ING wins the Securitisation Award 2014 with Orange Lion 2013-10. The audience of the Securitisation Event considered this initiative to have had the most significant positive contribution to the securitisation market.
Orange Lion 2013-10 represents an innovative pass-through securitisation, which accomplished a de-recognition of WestlandUtrecht Bank residential mortgage portfolio by placing the entire capital structure and including certain innovative structural features.
Léon Maagdenberg (ING Bank) was very pleased with the award: “We really appreciate it. It is a real recognition for a remarkable transaction which in our view is a landmark transaction. One where we achieved the de-recognition of a portfolio of our balance sheet.”
The other nominees were Cartesian Residential Mortgages 1 S.A. (Venn Partners), Adriana Infrastructure CLO 2008-I B.V. (NIBC), Atlantes SME 3 (Banif and arranger StormHarbour). Together with Orange Lion 2013-10 (ING) these initiatives were nominated in March 2014 by an independent advisory board. It was ING that received the most votes from the audience.
Geplaatst op: 28 maart 2014
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