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By Alexander BÄHN and Markus ZENZ, PwC Luxembourg
For the second time in a row, PwC has launched a survey on the Luxembourg securitisation market including the impact of the Covid-19 pandemic.
Creation of multiple compartments as a unique selling point
The survey pointed out that one of the main advantages of Luxembourg for securitisation is the legal possibility to create multiple compartments. 90% of the respondents mainly serve multi-compartment vehicles, with almost two thirds of these vehicles having between two and 10 active compartments and a quarter between 11 and 50 active compartments, some even several hundreds. The average of total assets under (passive) management per vehicle is usually above...
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