Our commitment is to provide top quality, responsive, creative and courteous service to all of our structured finance clients. Please see our website at www.tpw.com. |
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U.S. BANK Corporate Trust Services provides exceptional securitization services worldwide. The Structured Finance Group at U.S. Bank Corporate Trust Services has built an impressive record for providing high quality trust and back-up servicing for all types of structured transactions. Our personalized, full array of services includes: trustee, registrar, paying agent, back-up servicer, commercial paper issuing and paying agent, document custodian, Delaware owner trustee, bond administration/calculation agent, tax reporting, and collateralized debt obligations. Investor reporting information is available on our Web site at: usbank.com/corporatetrust. Our administrative expertise includes a wide variety of asset types such as: Auto Loans/Leases, Equipment Leases, Trade Receivables, Credit Cards, Manufactured Housing, Franchise, Recreational Vehicles, Senior Settlements to name a few. Through U.S. Bancorp Portfolio Services we have the complete capability to be an active back-up servicer and have extensive experience in servicing transitions. U.S. Bancorp’s balance sheet reflects $190 billion in assets and is currently ranked as the 6th largest bank holding company in the United States. To learn more about how you can leverage the experience and financial strength of U.S. Bank, contact: For Trust Services: Ed Kachinski, Senior Vice President, U.S. Bank Corporate Trust Services at 212-361-2548, www.usbank.com/corporatetrust; For Back-up Servicing: Joe Andries, Senior Vice President, U.S. Bancorp Portfolio Services at 800-305-6292, www.usbank.com/portfolioservices |
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Backed by the resources of the fourth-largest bank holding company based on asset size in the United States, Wachovia Securities is an integrated corporate and investment banking firm that deploys a full range of capital raising, market making and financial advisory services to meet the needs of corporate and institutional clients. Wachovia Securities Fixed Income Division provides corporate credit services, along with interest rate derivatives, non-dollar products, structured products and commercial real estate finance to corporate clients and institutional investors. |
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ACA Asset Management originates, structures and manages cash and synthetic collateralized debt obligations in a broad range of asset classes. ACA Asset Management currently has in excess of $9 billion of assets under management. |
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DEWEY BALLANTINE LLP is an international law firm with offices in New York, Washington D.C., Los Angeles, East Palo Alto, Houston, Austin, London, Warsaw, Frankfurt, Milan, Rome and Beijing providing significant experience across a broad range of practice areas. The Structured Finance Group at Dewey Ballantine LLP regularly represents issuers, underwriters and placement agents, credit enhancers, investors, securitization warehouse lenders and borrowers, conduit sponsors, servicers and trustees and other parties in virtually all types of mortgage and asset-backed structured financings and structured product transactions. These transactions involve domestic as well as cross-border securitizations; term transactions as well as commercial paper programs; public and private securities offerings; warehouse facilities; derivatives transactions and single and mixed-collateral type pools. |
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DZ Bank’s Asset Securitization Group (“ASG”) offers structured asset and receivables financing for a wide variety of clients and asset types. ASG targets market niches and esoteric asset classes often overlooked by larger financial institutions, using its ability to dedicate resources to “one-off” transactions or to companies that need a reliable source of significant receivables financing. Utilizing securitization techniques, ASG enables non-rated companies to enter the capital markets and become eligible for financing based on the quality of a company’s receivable portfolio. Clients are typically below investment grade or non-rated originators of receivables with relatively predictable cash flows (based upon their operating history) and a need for debt financing to promote long-term growth. When contemplating the structure of a transaction, emphasis is placed on the client’s portfolio performance history (i.e. delinquencies, defaults, underwriting criteria etc.), its ability to underwrite and service a portfolio of receivables and the reputation and experience of its senior management. ASG’s main competitive advantage is its ability to provide “one-stop” shopping for clients, engineering unique financing programs that satisfy a company’s capital needs through various forms of execution, including: • asset-backed commercial paper programs funded through DZ BANK's multi-seller commercial paper conduit, Autobahn Funding Company, LLC; • term note securitizations, placed through DZ Bank’s broker dealer, DZ Financial Markets. Clients benefit from ASG members'in-depth knowledge of asset-based lending and capital markets. Additionally, ASG provides extensive post-closing relationship management in order to accommodate a client’s often dynamic business environment. In contrast to most other financial institutions, all aspects of the transaction and customer relationship are managed by one team. ASG is committed to differentiating itself from other asset-backed finance groups by providing innovative, non-traditional, value-added transactions to its clients. The group’s past successes are largely attributable to its fundamental understanding of credit and rating agency methodology in addition to the expertise in consumer and commercial financing that its members possess. Through a team-orientated approach and an emphasis on communication with its clients, ASG has successfully executed approximately $4.7 billion of transactions since its inception at DZ BANK in April of 1999. For more information about DZ BANK’s Asset Securitization Group, please contact Richard Wisniewski, Senior Vice President, at (212) 745-1662. |
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Greenberg Traurig LLP is an international, full-service law firm with approximately 1,350 attorneys and governmental professionals in 29 locations in the United States, Europe and Asia, including strategic alliances with Studio Santa Maria in Milan and Rome, Italy; and Hayabusa Kokusai Law Offices in Tokyo, Japan. Greenberg Traurig is the eighth largest law firm in the United States, as reported in The National Law Journal's listing of the largest U.S. law firms. Attorneys in our Structured Finance and Derivatives Practice Group represent issuers, underwriters, hedge funds, investors, servicers, financial guaranty insurers and trustees in connection with the securitization of a broad range of financial assets and the structuring of complex derivative products.
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KPMG LLP’s Structured Finance Group is one of the leading providers of financial, accounting and tax services to the securitization industry. We have helped clients complete a total of over $3 trillion in securitization transactions. Our highly skilled professionals, extensive industry experience and sophisticated technology can assist you in identifying, analyzing and resolving financial, liquidity and regulatory challenges, including managing credit, interest rate, balance sheet and other risks, and preparing for strategic activities including asset acquisition and liquidation, and mergers and acquisitions. Our professionals, with backgrounds including investment banking, accounting and tax, can present you with a substantial portfolio of structured transaction, tax reporting, bond administration and advisory services. Our approach allows us to provide comprehensive services for each engagement – from assisting with the initial strategic planning and decision making process required of all capital markets transactions, to portfolio identification, preparation and transaction modeling, and continuing through tax reporting over the entire life of a transaction. With dedicated professional based in Los Angeles and metropolitan Washington, D.C., we are strategically placed to fully access global aspects of the capital markets and are available to assist you whenever and wherever your firm requires. For more information on KPMG's Structured Finance Group, please contact Patti Cary, Partner, at (703) 747-3018 or pcary@kpmg.com or Scott Carnahan, Partner, at (714) 850-4445 or scarnahan@kpmg.com. KPMG LLP is the audit, tax and advisory firm that has maintained a continuous commitment throughout its history to providing leadership, integrity and quality. The Big Four firm with the strongest growth record over the past decade, KPMG turns knowledge into value for the benefit of its clients, people, communities and the capital markets. Its professionals work together to provide clients access to global support, industry insights, and a multidisciplinary range of services. KPMG LLP (www.us.kpmg.com) is the U.S. member firm of KPMG International. KPMG International’s member firms have nearly 100,000 professionals, including 6,800 partners, in 148 countries. |
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KUTAK ROCK LLP, a law firm with offices nationwide, was one of the first firms to develop a securitization practice and is a highly active participant in the securitization industry. The firm's securitization lawyers have extensive experience structuring, negotiating and documenting domestic and international asset and mortgage securitization transactions involving numerous types of assets, both traditional and newly emerging, in private and public transactions. The firm has a history of working with issuers, investment bankers and credit enhancers to develop unique and innovative mortgage-and asset-backed financing structures. Firm lawyers combine legal expertise, practical and business experience and a commitment to client values to accomplish the objectives of clients and meet an established standard of excellent service to clients. www.kutakrock.com |
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McDermott Will & Emery is a leading international law firm with a diversified business practice. We represent a wide range of commercial, industrial and financial enterprises, both publicly and privately held. Our clients include some of the world’s largest corporations and financial institutions, small and medium-sized businesses, and individuals. Our Structured Finance Group represents a wide range of participants in securitization, CDO and derivatives transactions and has comprehensive experience in all structures and asset-classes found in the market. Currently numbering over 1000 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Rome, San Diego, Silicon Valley and Washington, D.C. For further information, please visit our website at www.mwe.com. |
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MortgageRamp, Inc. is a leading provider of business-process outsourcing and technology solutions for the global real estate finance industry. Whether it’s outsourcing a specific step in the commercial or residential loan process or leveraging the firm’s technology capabilities, MortgageRamp offers clients a complete solution, serving 150 major commercial and residential financial institutions worldwide. Headquartered in Atlanta, Georgia, MortgageRamp maintains a full-time staff of approximately 160 associates with offices in New York City; Washington, D.C.; Newton Square, Pennsylvania; Salt Lake City, Utah; Houston and Dallas, Texas. Visit www.mortgageramp.com to learn more or call 1-888-496-2200. |
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Orrick has consistently been top-ranked in the representation of issuers and underwriters of public offerings of asset-backed securities. We are a key player in the development of new structures for the asset-securitization market throughout Asia, Europe, and the United States as counsel to issuers, underwriters, credit enhancers, sellers, servicers, and institutional purchasers. Our lawyers have been lead counsel in more public and private credit card transactions over the past 10 years than any other law firm. We currently represent the two largest issuers of residential mortgage securities in the United States. We are also the market leader in the resecuritization of both municipal and corporate securities. Our lawyers have been identified by Chambers Global and Chambers US as "major players" in the field. We have also been recognized in the IFLR 1000, the UK Legal 500, Global Counsel 3000, and Euromoney’s Guide to the World’s Leading Structured Finance Lawyers. The more than 80 Structured Finance attorneys in Orrick’s Structured Finance Group are based in our New York, Washington D.C., San Francisco, Los Angeles, London, Paris, Rome, and Tokyo offices. For more information on Orrick and the Group please visit www.orrick.com. |
