PCS stamps Storm RMBS deal with first STS label

By Tom Brown
26 Mar 2019

A securitization from Obvion, Storm 2019-1, will be the first RMBS deal to receive verification from third-party verifier Prime Collateralised Securities (PCS) and the first Dutch securitization to qualify for the simple, transparent and standardised (STS) regulatory designation.

PCS was authorised as third-party verifier by the Financial Conduct Authority (FCA) last Tuesday, March 19, after the first third-party verifier was set up via True Sale International (TSI) and granted authorisation through German regulator BaFin. The deal is the second ever STS transaction to be announced, following Volkswagen’s STS ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.