We are the back up servicer on over £1.6 billion in ABS term and warehouse facilities covering equipment finance, asset finance, auto finance, consumer receivables and commercial loans.
Rated at Level 2 - High Performance by Fitch Ratings
Assets under management
Loans under watch
A commitment to support in the event of Primary Servicer and/or Originator failures
Perform Due Diligence; assessment of Operational Risks & Controls; Portfolio Performance; 3rd Party Suppliers; Financial Operations; Technology
Data verification and proof of concept; Validation of portfolio data; Prime balance reconciliations; Data governance; System mapping
Invocation Planning; Design and delivery of the Transfer Plan
Portfolio Management Services; Step in and collect out replacement services
We are experienced in managing ABS portfolios on behalf of:
- Investment Banks
- Merchant Banks
- Development Banks
- Challenger/Neo Banks
- Originators of instalment credit
- Private Equity funds
Cold standby - 90 days
In a Cold Standby there is minimal preliminary transition preparation. This keeps Standby Costs at a minimum but the trade off is the speed in which replacement servicing can be delivered following an invocation event, when mitigating loss is the main objective.
Warm standby - 30-60 days
In a Warm Standby regular system to system data mapping, verification and validation is completed reducing friction in the post invocation transfer of services.
Hot standby - immediate
In a Hot Standby replacement services can be commenced at anytime. Generally, data will be uploaded from the primary servicer more frequently. In many cases shadow servicing is undertaken ensuring a seamless transfer. Alternatively, where Escrow arrangements are in place, we can step in and run incumbent systems.
Get in touch
Give us a call01244 957236
Drop us an firstname.lastname@example.org
Find us1st Floor, Vista St David's Park Ewloe, Flintshire CH5 3DT