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As the world’s largest professional services firm, PricewaterhouseCoopers (PwC) LLP offices are located in over a hundred countries. Equipped with this global presence, our firm’s mission is to help our clients solve complex industry issues, manage risk, and enhance business performance. In the past year, the PwCs’ and the Structured Finance Group (SFG) have been involved in securitization transactions totaling billions of dollars. The SFG’s professionals combine a high-level of technical expertise to provide a wide range of securitization services, such as: deal structuring, asset valuation, due diligence, modeling, operational consulting, tax and accounting analysis, tax reporting, and technology development, implementation, and maintenance. To meet the industry changing demands and expectations, the SFG continuously develops its services and technology applications: CDO AnalysisPro (CAP), Collateral Pre-Processing System (CoPPS), and Asset Securitization AnalysisPro. It’s because of the SFG’s commitment to financial development, innovative marketing, and strategic planning that we continue to meet and exceed our clients’ goals and deliverables. With our best talents, limitless experience, and immeasurable industry knowledge, PwC and the SFG have positioned themselves as business innovators and as clear-cut leaders in the securitization marketplace. For information on the SFG’s services or a demonstration of our technology solutions, contact one of the following PwC representatives: David M. Lukach at 646.471.3150 david.m.lukach@us.pwc.com Frank Serravalli at 646.471.2669 frank.serravalli@us.pwc.com Debra Rappoport at 646.471.2876 debra.rappoport@us.pwc.com |
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Turn to Protiviti for your transaction due diligence and collateral monitoring needs. Our professionals have experience across asset classes, from consumer to commercial, and have worked with many leading financial institutions, so we have “been there/done that”. We do not offer external auditing services, which enables us to perform due diligence and collateral monitoring on any firm in your portfolio. Our product is designed to focus on the key areas driving your structuring decision. We customize our procedures to meet your needs. The procedures performed generally cover dilution, ineligible assets, analysis of asset quality and portfolio trends, and testing the integrity of the information presented. With professionals in more than 35 offices around the globe, Protiviti is the leading firm dedicated exclusively to risk consulting and internal audit. Protiviti’s professionals will introduce you to a new level of knowledge, insight and service. Our engagement teams maintain frequent communication with your organization to facilitate timely information flow – pre-visit, during fieldwork, and during report wrap-up. To ensure quality of service and deep competency, managers lead our due diligence engagements and are on-site for the entire length of fieldwork, overseeing professionals from our Credit Risk Management practice. A key characteristic of our service is providing a relationship manager as your single point of contact. Your transaction team will have one person to contact for scheduling, defining the scope of work, coordinating fieldwork and reviewing the report. Your relationship manager will know your transaction team and the specific characteristics of your business. We will invest time in getting to know you better so that we can meet and anticipate you needs over time. In today’s environment of intense competitive pressures, volatile economic conditions, and increasing levels of consumer and commercial debt, an organization’s ability to effectively monitor and manage its credit risk could mean the difference between success and survival. Our dedicated team of professionals can assist your risk management organization in achieving these objectives. Contact one of our leaders today! Cory Gunderson Managing Director cory.gunderson@protiviti.com (312) 476-6382 Michael Aquino Director michael.aquino@protiviti.com (215) 568-4070 Stephen Daniels Director stephen.daniels@protiviti.com (215) 568-4070 |
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RABOBANK INTERNATIONAL is the corporate and investment banking division of Rabobank Group, the leading Dutch financial institution with assets of EUR 402 billion, which is the only private sector bank in the world to be triple A rated by Standard and Poor's and Moody's. Rabobank International focuses on providing selected industry expertise and strong local knowledge to corporates and financial institutions, through a network of 90 offices operating in more than 30 countries worldwide. Rabobank International is recognised, in particular, for its expertise in the food and agribusiness (F&A) sector, reflecting its roots as one of Europe’s most established co-operative organisations. Rabobank International offers its clients the full range of corporate and investment banking services embracing global capital markets and treasury, international M&A, structured finance and securitisation. Rabobank International is part of the Rabobank Group which encompasses a complete range of bancassurance services including retail banking, insurance, leasing, factoring, private banking, asset management and venture capital. |
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Riviere-Jenison Securities(RJS) is an NASD Broker Dealer with offices in New York City, Boston, Austin, Texas, and Santa Monica, California. The 2 principals, Rob Riviere, and Paul Jenison have over 45 Years experience in the Structured Finance and Securities Industry. RJS specializes in Asset-Backed Securitisation, particularly Specialty Mortgage platforms, marine and auto receivables, Commercial Leases, Legal Settlements, Medical Receivables, Contract Monetization, and Private Label Credit Cards. Over the past 10 years,they have combined to do over $30 Billion in ABS Issuance. |
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SCHULTE ROTH & ZABEL LLP is a law firm based in New York and London, which has been active in the structured finance market for over twenty years. We represent many placement agents, insurers, issuers, and investment managers in collateralized loan obligation, collateralized bond obligation, collateralized debt obligation and collateralized fund obligation offerings. Our active derivatives practice has resulted in our involvement in many structured financings with significant derivatives components, including synthetic CDOs and repackagings. Our transactional attorneys work closely on each project with tax, ERISA and bankruptcy specialists who have expertise in the special issues that arise in structured financings and derivatives. The range of securitizations in which we have represented issuers, underwriters, investors, credit enhancers, trustees, sellers and servicers of assets and liquidity providers includes commercial and residential mortgage loans, manufactured housing receivables, automobile, recreational vehicle and boat receivables, credit card receivables, trade receivables, equipment receivables and leases and healthcare receivables. |
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Sidley Austin Brown & Wood LLP is one of the of the world’s largest law firms, with over 1,550 lawyers and 14 offices in North America, Europe and Asia. We have one of the world’s premier securitization and structured finance practices, with more than 150 lawyers in our offices in New York, Chicago, Los Angeles, San Francisco, Washington, D.C., London, Tokyo, Hong Kong and Singapore. From the inception of the securitization industry in the 1970s, our firm has played a leading role in the development of numerous asset classes and transactional structures, beginning with our pioneering work in the creation of mortgage-backed securities. We possess market-leading experience in a broad array of asset types and financing techniques, whether in the U.S., Europe, Asia, South America or Africa. The firm has represented issuers, underwriters, managers and financial guarantors in thousands of asset-backed securitization transactions. The assets securitized have included commercial and residential mortgage loans, credit card receivables (including written-off accounts), consumer loans, auto loans, commercial loans and other debt obligations, franchise loans, trade receivables, future flows, consumer retail installment sales contracts, student loans, structured settlements and utility receivables. Based on industry statistics, we have participated in more securitization transactions than any other law firm in the world. We continue to be a leader both as manager and issuer counsel in the Asset-backed and Mortgage-backed markets. For 2004, the firm was ranked by Thomson Financial as number one issuer’s counsel for U.S. debt, equity and equity-related deals with over $255 billion in deal value from 457 offerings representing a market share of 11.3%, and number two as underwriter’s counsel in the same category with nearly $224 billion in deal value from 496 offerings representing a market share of 9.4%. We are consistently ranked at the top of the Thomson Financial surveys. For 2004, we ranked in the top ten in twenty out of twenty-eight categories in the survey, including: • #1 Issuer Counsel and #2 Manager Counsel for US Debt, Equity and Equity-Related Securities • #1 Issuer Counsel for US Straight Debt – Including MBS, ABS • #1 Issuer Counsel for US Straight Debt – Excluding MBS, ABS • #1 Issuer Counsel for US Investment Grade Corporate Debt • #2 Issuer Counsel and #3 Manager Counsel for US Mortgage-backed Securities • #2 Manager Counsel for U.S. Asset-backed Securities |
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WMC Mortgage Corp., acquired by GE Consumer Finance in June 2004, is a leading wholesale originator of non-prime residential mortgage loans in the US. WMC originated over $19 billion of new mortgage loans in 2004, and has been listed in the Top 5 in National Mortgage News Wholesale Volume Leaders. WMC is committed to prudent growth by leveraging key strengths to complement the business model, including: technology driven intiatives, supporting a strong risk discipline, a rigorous compliance culture, excellent financial stability, a deep management team and a willingness to invest for the long term. Since the end of 2001, ABS securities backed by loans originated by WMC will exceed $30 billion in 2005. According to statistics released by JP Morgan in December 2004, WMC was the 3rd largest single seller conduit issuer in the market. We invite you to learn more about WMC at WMCMortgage.com. |
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Founded in 1893, the law firm of Alston & Bird has an extensive full-service, national and international practice with offices in New York, Washington D.C., Atlanta, Charlotte and Research Triangle. The firm has more than 700 attorneys and offers services in virtually every area of commercial law. Our Structured Finance Group has participated in securitization transactions involving of a wide range of asset classes. In addition, they have represented clients in prominent restructurings and workouts of securitization transactions, including acting as counsel to the independent Examiner in the Enron bankruptcy. www.alston.com |
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Appleby Spurling Hunter is a leading provider of sophisticated, specialised offshore legal services. With more than 430 lawyers and staff, the organisation is uniquely positioned in the key offshore jurisdictions of Bermuda, the Cayman Islands, the British Virgin Islands, and the financial centres of London and Hong Kong. The organisation, a reflection of the 2004 combination of Bermuda-based Appleby Spurling & Kempe and Cayman Islands-based Hunter & Hunter, has four distinct practice groups: Corporate and Commercial, Litigation and Insolvency, Trusts, and Property. Complementing our legal expertise are corporate administrative, trust and management services, making Appleby Spurling Hunter one of the largest and most respected offshore-based legal and business service providers. |
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Applied Financial Technology provides prepayment analytics to the nation’s largest broker/dealers, lenders, insurance companies, institutional investors, and hedge funds. Among its clients are five of the nation’s largest U.S. banks. Since 1996, Applied Financial Technology has delivered high-quality risk analytics to the mortgage industry through its highly regarded quantitative methods. AFT offers pre-payment models for fixed, adjustable, prime and sub-prime mortgages and home equity lines as well as asset-backed securities. The company also provides interest rate processes and other valuation and risk management tools for mortgage- and asset-backed securities and collateralized mortgage obligations. The Applied Financial Technology library is integrated with all major analytics providers, including Bloomberg L.P. Learn more about the company by visiting www.aftgo.com. |
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Arthur Cox is one of Ireland's largest law firms. An international firm, we comprise over 220 lawyers, including 71 partners. We are the only "all-Ireland" law firm, with full-service offices in Dublin and Belfast. The firm also has offices in London and New York. Our practice encompasses all aspects of commercial law, but we are widely regarded as one of Ireland's leading corporate and finance practices. With more than 250 legal staff and a total headcount in excess of 450 we provide a comprehensive service to an international client base ranging from multinational organisations, banks, investment banks and other financial institutions and established global leaders to government agencies and new players in the technology and media sectors. Our reputation is based on proven professional skills, a thorough understanding of client requirements, sound judgment and a practical approach to resolving commercial problems. At Arthur Cox, our aim is to provide each client with advice that adds value to its business. Our approach demands the highest levels of knowledge, technical skill and service delivery allowing us to provide accurate, reliable, timely and cost-effective advice across a range of industry groups and sectors. A strong teamwork ethic and practical "can do" approach to solving problems ensures a seamless, effective service. We identify ourselves with our clients' requirements and work with our clients to help them achieve their goals. In operating a policy of direct partner involvement in client matters and a system of regular review we ensure that all clients are provided with a top class service and that all matters are handled in an efficient and cost effective manner. Our structured finance team is a vastly experienced mix of finance and tax lawyers, many of whom have previously worked at other international law firms where they have advised on a wide variety of structured finance transactions. We specialise in all types of capital markets transactions, including cash and synthetic CDOs, securitisations of all asset classes, covered bonds, repackagings and derivative and fund linked structures. Arthur Cox Listing Services (headed by Helen Berrill, formerly head of Specialist Debt Listings at the Irish Stock Exchange) offers a full range of listing services on the Irish Stock Exchange. We believe that the experience that our lawyers have gained from transactions documented under English, New York and Irish law gives us a significant advantage in providing a knowledgeable and responsive service to our clients. For further information, please contact Glenn Butt, Cormac Kissane, Conor Hurley, Caroline Devlin or Helen Berrill on +353 1 618 0000 or at firstname.lastname@arthurcox.com. |
