Mercedes shifts auto ABS diesel pool with risk transfer

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 ...

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