Mercedes shifts auto ABS diesel pool with risk transfer

Daimler_Mercedes_Benz_Logo_29June2017_PA_230x150
By Tom Brown
25 Jun 2019

Mercedes-Benz Bank is bringing a cash risk transfer deal to market via HSBC dubbed Silver Arrow 10, a German auto securitization set to comply with the ‘simple, transparent and standardised’ (STS) regulatory framework.

The deal has four tranches on offer, as well as a privately placed equity tranche.

“They have a reasonably sized balance sheet,” said a senior securitization banker close to the deal. “This gives them a channel where they can originate, get some asset off their balance sheet and pursue ...

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.