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Since 1949, Baker & McKenzie has provided sophisticated advice and legal services to many of the world's most dynamic and successful organizations. Helping clients understand and thrive in diverse legal, political, social and economic systems made us one of the world's largest law firms - and the first to be truly 'global'. We are a network of more than 3,100 locally qualified, internationally experienced lawyers and 5,200 other professionals and staff in 68 offices in 38 countries. We have the knowledge, experience and resources to deliver the broad scope of quality legal services clients require to respond to both international and local needs. Ours is a diverse culture with a global mindset. We are citizens of over 60 countries, admitted to practice in nearly 250 jurisdictions, and speak more than 70 languages. Baker & McKenzie’s Securitization and Structured Finance Practice Group advises clients on all aspects of asset-backed securities, commercial mortgage-backed securities, collateralized debt obligations and commercial paper conduit transactions. We have extensive experience in innovative structures in every asset class, including intellectual property, timeshare receivables, mortgages, naming rights, trade receivables, aircraft, telecommunication and other types of equipment leases, automobile loans, franchise loans and tobacco settlements. Our attorneys have also structured, documented, and closed many unique and unprecedented private and public transactions (including innovative music royalty securitizations) for a wide array of issuers, major investment banking firms, investment companies and advisors, commercial banks, finance companies and insurance companies. Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a “partner” means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an “office” means an office of any such law firm. |
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The Bank of New York provides comprehensive corporate trust services for structured transactions. We offer traditional trust services as well as bond analytics, investor reporting, asset servicing, and tax services. As a result, we serve as a single source for our clients’ securitization needs. We deliver our flexible services through specialized business groups dedicated to asset-backed securities, mortgage-backed securities, CDO’s, SIV's and global structured products. Our product specialists administer a wide range of traditional and innovative structures. Our rated, third-party asset servicing subsidiary, BNY Asset Solutions LLC, offers comprehensive primary, master, special, and back-up servicing for the commercial marketplace and tailor their services to meet their clients specific business needs. The Bank of New York is a leading, committed global corporate trust provider, serving approximately 90,000 issues representing more than $2.75 trillion outstanding through offices in the U.S., Europe, and Asia. |
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BB&T Capital Markets is a full-service investment bank headquartered in Richmond, Virginia, operating as a wholly-owned subsidiary of BB&T Corporation (NYSE: BBT). Headquartered in Winston-Salem, N.C., BB&T Corporation is the nation's 9th largest bank holding company with assets in excess of $100 billion and operates approximately 1,500 banking offices throughout the southeastern United States. BB&T is rated A-1/P-1 and A1(pos)/A(stable). BB&T and its subsidiaries offer full-service commercial and retail banking and additional financial and investment banking services such as fixed income and equity sales and trading, research, investments, retail brokerage, corporate finance, insurance, international banking, leasing and trust as well as mergers and acquisitions. BB&T's Structured Finance Group provides warehouse and term securitization services to both issuers and investors focusing on esoteric and off-the-run asset classes in both the private and public markets. |
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The Bohan Group, Inc. was founded in 1995 to provide analytic services and due diligence to the issuer and investor community. Utilizing BRAIN®, a proprietary software for stratifying and analyzing pools, reviews provide real-time reporting to clients where turn-around time is critical. The Bohan Group, Inc. reviews a variety of asset types including agency, jumbo, alt-a and sub-prime mortgages, auto, HEL, HELOC, SBA, RV, equipment leases, commercial real estate, and non-performing products. Other services include software sales, quality control reviews, tape cracking, pool brokering, and loan sale advisory services. Headquartered in San Francisco, California, additional offices are in Irvine, California and New York, New York. |
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Brown Rudnick Berlack Israels LLP is an international law firm, with offices in New York, Boston, London, Dublin, Washington, DC, Providence and Hartford. The firm’s Structured Finance Group has built a reputation as an innovator in structured finance, pursuing a strategy focused on developing structured finance solutions for new issuers and for new asset classes. The firm has developed a unique capacity to provide structuring, due diligence, communication and transaction management services, in addition to traditional legal services. In addition to serving as issuer’s counsel and underwriter’s counsel, the firm has used these added capabilities to perform a new advisory role in complex securitization transactions. In this role the firm has, working closely with underwriters and other counsel, been able to develop innovative structured finance programs and contribute to smooth and efficient execution of securitization transactions. A recent application of this capacity is the firm’s role in conceiving and structuring the program which has enabled outside legal counsel for various states of the United States in the tobacco litigation against the tobacco industry, which culminated in the landmark settlement in 1998, to monetize their legal fees which are payable by the settling tobacco companies over a period of years. The first of a series of transactions under this program, Litigation Settlement Monetized Fee Trust I™ Pass Through Certificates, Series 2001-1, which was closed in February of 2001, was recognized as the U.S. Asset-Backed Securities Deal of the Year by the International Securitisation Report. To date, over $600 million of securities have been issued involving this asset class, and other transactions are contemplated. In the early 1990s, the firm developed the first national credit tenant lease finance program involving big-box retailers and developed the first CTL-only conduit. The firm is currently working on securitization programs involving wind power assets, patent and copyright royalties, and life settlement proceeds. In addition, the firm is working on new programs to employ CTL technology to finance real estate portfolio acquisitions in the UK and Europe and to finance acquisition of §1031 exchange properties in the U.S. |
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With more than 500 attorneys serving clients from offices in New York, London, Charlotte, Washington and Beijing, Cadwalader, Wickersham & Taft LLP is an elite global finance law firm that focuses on the sophisticated transactional, litigation and regulatory needs of the world’s leading financial institutions. We also are an internationally recognized leader in capital markets, having played a critical role in billions of dollars of transactions and pioneered the legal architecture for projects that have set standards worldwide. We represent participants in virtually every sector of the markets, including issuers, underwriters, investors, investment and commercial banks, insurance companies, and credit enhancers and servicers. Regardless of their role, our clients depend on our premier service, cost-effective approach and record of creativity as well as our broad capabilities -- from commercial and residential mortgage-backed and asset-backed securitizations to fixed-income and equity capital markets, from structured finance, synthetic and hybrid products to derivatives. Supporting our capital markets team are attorneys well-qualified to advise clients concerning the issues that arise in the course of such transactions, including tax, securities and commodities regulation, bank regulation, insolvency, and investment company and pension plan regulation. In addition, Cadwalader is superbly positioned to offer legal services to internationally-based clients conducting transactions all over the world, providing clients the distinctive advantages of a presence in major financial and governmental centres and, owing to our credibility and connections, opening doors for clients to myriad opportunities, wherever they may be found. Based on the number and dollar amount of deals we have handled, Cadwalader has consistently ranked as one of the top securitization law firms in the nation. Among our many honors and achievements, we have been named "Best Law Firm for North America" by International Securitisation Report twice in the last three years; ranked first as issuer counsel and first as underwriter counsel for 2004 issuances of commercial mortgage backed securities by Commercial Mortgage Alert; repeatedly noted by The American Lawyer in its Annual Corporate Scorecard as a leader in asset-backed securities, mortgage-backed securities, and investment grade debt; cited by Chambers and Partners as the "Rolls Royce" of mortgage-backed work; and worked on numerous transactions named "Deal of the Year" by International Securitisation Report and International Financing Review. |
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CAPITAL PRINTING SYSTEMS, with offices in New York and London offers a full range of financial publishing and communications services and is a market leader in the asset securitization community, particularly in ABS, CMBS and MBS transaction documents. Our clients are a “who’s who” in asset securitization deal-making. Through innovations in both technology and personalized customer service, we have helped issuers, investment banks and law firms by setting new standards in compiling and printing the most complex books in the securitization marketplace—many comprised of hundreds of pages of text and charts, tab inserts, high resolution graphics, gatefold loan tables and multimedia CDs. We executed the largest SEC filing in history in helping one investment bank take their deal to market. Fully integrated with the Internet workspace, we offer a variety of practical, efficient e-business tools that allow our clients to focus on deal-making rather than be distracted by logistics and techno-hassles. Our unique pricing structure helps our clients to control costs. |
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Designed by collateral managers for collateral managers, CDO Sentry is a comprehensive software solution that facilitates the management and monitoring of all types of CDOs, including Synthetic, ABS, Investment Grade, Loan and High Yield. Atlantic Information Services developed CDO Sentry by combining years of investment management experience with software development expertise. CDO Sentry integrates compliance, waterfall, trading, reporting and accounting into a single product. Easily compute the impact of trades on compliance and equity IRR. Analyze changing market conditions with flexible default and interest rate scenarios. Facilitate day-to-day management and reconciliation with powerful portfolio accounting tools. CDO Sentry is the complete solution for managing your CDOs. |
