ASSET SECURITIZATION

DZ BANK's Structured Finance Asset Securitization (SFA) offers accounts receivables and lender finance across a broad variety of asset classes.

Since 1999, SFA has executed in excess of $10 billion in transaction volume. Utilizing securitization techniques, we enable our clients to enter the capital markets and become eligible for financing based on the quality of a company's receivable portfolio.  Our clients are often non-rated (or below IG-rated) originators of receivables with relatively predictable cash flows who seek 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, etc.), the company’s ability to underwrite and service the portfolio of receivables and the reputation and experience of its senior management.

Our main competitive advantage lies in our ability to engineer unique financing solutions tailored to a client’s specific funding needs. In addition to providing lines of credit through the bank’s asset-backed commercial paper conduit, Autobahn Funding Company, LLC, DZ BANK provides term securitization placements for its clients through its broker/dealer, DZ Financial Markets, LLC.  

Our focus has historically been on clients who are underserved by traditional financial institutions due to their size, limited operating history or esoteric nature of their receivables portfolio.  Transactions range in size from $25 million to $300 million and can be structured as revolving commitments or term financing up to five years.  Asset classes we have financed or currently cover include:

Consumer
  • Auto loans and leases
 
  • PACE
  • Credit cards
 
  • Solar loans
  • Home improvement loans
 
  • Student loans
  • Medical co-pay receivables
 
  • Tax liens
  • Mortgage loans
 
  • Timeshare receivables
   
Commercial
  • Asset-based loans
 
  • Merchant cash advances
  • Cash and ATM receivables
 
  • Middle-market loans
  • Dental practice loans
 
  • PACE
  • Equipment loans and leases
 
  • Short-term business loans
  • Franchise loans
 
  • Small business loans
  • Fund leverage
 
  • Thoroughbred stud fees
  • Healthcare receivables
 
  • Trade receivables
  • Law firm loans
  
   
Insuranced Linked
  • Insurance commission streams
 
  • Lottery receivables
  • Insurance agency loans
 
  • P&C premium finance loans
  • Life insurance premium finance
 
  • Pre-settlement advances
  • Life settlements
 
  • Structured settlements

In contrast to most other financial institutions, all aspects of the transaction and customer relationship are managed by one designated deal team.  This approach allows us to provide extensive post-closing relationship management in order to accommodate a client's often dynamic business environment.