Structured Finance Services in the UK

TMF Group has a range of services that enable our clients to administer and effect their financial structures when lending to, investing in or raising capital from the structured finance markets, whether through the use of Special Purpose Vehicles (SPVs) or through direct borrowing.

We also provide a range of support services to transactions, investors and lenders including loan facility and security agent services, cash management and collateral administration, SPV management and trustee services.

Our Structured Finance team has a commercial and efficient approach to deal documentation and Know Your Client (KYC) processes.  Market standard on KYC turnaround can be anything from 4-8 weeks which can cause considerable delays to the deal. If KYC is not approved, this can be valuable time wasted. We are able to turn around KYC requests in a matter of days, providing a quick service which limits potential disruption to closing timetables. We work with all parties to deliver document reviews promptly and in a streamlined manner.

Loan facility and security agent services

With more than 30 years’ experience, our expert team provides the services of the loan facility and security agent in many jurisdictions globally. As an independent service provider, we deliver on a completely non-conflicted basis.

We have invested in the most up-to-date technology (market-leading Misys LoanIQ) for the recording of loans, rates, commitments and lender static data.  In addition, we also use Debtdomain for the dissemination of financial reporting and consent requests. This helps to keep complete and robust control over all transactions on which we are mandated.

Trustee services

TMF Group is a leading independent provider of note and security trustee services with extensive experience of acting as trustee on a wide range of capital markets, banking and other commercial transactions.

We regularly work with leading international investment banks, law firms, investment managers and other market participants on a broad range of structures, asset classes and jurisdictions.

Our experts are customer focused and have experience with a range of complex amendment, restructuring and enforcement processes, enabling us to adapt rapidly to new situations including changes in structuring, timing or market circumstances.

We have extensive experience with a wide range of structures and asset classes including: plain vanilla ABS, asset finance, repacks, distressed assets, high yield bonds, project finance, aircraft financings, securitisations and CDOs, corporate bonds and Islamic finance.

Our global presence allows us to leverage our global offices to support the trust expertise we have in the UK, to the benefit of the transaction and its beneficiaries. Our trust experience means that a diverse range of asset types can be pledged to us under local law alongside the trust appointment. We can then draw on our global network of colleagues if and when local expertise is required, either during initial appointment or in a default or enforcement scenario should it occur.

Cash management and collateral administration

Our cash manager and collateral administration services in the UK are provided by our London office.  The team offers a wealth of experience, having worked in cash administration and reporting across many deal types and structures. We offer a bespoke solution to meet your requirements, and transactions are administered to the highest standards.

Our wide range of services includes:

  • hypothetical testing
  • investor compliance testing
  • waterfall calculations, payments and reporting     
  • portfolio monitoring
  • tailored investor reporting delivered through a safe and secure environment
  • payment date accounting and distribution
  • covenant monitoring
  • warehousing
  • loan administration.

SPV management

The provision of administration, accounting and director services to SPVs is a core service in all TMF Group locations.

It is critical that SPVs are maintained in good legal standing and are fully compliant with all local laws and regulations. Our commitment is to provide outstanding levels of service across the globe, supported by highly competent and experienced practitioners. Our interdisciplinary knowledge and multi-jurisdictional expertise are at your disposal.

In the UK we have a team of SPV accountants and transactional experts to support and manage client entities. Our director services are undertaken by TMF Group employees and TMF Group corporate directors, supported by a strong service delivery team.

To make the SPV as robust and effective as possible, we strive to marry the compliance requirements of the SPV with those of the transactional needs.

The SPVs that we manage are used for a variety of purposes and range from single entity structures, multi UK entities or part of a structure with multiple location SPVs.

The SPV services we provide include:

  • incorporation of the SPV
  • registered address
  • directors
  • company secretarial and board support
  • maintenance of all statutory registers
  • preparation and submission of all returns including annual, corporation tax, VAT
  • preparation of annual accounts
  • provision of interim and management reports
  • provision of shareholders
  • operation of bank accounts.

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