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CENTRIX™ Portfolio Management Program (PMP) CENTRIX Financial introduced the Portfolio Management Program (PMP) in 1998, and revolutionized the concept of risk-based lending with an innovative business model that securitizes special auto finance (SAF) portfolios one loan at a time, transferring the majority of risk from the financial institution to an A-rated insurance company. But the appeal of the PMP goes beyond protecting financial institutions against principal loss. Institutions can rely on CENTRIX’s comprehensive approach to loan management and customer service. CENTRIX manages the process from start to finish, from underwriting and processing to servicing, collections and remarketing. As a result, financial institutions can realize performance in SAF lending comparable to what is found in prime portfolios. SAF Market Opportunity SAF is a $260 billion market – up from $139.5 billion in 1994 – with tremendous potential for growth. In today’s market SAF loans account for more than 36 percent of all auto loans, up from 25.8 percent in 1994 according to CNW Market Research. PMP Benefits PMP Default Protection™ insurance: Security and the peace of mind PMP Default Protection™ insurance insures each loan upfront, rather than as a pool, transferring risk to Everest National Insurance Company, a $15 billion dollar company. Additionally, a blanket Vendor Single Interest (VSI) insurance policy covers each loan, protecting against skip, confiscation and uninsured physical damage. Predictable Returns: Portfolio with five complete years of historical data to back it up The CENTRIX™ PMP produces an average return that ranges between 7.6% and 8.4% and stabilizes at approximately 8% during the maturity phase of the portfolio. PMP Liquidity Control ProcessSM (LCP): Flexibility of controlling liquidity CENTRIX’s proprietary PMP LCP allows financial institutions to manage cash flow and control capital allocation to their PMP portfolio. Through the buying and selling of PMP Auto Loan Participations (ALPs), PMP Loan Participations have achieved a combined net return of 7% over the life of the portfolio. Compliance: State and Federal regulations The CENTRIX compliance department monitors state and federal regulations to keep the PMP fully compliant. Financial institutions get the added benefit of extensive, ongoing due diligence training that covers every aspect of the PMP. Financial Institutions also get the convenience of 24/7 online support at the due diligence/compliance section of the CENTRIXfinancial.com website. To learn more about CENTRIX Financial and the PMP contact our Sales and Business Development Team at 1-877-500-4646 or pmp@centrixfinancial.com |
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Citibank® Agency and Trust is a leading provider of Corporate Trust services for securitizations, including Trustee, Bond Analytics, Registrar and Paying Agency capabilities. Citibank Agency and Trust has serviced the asset-backed and mortgage-backed securities markets since 1987. We have extensive experience with a full range of asset types, and currently act as trustee for asset-backed and mortgage-backed issues with a combined outstanding balance of over $100 billion. Clients rely on our depth of industry experience for excellent execution and market expertise, as well as our highly regarded web site for Investor Reporting (www.sf.citidirect.com). Citibank Agency and Trust also offers a full range of agency, fiduciary and depository services in both established and emerging markets. We manage approximately 3,000 appointments globally for more than 2,500 major corporations, governments and other entities having a variety of debt and equity services. Our portfolio covering all debt product offerings is approximately $3.2 trillion in outstanding debt. Learn more at our Web site, www.agencyandtrust.citibank.com. Citibank Agency and Trust is an integral business within Citigroup's Global Transaction Services division, which in turn is part of the Corporate and Investment Bank. Citigroup Global Transaction Services provides innovative banking solutions to financial institutions, corporate clients, and public sector utilities around the world. Its dedicated and experienced financial services professionals draw upon Citigroup's unsurpassed resources and capabilities to develop the best solution for each client. |
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Introducing simplicity into the complex world of securitization and structured finance, CSC Securitization ServicesSM provides secure access into your data, superior control over your information, and flexible reports for data analytics. Founded in 1899, Corporation Service Company® (CSC) combines uncomplicated technology with award-winning customer service. Whether you are involved with securitization, structured finance, project finance, mergers and acquisitions, or real estate transactions, CSC Securitization Services is the partner you can trust to help you confidently manage your business. For more information, call Richard Taiano, Managing Director, CSC Securitization Services, at 212-299-5650 or e-mail at rtaiano@cscinfo.com. |
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COUNTRYWIDE CAPITAL MARKETS, INC. (CCM), a mortgage related investment-banking firm focuses on all aspects mortgage centric financial activities. Countrywide Securities Corporation (CSC), Countrywide Servicing Exchange (CSE), and Countrywide Commercial Real Estate Finance (CREF) operate under the Countrywide Capital Markets umbrella. Products and services encompass sales and trading of real estate and related securities and whole loans, including HELOCs, sub-prime mortgages, franchise loans, commercial mortgages, U.S. Treasuries and agency debt. An integral part of these activities also involves the valuation and trading of servicing portfolios; mergers and acquisition strategy and the provision of enhanced research that focuses on specific loan level attributes. As part of this strategic positioning, we also originate and trade a variety of funding alternatives, such as CDs and MTNs. Our association with the nation's largest independent mortgage banker, Countrywide Home Loans, provides us access to proprietary data which presents the unique position of evaluating drivers of value by merging issues in the origination of loans with trends and developments in securitized markets. |
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A $13 billion dollar company headquartered in El Segundo, Calif., CSC is a leader in third-party loan servicing with 25 years of proven experience in delivering effective, cost-efficient solutions to the Financial Services industry. One of the industry’s largest servicers, CSC has been managing securitized and non-securitized loan portfolios since 1990. Each client's lending program is unique and CSC creates the servicing program around that uniqueness. All of CSC's loan servicing products are available as a package that meets your company’s specific requirements -ASP (systems only) to a complete solution for the entire lending process (BPO). CSC also offers related solutions for; Back-up servicing, Insurance tracking, warranty/service contract processing and debt protection/suspension programs. Founded in 1959, CSC has more than 90,000 employees worldwide who provide consulting, systems integration, IT and business process outsourcing and software to the world’s largest corporations. |
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Dechert LLP's securitization team is experienced in a wide range of securitization transactions, including public offerings and private placements of mortgage-backed and asset-backed securities. Dechert lawyers represent major issuers and underwriters as well as asset originators, conduits, servicers, purchasers, major rating agencies, trustees, and monoline insurance companies in securitization transactions involving a broad range of assets, including commercial and residential mortgages, 12b-1 mutual fund fees, automobile loans and leases, CLOs, CBOs, CDOs, consumer loan contracts, trade receivables, equipment leases, credit card and insurance premium receivables, health care receivables, and intellectual property rights. Dechert ranks among the leading global law firms, with more than 700 lawyers offering a full range of legal services to clients in the financial services industry. The securitization team is part of the firm's Finance and Real Estate Group, consisting of more than 130 lawyers and other professionals skilled in virtually every aspect of capital markets finance, including CMBS, ABS, CDO/CLO and other structured transactions. For more information, contact Malcolm Dorris at 212.698.3519 or malcolm.dorris@dechert.com. |
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DEERFIELD CAPITAL MANAGEMENT LLC is a Chicago-based fixed-income manager with approximately $9 billion in assets under management. The Company serves institutional investors with fixed-income based strategies in the form of structured products, hedge fund vehicles and separate accounts. Currently, the Company manages assets in the following key fixed-income strategies: asset-backed securities, global government bond arbitrage, bank loans, investment-grade corporate bonds and Return Profile Management, which is a disciplined process of managing duration to achieve positive absolute returns in all market environments. For more information on all these strategies please visit our website at http://www.deerfieldcapital.com. |
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Derivative Solutions is a leading provider of analytics and portfolio management software to financial institutions trading and investing in the bond market. By combining the best Analytics, Data Coverage and Technology available anywhere, Derivative Solutions delivers fast, easy-to-use, market-proven solutions to the fixed income industry. Since 1991, Derivative Solutions products have provided all the tools necessary for the proper valuation and risk management of all fixed income securities including CMOs, ABS, CMBS, CDOs, MBS, ARMs, Hybrid ARMs, Treasuries, Agencies, Corporates, Municipals, FX and Derivatives (including Swaps, Swaptions, Caps, Floors and Credit Default Swaps). Everyday, hundreds of traders, analysts, portfolio managers, strategists, developers, and risk managers at more than 100 leading Wall Street & Regional Dealers, Banks, Insurance Companies, Mortgage Companies, Investment Managers, Hedge Funds, Bond Insurers, Credit Unions and Rating Agencies use the Derivative Solutions suite of products for Bond Trading, Portfolio Management, Risk Management, CDO Management, Hedging, Performance Attribution, and VaR. Stop by our booth to learn more about our Fixed Income and ABS analytical solutions. Contact us: sales@dersol.com, NY: 212.768.3678, Chicago: 312.739.9393. Visit our website at www.dersol.com |
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Descap Securities Inc. is a specialized broker-dealer and boutique investment banking firm committed to providing value added services within specific niches of the fixed income marketplace. It is one of four operating subsidiaries of the First Albany Companies. Descap specializes in the primary issuance and secondary trading of fixed income securities. The other three operating subsidiaries include, First Albany Capital Inc., FA Asset Management Inc., and FA Technology Ventures. Descap’s Sales and Trading Team is staffed with fixed income professionals specializing in mortgage backed, commercial mortgage backed, asset-backed securities and collateralized debt obligations with an emphasis on the less-liquid and more esoteric sectors of the fixed income market. Our team deals with the leading insurance companies, money mangers, pension funds and hedge funds that participate in these sectors. Our longstanding, trust-oriented relationships drive the success of our team. These relationships are supported not only by the market intelligence we posses in our products, but additionally through the many value added services that we believe benefit our clients and set our services apart from those offered by larger financial institutions. |
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Trust & Securities Services (TSS) at Deutsche Bank is one of the largest providers of trust, agency and administrative services to the capital markets globally, with a history in the business dating back to 1903. TSS has earned a reputation for handling the most complex and innovative securitizations in the US and international markets, and operates "at arms length" from all investment banking and lending businesses in the Deutsche Bank group. This expertise has been recognized in International Securitisation Report’s annual awards where Deutsche Bank was voted Trustee of the Year in 2005, the fourth consecutive year it has won an ISR award. In addition to traditional trustee, registrar and agency services, Deutsche Bank offers a broad range of enhanced services to the securitization market including SPV management, web based investor reporting, interactive web based CDO reporting, and ABCP conduit administration. Through specialist Structured Finance offices in the US, UK, Germany, Italy, Portugal and Japan the business services ABS, MBS, CMBS, ABCP, CDO and SIV transactions globally. With a worldwide team of dedicated experts, leading-edge technology, a track record of consistent product innovation, an award winning client service platform, and one of the highest credit ratings of any corporate trust provider, Deutsche Bank offers its clients the most professional securitization services in the market. The TSS business at Deutsche Bank also offers a wide range of services on other types of debt and equity transactions and provides domestic securities custody in 25 markets worldwide. |
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Doremus Financial Printing an Omnicom Group, Inc company (NYSE:OMC) headquartered in New York City is one of the nations premier document management specialist, whose primary line of business is the creation and management of financial documents for the transaction and compliance sectors Doremus prides itself on its ability to evaluate their clients’ needs and adjust its internal systems to streamline the production process and enhance the overall client experience. Doremus partners with law firms and investment banks to ensure that all documents are delivered on time, delivered within budget and most importantly, that they exceed the client’s expectations. Clients range in size from emerging growth companies to the Fortune 500. |
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Evergreen Specialty Finance Lender Services, LLC (“ESFLS”) is an affiliated Company to Evergreen Collateral Consulting, LLC (“ECC”). ESFLS is focused on providing examination services in the specialty finance area. Our team’s experience in the specialty finance area include: energy and utility, lease finance receivables, commercial loan portfolios, operating assets (rail, container, truck, vessel, etc.), healthcare finance, securitized assets, auto loans (floor-plan and buy here/pay here), consumer and mortgage debt, entertainment, sports finance, retail finance, and time share operations. At ESFLS we perform collateral, compliance and systems examinations as part of a sponsor’s due diligence or ongoing collateral monitoring. ESFLS’s team of experienced specialists reach beyond the agreed upon procedures and get behind the collateral and/or financial performance. Our experience allows us to understand all the areas of risk and trends, and provide such information to the underwriting team and investors. Our examination reports explain changes in trends and provide an opinion for reserves to mitigate the risks identified during our examination process. Our firm takes a personal approach with each client. During the examination process, ESFLS communicates areas of concern and findings to both the lender and borrower, which enables us to resolve problem areas during field time and minimize follow-up time. ESFLS is focused on delivering high quality reports and insightful analysis in a timely fashion. |
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Ford Motor Company, a global automotive industry leader based in Dearborn, Michigan, manufactures and distributes automobiles in 200 markets across six continents. With more than 327,000 employees worldwide, the company’s core and affiliated automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive-related services include Ford Credit and Hertz. Ford Motor Company celebrated its 100th anniversary June 16, 2003. |
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FORTIS is an integrated financial services provider active in the fields of insurance, banking and investment. Fortis has a global workforce of 52,000 and a market capitalization of EUR 24.9 billion. Its strong market position in the Benelux forms a solid basis for the bank to grow further in Europe, where it is among the top 20 financial institutions. Outside its home market, Fortis concentrates on selected market segments, such as private banking, asset management and financial markets, and for certain client groups, such as large companies, institutional clients, banks and intermediaries in the financial market. The Fortis Bank organisation is centred around 3 businesses which are integrated in the Fortis structure: Merchant Banking, Retail Banking, Commercial & Private Banking. The Merchant Banking business provides institutional customers, large companies and banks with services involving Global Financial Markets, Corporate & Institutional Banking, Specialised Finance, Private Equity & Structured Finance, Securities and Fund Solutions. Fortis Merchant Banking is ranked as top merchant bank in the Benelux . Structured Credit Products are a strategic Merchant Banking activity. We provide a comprehensive range of products, using both the term and ABCP markets for execution and leveraging Fortis Bank's capital and liquidity resources. The unit offers to facilitate smooth and tailor-made and large public transactions to its for its issuing and investing clients and can provide all administrative, management and agency functions for structured vehicles. We are active in both: - the classical securitization market (RMBS, consumer, transportation, CLO.) - the CDO business (Cash/Synthetic/Correlation). Fortis Bank's Structured Credit Product practice consists of professionals located in Amsterdam, Brussels, Luxembourg, New York and Paris. Fortis Bank has built a strong placing capacity for all ABS types. Its sales force based in 6 European countries, the US and Asia is supported by a dedicated ABS research team. Moreover, Fortis Bank is a large investor in the international ABS market, on-balance sheet and via its sponsored ABCP vehicle Scaldis Capital Limited. Scaldis was set up in 1999, is now the second largest European conduit and the largest ECP issuer, has already securitised assets worth in excess of 21 billion dollars and has the highest short-term rating from the three main rating agencies. |
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GLOBAL SECURITIZATION SERVICES LLC, through its offices located in the U.S. and the U.K., specializes in the administration and ownership of special purpose vehicles ("SPVs") related to asset securitization and structured finance transactions. In conjunction with these roles, Global provides SPVs with equity capital, independent officers and directors, as well as commercial paper administration, accounting, treasury management and corporate services. Our staff is experienced in issuance and compliance procedures and has established excellent relationships with placement agents, depositary institutions and the rating agencies. Serving corporations, banks, and investment banks globally, the combination of resources and commitment to clients' goals makes Global the ideal partner when addressing third party SPV services. |
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Heller Ehrman provides innovative legal services to clients throughout the world. With more than 720 lawyers, we offer the full range of litigation, business and intellectual property capabilities needed to succeed in today's competitive marketplace. Our firm's structured finance practice is coordinated through an experienced interdisciplinary team of attorneys focusing on securitization of a variety of asset classes, particularly in the securitization of residential and commercial mortgages. We have experience in all types of asset securitization and disposition, including consumer and trade receivables, asset -backed commercial paper, corporate loans, intellectual property, service agreements, and royalties. We rank 8th among Thomson Financial's Top Issuer's Counsel for asset-backed securities, and -- over the last two years -- we've handled transactions valued at billions of dollars. |
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Headquartered in London, HSBC Group is one of the largest banking and financial services organizations in the world. The HSBC Group\'s international network comprises more than 9,800 offices in 77 countries and territories, operating in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. Corporate-Investment Banking & Markets offers fixed income underwriting, trading and research services to issuers and investors world-wide through a network of 50 dealing rooms in 43 countries and territories. The Asset Backed Securities and Structured Bonds Group is a fully integrated team offering advisory, structuring and placement expertise to a variety of financial institution, corporate, structured bond, whole business, project finance, CMBS, CDO and ABS clients globally. HSBC Group’s global reach and unique organisational structure enable it to offer clients customised solutions to achieve their financing goals. HSBC Securities (USA) Inc. is a primary dealer in U.S. Treasury securities. It has a well-established presence in U.S. Agency debt programs, offers primary and secondary markets, corporate bonds, mortgage bonds and asset-backed securities, has a U.S. Futures operation with global clearing capabilities and through its equity division provides access to international equity securities. Issued by HSBC Securities (USA) Inc. |
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HUNTON & WILLIAMS LLP has more than 850 attorneys in 17 offices serving clients in over 100 countries around the world. As one of the nation's leading asset securitization law firms, we represent some of the most significant private and government participants in the mortgage- and asset-backed securities capital markets. The American Lawyer 2005 Corporate Scorecard lists Hunton & Williams LLP among the top-ten law firms for asset-backed securities. We have experienced securitization lawyers in the firm's Richmond, Charlotte, New York, Washington and Miami offices, and represent issuers, underwriters, trustees, master servicers, securities insurance companies and other participants in transactions involving a wide variety of assets. With extensive experience in all aspects of asset securitization, Hunton & Williams LLP provides its clients with sound advice and comprehensive service. |
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Intex Solutions, Inc. is a well-known provider of structured fixed income deal models and analytical solutions. Intex models and maintains an industry-leading database of over 15,000 ABS, CDO, CMBS and CMO deals. Deals are individually modeled based on the amortization and loss waterfall rules in the original deal documents. Deals are then updated in a timely manner each month using available trustee and servicer information. Hundreds of leading investment banks, broker dealers, issuers and investors rely on Intex for trading, portfolio management and risk management applications. Intex provides the following specialized applications for cashflow stress testing, price/yield generation, collateral performance analysis and deal structuring under user-defined prepayment/default scenarios: -INTEXnet: Web-based deal/portfolio analytics -INTEXdesktop: Client-resident deal/portfolio analytics -INTEX Subroutines: Cash flow generation engine and API for system builders -INTEX DealMaker: Deal structuring tool for the primary market In addition to these Intex-developed applications, over 25 leading third-party vendors have integrated Intex cashflow functionality into their more generalized applications. To learn more, visit Intex on the web at www.intex.com, or write: Intex Solutions, Inc., 110 A Street, Needham, MA 02494. (781) 449-6222. |
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Investors Bank is focused exclusively on the securities processing business. We administer $1.5 trillion in assets for some of the most prestigious clients in the investment management industry. Our services include: • Full Service CDO Trustee • Global & Domestic Custody • Multicurrency Fund Accounting • Fund Administration • Transfer Agency • Trade Operations Management • Back and Middle Office Outsourcing • Investment Advisor Custody Services • Master Trust Accounting • Securities Lending • Foreign Exchange • Cash Management • Transition Management • Trustee Services • Performance Measurement • Strategic Consulting & Product Development For more information, please call 617-937-6226 in North America or 353-1-475-2211 in Europe. www.ibtco.com |
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Kennedy Covington is a full-service law firm based in Charlotte, North Carolina serving clients in a wide variety of industries, including financial services, brokerage and securities, real estate, technology and manufacturing. Our firm’s structured finance practice group has represented a variety of participants in asset-backed securitization, mortgage-backed securitization, collateralized debt-obligation and asset-backed commercial paper transactions. At Kennedy Covington, we give more than a legal opinion, we give a business perspective. |
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KIRKLAND & ELLIS - It's Square-ly the right move to work with Kirkland & Ellis on your ABS deals. You pick the position, and we have X-act or O-fficial answer to your question. Whether it's Autos, Credit Cards, Timeshare, SEC, Bankruptcy or any of many other categories, we'll TIC-kle your fancy, TAC-kle your problems and TOE the line for you! Here's a quick chance to play: The question for the center square is, "What counsel I should I hire for my next ABS deal?" The star has answered,"Kirkland & Ellis LLP," and that is True. For more great opportunities, call Ken Morrison at (312)861-2347. |
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Latham & Watkins is a leader in corporate finance, capital markets transactions, mergers and acquisitions, and complex business litigation. With over 1,500 lawyers practicing in 21 offices, Latham is one of the few law firms capable of working seamlessly across geographic and practice boundaries to deliver top quality representation worldwide. |
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LeaseDimensions is a true third-party loan and lease servicing company. We provide Servicing, IT Outsourcing and Technology Consulting to companies in the equipment, vehicle and commerical asset finance industries. We are retained to service loan and lease portfolios by clients ranging from Fortune 500 companies to emerging growth organizations. Our services encompass both commercial and consumer customers and include a wide array of equipment, vehicle and specialty assets. Our break-through strategy has been to leverage our unique blend of lending, transaction processing and technical expertise to create customized, value-added enterprise solutions. This leveraged approach is specifically designed to maximize a client's portfolio investment. Since its inception, LeaseDimensions has provided lease and loan services for over 100,000 lease and loan contracts representing several billion dollars in asset value. |
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LeBoeuf, Lamb, Greene & MacRae LLP is one of the world’s largest law firms with more than 600 lawyers practicing in 11 U.S. offices and in nine cities overseas. Founded in 1929, LeBoeuf Lamb is known for its preeminence in providing legal services to the finance, energy and utilities, and insurance industries. Our experience in these fields has in turn brought us to leading positions in corporate and financial services, structured finance, bankruptcy, environmental, international, tax and litigation practice areas. LeBoeuf Lamb has represented issuers, underwriters and credit enhancers in hundreds of asset-backed securities transactions. Our structured finance practice has been rapidly expanding, and now encompasses a broad range of financial products and asset types. In the past five years alone, we have advised clients on more than $87 billion in securitization transactions. Many of these transactions have involved groundbreaking applications of securitization techniques to new asset classes. Many LeBoeuf Lamb attorneys hold advanced degrees in the sciences, engineering, economics or accounting; others have served in senior positions in government regulatory agencies or Fortune 500 companies. This breadth of experience enables LeBoeuf Lamb attorneys to understand and evaluate opportunities in many emerging industries and markets. The Firm’s multinational network of offices serves local interests and ensures a cost-effective and coordinated strategy in matters involving multiple jurisdictions. Our overseas offices are strategically located, enhancing clients’ access to and ease of doing business in major international markets. Whether confronting complex legal issues, linguistic and cultural barriers, or budgetary and time limitations, LeBoeuf Lamb attorneys aim to produce results with consistently high quality and economy of resources. We believe these attributes, combined with the Firm’s considerable network of contacts, the accessibility of our senior partners and the depth of our experience across many industry sectors, make LeBoeuf Lamb a valuable resource and legal advisor. |
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Lewtan Technologies, Inc © is the leading provider of information and technology solutions to the global asset securitization industry. More than 400 institutions rely on Lewtan Technologies' solutions. In 1986, Lewtan entered the nascent asset-backed securities (ABS) marketplace with the first automated investor reporting system for ABS issuers. Today, this system helps manage billions in securitizations in major asset classes. In 1999, working with industry leaders, Lewtan launched ABSNet. ABSNet (www.ABSNet.net) is now the world's leading resource for ABS intelligence and surveillance. In the same year it was launched, Lewtan began to leverage the ABSNet technology by offering “Powered by ABSNet” web site hosting solutions to market participants. Organizations such as Trustees, Conduit Sponsors and Issuers require the ability to aggregate data and make it available to deal participants (including investors) in a convenient, easy to use way. Today’s increased need for deal transparency has made this an even greater focus. Lewtan has met the challenge by offering web solutions designed to improve transparency, expand investor bases, control the dissemination of data and gain new insights into asset performance. Rounding out Lewtan's product offerings is iCDO. Developed in partnership with Deutsche Bank Corporate Trust in 2001, iCDO is the only full-service, Web-based transaction management system for issuers of collateralized debt obligations (CDO's). Lewtan’s combination of products has earned the International Securitization Report’s (ISR) 2003 Best Technology Provider award. |
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LoanPerformance, a division of First American Real Estate Solutions and a member of The First American Corporation family of companies (NYSE: FAF), is a leader in residential mortgage performance data and provides credit risk decision support tools for mortgage originators, servicers, securities issuers and investors. LoanPerformance’s industry-standard mortgage servicing and securities databases track the delinquency and prepayment performance of 46 million active individual mortgage payments per month and provide loan-level information on more than $950 billion in non-agency mortgage and asset-backed securities. LoanPerformance’s proprietary databases and suite of predictive prepayment and risk modeling solutions enable clients to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. More information about LoanPerformance can be found at www.loanperformance.com. First American Real Estate Solutions (RES), a member of The First American Corporation family of companies, is the nation’s largest provider of advanced property and ownership information, analytics and services. First American RES’ database covers more than 2,400 counties representing 97 percent of the nation’s real estate transactions. With more than 600,000 users nationwide, First American RES products are used by companies to improve customer acquisition and retention, detect and prevent fraud, improve mortgage transaction cycle time and cost efficiency, measure the value of residential and commercial properties, identify real estate trends and neighborhood characteristics, track market performance, and increase market share. More information about First American RES can be found on the Internet at www.firstamres.com. The First American Corporation (NYSE: FAF) is a Fortune 500 company that traces its history to 1889. As the nation’s largest data provider, the company supplies businesses and consumers with information resources in connection with the major economic events of people’s lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.72 billion in 2004, First American has 31,000 employees in approximately 2,000 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com. |
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Long Beach Mortgage Company (LBMC), a wholly-owned subsidiary of Washington Mutual, Inc., is a specialty finance company engaged in the business of originating, purchasing, selling and, through its affiliate WMBFA, servicing mortgage loans secured by one- to four-family residences to non-prime borrowers. LBMC has one of the industry’s most tenured executive management teams, with an average of more than 20 years of experience. |
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Lord Securities Corporation is a financial services and securitization administration company formed in 1984. The firm has served the securitization and structured finance market since 1971, beginning with its previous administration as part of a leading Wall Street investment bank. Lord provides transaction sponsors and their financial and legal advisors with seamless, multi-jurisdictional service through its worldwide network and by way of its experienced personnel. Professional staff at Lord includes certified public accountants, MBAs, in-house paralegal expertise and others with extensive experience in securitization and structured finance. Lord provides domestic and off-shore special purpose entities with equity capital, independent directors and officers, as well as full-service, third party special purpose entity administration, ownership, transaction management, accounting, commercial paper issuance and treasury services. Lord currently services over 1,000 special purpose entities with client financing capabilities in excess of $250 billion. |
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Mesirow Financial is a diversified financial services firm with distinct practices in Investment Management, Investment Services, Insurance Services, Investment Banking and Real Estate. Since 1937, the firm has been a leader in serving the financial needs of individuals, businesses, investing institutions, public sector entities and broker-dealers. Mesirow Financial is headquartered in Chicago and employs more than 900 people in offices throughout the United States. We are privately owned by 200 proud employees. Shareholders' equity climbed to a record $114 million in fiscal 2004. |
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The Manufactured Housing Institute (MHI) is a nonprofit national trade association representing all segments of the manufactured and modular housing industries, including manufacturers; retailers; developers; community owners and managers; suppliers; insurers and financial service providers. From its headquarters just outside Washington, DC, MHI works to promote fair laws and regulations, increase and improve financing options, provide technical analysis and research, promote industry professionalism, remove zoning barriers and educate external audiences about the benefits of manufactured and modular housing. Through these various programs and activities, MHI seeks to promote the use of manufactured and modular housing to consumers, developers, lenders, community operators, insurers, the media and public officials so that more Americans will be able to realize their dream of homeownership. |
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Mission Capital Advisors, LLC is a boutique investment bank specializing in the structuring and sale of performing, sub-performing and non-performing loan portfolios, agency securitization / quality assurance and in arranging commercial real estate real estate debt and equity financing. Mission adds significant value to complex loan / asset sales and syndications through its comprehensive process, access to alternative sources of capital and innovative structuring capability. Since its inception in April, 2002, Mission has exclusively advised a variety of financial institutions on more than $8 billion of transactions. |
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Mourant du Feu & Jeune, The Lawyer's Offshore Law Firm of the Year 2004, is a commercial law firm specialising in international finance and commercial law for clients with offshore law requirements. We offer Jersey and Cayman legal advice from offices in Jersey, the Cayman Islands and London. Founded in 1947, Mourant du Feu & Jeune is one of the most highly respected offshore practices with lawyers of the highest calibre and an enviable client list. Mourant du Feu & Jeune's Capital Markets team is renowned for its expertise and experience. It advises leading investment banks, corporates and intermediaries in relation to capital markets and structured finance transactions, including. * preference share structures * debt issuances * securitisations and CDOs and CBOs * repackagings * issuing convertible exchangeable bonds * Tier One capital structures * IPOs * CP programmes * the establishment of limited partnerships * transactions involving derivative contracts * reduction of capital schemes (court sanctioned or otherwise) * the establishment of companies with unlimited shares * insurance transformers * off-balance sheet structures Key recent transactions include: * Epic(Caspar)plc: a £520,000,000 securitisation of a commercial property portfolio utilising an innovative unit trust structure. The project involved the provision by Mourant of Jersey legal advice to Henderson Global Investors, The Royal Bank of Scotland plc and BNP Paribas, UK and Jersey administration services * Gold Bullion Securities Limited: a £1 billion issue of securities for the World Gold Council and Investor Resources Limited , each security carrying a beneficial entitlement to gold. * Breeze One: the first European wind farm securitisation. We provided legal advice to HypoVereinsbank * Aria CDO I: Aria collateralised debt obligation (CDO) arranged by JP Morgan with Axa Investment Managers as asset manager. * Broadgate Financing plc: March 2005, advising British Land on a £2 billion securitisation of rental streams relating to the Broadgate estate. * The Mall Funding plc: April 2005, advising Morley a £1 billion securitisation of the rental streams relating to various UK commercial properties. * PICTS plc: October 2004, advising HBOS on a securitisation of the rental streams relating to the HBOS head office in central London. For further information, please contact Patrick Schmid (patrick.schmid@mourant.com, T +1345 525 5345) or Stacey Overholt (stacey.overholt@mourant.com, T +44 (0)20 7073 7868 for Cayman advice. For Jersey advice, please contact Jonathan Rigby (jonathan.rigby@mourant.com, T +44 (0)20 7073 7861) or Ben Robins (ben.robins@mourant.com, T +44 (0)1534 609 475). |
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M&T BANK is your choice for comprehensive Corporate Trust services. Headquartered in Buffalo, we have regional offices throughout the Mid-Atlantic Region. We’re large enough to offer you the wide range of services and experience that you need, yet we remain customer-focused, delivering highly personalized service. We currently serve as trustee on numerous SEC-registered and Rule 144A consumer and commercial asset-backed securitizations, corporate debt issues, MTN issues, conduits, and commercial paper programs. Through our Delaware bank we serve as Delaware Statutory Trustee for asset-backed securitizations, receivable sales, leverage lease financings, equipment trusts, enhanced equipment trusts and CMO’s and REMIC’s. Whether you need a trustee, paying agent, escrow agent, custodian, issuing agent or any combination of these services, we are a partner you can trust, always committed to Understanding What’s Important. For more Information contact: David L. Williams Vice President New Business Sales (410) 244-4874 dlwilliams2@mandtbank.com Ronald J. Kruppa Vice President New Business Sales (410) 244-4594 rkruppa@mandtbank.com Robert D. Brown Vice President Administration (410) 244-4238 rdbrown@mandtbank.com Joseph Baker Vice President New Business Sales 302-255-4967 jbaker@mandtbank.com |
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Ocwen Financial Corporation is a diversified financial services holding company with headquarters in West Palm Beach, Florida and operations in Canada, Germany, India, Japan and Taiwan. Ocwen Financial Corporation is engaged in a variety of businesses related to residential and commercial mortgage servicing, real estate asset management, asset recovery, global outsourcing and the marketing and sales of technology solutions to third parties. Ocwen Financial Corporation is a global leader in customer service excellence as a result of our company-wide commitment to quality, integrity and accountability. |
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Paul, Weiss, Rifkind, Wharton & Garrison LLP is a world-class law firm whose influence spans the globe and whose lawyers have left their imprint on the landscape of modern jurisprudence. Few firms can match the breadth and depth of skill provided by their leading corporate and litigation practices. The firm is equally recognized for its capabilities in the areas of bankruptcy and corporate reorganization, employee benefits and executive compensation, intellectual property, personal representation, real estate and tax law. Our lawyers serve as counsel to many of the largest publicly and privately held corporations and financial institutions in the U.S. and throughout the world. The firm also serves numerous entrepreneurs and start-up companies, and over the years has nurtured many through their growth into industry players. The firm receives particular accolades for its work on behalf of clients in the financial services, communications, technology, media and entertainment fields. |
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PORTFOLIO FINANCIAL SERVICING COMPANY (PFSC) is the largest independent commercial lease and loan servicing company in the U.S. Since 1992, PFSC has been the industry leader in providing primary, backup/successor servicing, and consulting for leasing and loan portfolios. PFSC currently services over $10 billion in assets. PFSC provides a standard of customized full service portfolio management, from credit to end of contract disposition and financial reporting unequaled by any other industry servicer. PFSC has experienced and dedicated employees who provide a scope of services, depth, flexibility and value-added capability far exceeding other portfolio management and servicing companies. PFSC’s systems and processes are “state of the art” and are supported by daily full system back-up and a comprehensive disaster recovery plan, including diesel generators and contracts with Sungard for back-up servicing facilities. PFSC is certified as a Master Servicer and is approved and accepted by the major rating agencies, credit insurers and the lending community. PFSC is subject to many detailed and extensive audits and due diligence reviews every year. These audits and reviews are performed by highly respected groups including Ambac, MBIA, Moodys, Lehman Brothers, Fitch, Bank of America, Radian, JP Morgan Chase, Key Global Finance, Bank One Trust, Price Waterhouse, Bank of New York, Deutsche Bank, Citibank, RMS McGladrey, PNC Trust, WH Blair, CDC, West LB, Wachovia Bank, DZ Bank In addition, PFSC has many lender reviews with agreed upon procedures every year. The diversity of the portfolios serviced by PFSC are vast and over the past twelve years almost every major lender, credit enhancement group, underwriter, rating agency, all the major audit firms and a number of independent audit firms have visited PFSC to review, evaluate and perform due diligence. This process has allowed PFSC to be approved and endorsed as a Master Servicer by the industry. PFSC allows our client's to customize which services they would like PFSC to manage and, as a private label servicer, we become an integral part of our client's business. We integrate our best-practice methods with our client's internal processes to build a complete solution. PFSC also provides a full range of system and processing services for the total administration of asset-based finance contracts. These services comprise a complete back office environment for the management of equipment and vehicle leases and loans. PFSC provides transaction processing services for managing contracts, from booking through termination and residual realization. |
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Principia provides a comprehensive solution for the management and operations of structured finance operating companies as well as hybrid companies and structures. Our framework offers a unified platform that can flexibly meet the requirements of managing a variety of businesses such as ABCP conduits, securities arbitrage conduits, structured investment vehicles (SIVs), credit derivatives vehicles and guaranteed investment contracts (GIC) issuers as well the other structured finance hybrid businesses. |
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Radian Asset Assurance Inc. provides financial guaranty insurance and reinsurance to the holders of debt obligations and asset-backed securities. Rated Aa3 by Moody's Investors Service and AA by Standard & Poor's and Fitch Ratings, Radian plays a unique role in extending the benefits of credit enhancement to an important, under-served segment of the municipal and structured finance markets. With offices in London, New York and Philadelphia, Radian is established as a significant and lasting business partner serving the global financial markets. |
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For more than two decades, Shearman & Sterling LLP has been a leading law firm in US and international securitisation transactions. Shearman & Sterling represents arrangers, sponsors, originators, underwriters, lenders, investors, sureties, trustees, derivatives dealers and asset managers in designing and documenting innovative securitisation structures. The firm has expertise in all methods of Euro, US and global distribution of asset-backed securities, including Rule 144A and Regulation S offerings, private placements, registered offerings, syndicated loans and conduit financings. Our lawyers have worked closely with all of the major rating agencies and enjoy a high level of trust and credibility with the key decision makers. Our strong reputation with the rating agencies is important in facilitating innovative solutions to difficult structured finance issues and in promoting new and novel products. All 19 offices of the firm are electronically linked, and our network can be extended to clients to facilitate real-time communication. This permits us to work round the clock when the transaction time constraints or the location of participants require this effort. The firm has been involved in the securitisation of most types of assets, across many jurisdictions. |
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Specialty Asset Advisors, Inc., (“SAA”) based in Palm Beach Gardens Fl, is the only consulting firm of its kind in the U.S. that provides advice and counseling in all aspects of the secondary market for structured settlements. SAA provides legal, operational, financing and brokering services to a myriad of clients including originators, servicers, lenders, financial institutions, investors and insurance companies. Andrew S. Hillman, Esquire, Managing Director/CEO was a pioneer in this industry, having been a key participant in the development and growth of the industry from its inception. SAA also consults with entities involved in other cash flow businesses such as senior settlements, lotteries and other types of esoteric cash flow assets. Flexibility, thorough knowledge of cash flow assets in general and a broad expertise in the legal aspects of structuring cash flow originations set SAA apart from other firms in this arena. Kindly contact Andrew Hillman at 561-514-6440 or ahillman@specialtyassetadvisors.com for additional information. |
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Who is Vintage Filings LLC? • We’re the fourth most active S.E.C. Filer • The fastest growing EDGAR filer in the U.S. • S.E.C. Filing Agent • We’re Prompt. We’re Precise. We’re Economical With the constant changing requirements in SEC filing regulations for public companies, Vintage Filings, LLC, works in partnership with our clients to file their documents in an accurate and expeditious fashion. As a registered SEC EDGAR Filing Agent, we provide full service EDGAR filings in a prompt manner enabling public companies and their attorneys to stay focused on their core business. Vintage Filings, LLC provides EDGAR filing solutions for public companies, investment management firms, mutual funds, law firms and individuals that need to file periodically with the SEC in the required EDGAR format. Why have 1,000+ Public Companies and Mutual Funds switched to Vintage Filings over the last 3 years? • Dedicated Account Management 24/7 • No weekend and overnight charges • Quick turnaround time • All EDGAR specialists have minimum 5 years experience • Focused competitive pricing • Full print & typeset services for IPO’s Prospectus filings, Proxy Statements, Annual Reports and much more. |
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Walkers is one of the Cayman Island's largest and most innovative law firms. Our lawyers’ experience, expertise and dedication to providing clients with the most responsive, efficient, expert legal advice available, allows Walkers not simply to meet, but to exceed its clients’ expectations. With a total staff of over 250 in the Cayman Islands, British Virgin Islands, Hong Kong and London, Walkers has an international reputation for quality and responsiveness. We focus principally on corporate and international finance law with an emphasis on capital markets and structured finance, investment funds and asset finance. Walkers also has the largest commercial litigation department in the Cayman Islands and an experienced private client and trust department as well as specialist banking, e-commerce, corporate recovery and insolvency, insurance and regulatory groups. |
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Wall Street Analytics is a worldwide leader providing a suite of sophisticated software products and services to the structured finance markets. The company provides products, services and support to more than 100 clients around the world including leading asset management firms, investment banks, trustees, and institutional investors. Its CDOnet, CDOcalc, Structured Finance Workstation, Bond Administration Workstation and Portfolio Management Workstation products are widely recognized for their unique abilities to support detailed analysis of the most sophisticated structured debt products including, collateralized debt obligations (CDOs), mortgage-backed securities (MBS) and asset-backed securities (ABS). Founded in 1987, the company serves the markets from its three main locations in New York, San Francisco and London. For more information, interested parties can visit the company’s website at www.wsainc.com |
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WaMu Capital Corp., with offices in Seattle, New York, Chicago and Southern California, is a rapidly growing broker dealer committed to serving the needs of institutional mortgage originators and investors across the country. Through our affiliation with the Washington Mutual companies, WaMu Capital Corp. has access to one of the nation’s largest inventories of mortgage collateral and mortgage-backed securities. Through this affiliation, institutional mortgage investors have the ability to work with one of the nation’s leading residential lenders. At WaMu Capital Corp. we create and trade a vast array of mortgage product customized to the needs of our investing partners. WaMu Capital Corp. – visit us at the 2005 ABS East Conference and see how we can help deliver significant value relating to your investment decisions. |
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Weiser LLP is among our nation’s oldest and most prominent accounting and consulting firms. For nearly a century, Weiser has met the accounting, auditing, tax, management information, and financial advisory needs of high net worth individuals and the owners and managers of closely held businesses. Today, our firm ranks as one of the top 20 accounting and consulting firms in the country. With offices in New York City, Long Island, Westchester, and Edison, New Jersey, Weiser has created an organization that yields strong client relations and excellent services. Further, our commitment to service extends beyond the financial report or tax return. We actively seek to help our clients achieve their business goals. Our partners and professional staff set Weiser apart. We develop innovative solutions to the complex business needs of our clients. Clearly, we are committed to helping our clients succeed. Over the years, Weiser had developed a special synergy of experience, expertise, and foresight among its professionals who work closely with the financial and investment communities. Our structured finance capabilities cover all stages of the transaction cycle. From inception to completion, Weiser works with specialty finance, leasing companies, issuers, underwriters, lenders, financial guarantors, trustees, investors, and attorneys on every step of the process to ensure an effective and efficient transaction. Advisory and Pre-transaction Services • Management and financial reporting • Review of policies and procedures manuals • Review of systems and controls • Operational and credit analysis • Tax planning and optimization strategies • Accounting and auditing • Portfolio review • Agreed-upon procedures reports Transaction Services • Agreed-upon procedures • Due diligence • Asset data stratification • Collateral file reviews • Portfolio re-underwriting • Compliance testing • Cash flow modeling Post-transaction Services • Compliance review • Payment date verification • Investor reporting • Surveillance services • Operational reviews • Financial statement audits • Compliance and advisory Troubles Situation Services • Forensic Accounting • Fraud examinations • Business record reconstruction • Expert witness • Damage and claim quantifications • Collateral analysis • Liquidation analysis • Reconciliation projects • Turnaround and restructuring services • Bankruptcy services Ongoing Client Services • Audit and accounting • Tax compliance and advisory • Operations review • Business strategy • Issuer planning and preparation • Mergers and acquisitions • Forecasts and projections • Valuations • Structuring and funding alternatives • High net-worth individual and estate planning |
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For over one hundred years, Wilmington Trust, one of the leading financial and wealth management organizations in the United States, has served the fiduciary and financial needs of businesses around the globe. Wilmington Trust is an expert in trustee and special purpose (SP) services for structured finance transactions worldwide and provides specialized and customized services for over 12,000 capital markets transactions through our own office locations and through our affiliates in California, Delaware, Nevada, New York, London, Dublin, Milan, the Channel Islands, and the Cayman Islands. With a thirty-year track record in the Corporate Client Services industry and a client base spanning fifty countries on six continents, Wilmington Trust has earned an international reputation as one of the world's leading providers of trust services for securitizations in every asset class. For more information please contact Don MacKelcan, Senior Vice President and Division Manager, at 302.636.6071 or Pat Evans, Assistant Vice President at 302.636.6104 or visit us at www.wilmingtontrust.com. |
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Euroweek is the only newspaper written specifically for the international capital markets. It delivers hard news on the deals, the people and the driving forces behind the world\'s toughest markets. Essential reading for all those involved in international finance. To see for yourself go to www.euroweek.com. |
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Structured Finance International is the must read publication for anyone involved in the securitisation market. The magazine combines hard hitting, well-researched and authoritative features with the depth of practical and reliable information and analysis that is simply unavailable anywhere else. |
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absreports.com is the only comprehensive online service to focus exclusively on the European ABS, MBS and CDO market. We aim to publish all the latest European deal data, collateral performance reports, securities pricing, news and research on one centralised website. Simple functionality provides subscribers with access to our entire archive of deal information and documentation needed in today’s hectic markets to rapidly reach the right conclusion about deal performance and market opportunity. absreports.com saves clients time searching for hard to get data and provides the means to identify emerging deal and asset class trends early. absreports.com is the knowledge resource of choice for everyone involved with the European ABS market. |
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The premier guide to the asset and mortgage-backed securitization industry, Asset Securitization Report provides comprehensive, in-depth analysis and unique perspective on the emerging securitization markets. Asset Securitization Report features inclusive coverage of the national and international securitization markets as well as a full account of the mortgage-backed securities market. The publication is the leading source of knowledge for market trends, regulations, and developments that affect the entire industry. For further information please visit us on our website at www.asreport.com. |
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SPOT FRESH OPPORTUNITIES IN SECURITIZATION Every week, Asset-Backed Alert steers subscribers to money-making deals in the global market for securitized consumer loans, home mortgages and corporate receivables. The newsletter also guarantees your edge in the growing CDO market. See for yourself by signing up for a three-issue FREE trial subscription to Asset-Backed Alert. To start your free trial, call 201-659-1700 or visit www.ABAlert.com. |
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BondWeek (BW) focuses specifically on the taxable fixed income and credit markets. Each weekly issue of BondWeek includes breaking news and analysis of asset- and mortgage-backed securities, investment grade and high yield corporates, agency and government bonds. Regular features include investment strategies, emerging trends, interest rate analysis and forecasts, economic regulatory developments and new technology – and how they will affect the U.S. and overseas bond markets. For a free trial subscription please call 212.224.3096 or visit our website at www.bondweek.com. |
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SPOT NEW OPPORTUNITIES IN REAL ESTATE FINANCE Every week, Commercial Mortgage Alert delivers hard-to-get, money-making leads to professionals in the global CMBS and REIT-debt markets. Start your FREE trial subscription to see how Commercial Mortgage Alert: * Tips you off to the latest developments in the booming CMBS market. * Covers conduits and other lenders battling for mortgage business. * Identifies REITs preparing to tap the market for unsecured bonds. To start your free-trial subscription, call 201-659-1700 or visit www.CMAlert.com. |
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Creditflux provides unrivalled news and analysis of the global market for credit derivatives, CDOs and synthetic credit. A subscription-only print and web publication, with quarterly inside guides, and annual who's who and gadgets guides, Creditflux covers new market entrants, product innovations, trading volumes and strategies, people, documentation and regulatory changes. |
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DERIVATIVES WEEK Derivatives Week focuses on all aspects of the global derivatives markets, with reporters in New York, London and Hong Kong. Its goal is to provide subscribers with timely information on what competitors, clients and regulators are doing with derivatives. Topics covered by Derivative Week include interest rate, equity commodity and foreign exchange derivatives, strategies and trades, swaps, hedging, managed futures, exotic options, risk management and people moves. For a Free Trial Subscription, Visit us at www.derivativesweek.com or call Customers Services U.S.: 212-224-3800 8AM-6PM/U.K. London: 44 (0) 207-779-8972/Hong Kong: 852-2842-6950. |
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DOW JONES HIGH YIELD WEEKLY chronicles issuers of high yield debt and major events in the junk bond market, including going-concern doubts, covenant violations, swaps, buybacks, credit facility changes and asset dispositions. You will learn about uniqe investment opportunities and dire situations about to transpire, staying a step ahead of the competition. Insightful columns on the junk bond market and high yield convertibles show you the big picture, while data tables provide the specific information you need to prepare for the week ahead. VISIT WWW.DJNEWSLETTERS.COM, OR CALL 800-223-2274 select prompt 2 TO REQUEST YOUR FREE TRIAL SUBSCRIPTION TODAY! |
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Euromoney magazine\'s monthly in-depth analysis of global capital markets, benchmark polls and awards, and unrivalled access to key figures in the industry make it an invaluable resource for financial decision makers. To sample the benefits of Euromoney for free, call Mishal Karia on +44 (0)207 779 8032, email mkaria@euromoneyplc.com (quoting code IMN) or visit www.euromoney.com. |
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Euromoney's new Structured Credit Products Handbook unites an editorial board of globally acclaimed practitioners and senior capital markets professionals with the aim of illustrating how the market in credit is being radically transformed. A directory of over 1,500 individual contacts in the field of structured finance serves as an effective 'who's who' guide. Pick up your complimentary copy at the conference! |
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FREE SAMPLE ISSUE FOR CAPITAL MARKETS PROFESSIONALS Only Global Investment Technology offers decision-makers a sharply focused business perspective on the evolving securities and investment marketplace. Plus a wealth of up-to-the-minute information on software and electronic services to help you stay ahead, whether your focus is the US market or overseas. Ensure your place in the 21st century. Call or fax us for a free sample issue today. Tel: (212) 370-3700. Fax: (212) 370-4606. |
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Globe White Page Ltd, in association with Deutsche Bank, publishes the annual guide Global Securitisation and Structured Finance. This book is one in a range of high-quality, innovative products for the world\'s legal and business professionals. For more information, contact Tim Dempsey at tdempsey@globewhitepage.com. |
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www.gtnews.com is the number one global information resource for senior finance and treasury professionals. Updated weekly, gtnews provides informed commentary, news and analysis from hundreds of key players throughout the sector. Topics covered include banking, risk, payments, technology, cash management, working capital, outsourcing, capital markets, online trading, careers and systems. gtnews also features news, surveys, job listings, directories, guides, ratings, Q&A forums & events diaries. gtnews is FREE to read so register today at www.gtnews.com |
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Thomson Financial (www.thomson.com/financial) is a US$1.5 billion provider of e-information and integrated work solutions to the worldwide financial communities. Through the widest range of products and services in the industry, including Thomson One Analytics, Vestek/Quantec and Datastream, TF helps clients in over 70 countries make better decisions, be more productive and achieve superior results. For more information, please contact Anthony Mervin on (612) 9225 3199 or email: anthony.mervin@tfn.com. |
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Inside MBS & ABS - If you’re involved in issuing, underwriting, investing, research, rating or trading MBS (mortgage-backed securities) and ABS (asset-backed securities), this publication is for you. Since 1985 Inside MBS & ABS has been the secondary mortgage market’s premier source of news and data on the agency MBS, CMO/REMIC, and private-label MBS markets. For a free trial subscription call us at (301) 951-1240, or visit our website at www.imfpubs.com. |
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International Securitization & Structured Finance Report is a twice monthy newsletter devoted to reporting and analyzing asset-backed securitization transactions and structured finance in international markets. Covers innovative product trends, issuer considerations, regulatory matters, and tax and accounting considerations. Examines what is working in emerging markets and spotlights unique global transactions. For more information or to order your free three issue trial contact us at margot@wtexec.com; Tel: (978) 287-0301; Fax: (978) 287-0302; or visit our web site: http://www.wtexec.com/secur.html |
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Published by Institutional Investor, Inc., The Journal of Fixed Income is written specifically for readers who want technical, sophisticated information on Mortgage-backed securities, High-yield bonds, futures, Swaps, Options, Municipal and global bonds, Asset-backed securities, Fixed income mutual funds, and more. It is filled with penetrating analysis from leading financial practitioners, and academics. To get a RISK-FREE TRIAL copy of JFI, call Customer Service at (212) 224-3066; email us at info@iijournals.com, or visit us at www.iijfi.com. |
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Securitization News is the one publication that covers the entire global structured finance and securitization markets. Each weekly issue provides the latest news on deals, trends, innovative financing techniques, investment strategies, regulation and other critical issues. Sign up for 4 FREE issues today and find out for yourself how Securitization News will help you increase your business. Call 212-224-3457 or visit our website at www.securitizationnews.com. |
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SNL Financial is the recognized authority for timely, accurate, comprehensive, and relevant information on the banking, specialized financial services, real estate, insurance, and energy industries. Through its database services, electronic and online newsletters, data publications, and custom research, SNL provides leading industry professionals, executives, and investors with key financial, market, corporate, and M&A data alongside breaking news and analysis. |
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The Journal of Structured Finance offers insightful, comprehensive research and commentary on all aspects of structured and project finance for the practitioner, by the practitioner. Ranging from regulatory, financial and legal aspects of project finance deals, to environmental and political issues, JSF zeroes in on a particular sector or deal to show what works in this increasingly sophisticated area. For more information go to www.iijsf.com or call 1-800-437-9997. |
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The only publication that focuses on the US credit markets. US Credit aims to advance debate within the credit and credit derivatives markets in an effort to promote best practice, highlight inefficiencies, encourage transparency and expose attempts to undermine value for credit investors. It is already established as an essential business tool for professionals requiring authoritative news on the North American corporate debt and credit derivative markets. For a FREE trial and more information visit: www.creditmag.com. |
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vFinance, Inc. is a financial services company that provides personalized investment banking and brokerage services to 10,000+ clients. vfinance.com is the #1 destination for companies seeking capital, as well as institutional and high net-worth investors seeking dynamic high-growth companies. The site hosts 1M+ Investors and CEOs from 50+ countries annually. vFinance, Inc. World Headquarters 3010 North Military Trail Suite 300 Boca Raton, FL 33431 800.266-8023 561.981.1000 |