Portfolio securitisation

If you require a standby servicer for the securitisation of a finance portfolio, you will need someone with the appropriate administrative infrastructure and in-depth experience of the finance and leasing sector.

With 15 years’ experience as a standby servicer for securitisations, LPM Outsourcing is a tried and tested partner who will prepare and maintain a comprehensive contingency plan for you. And we will be poised to take full management control of the portfolio on the day you appoint us.

Peace of mind A full contingency plan will be in place, from day one.
Pro rata standby costs We won’t charge you a fixed ‘one size fits all’ standby cost. Instead we charge on a sliding scale, according to portfolio size, condition and risk factors.
Regular due diligence reviews Our regular reviews of the primary servicer systems and its organisation provides a valid independent view of your risk.
Immediate substitute for primary servicer We will take management control of the portfolio on the same day that you appoint us.
Fast data transfer If data transfer is necessary, we will complete this within six to eight weeks of taking control.
Low initial take-on costs All you pay for is the data transfer and system configuration.
Immediate pool of expert resources From day one, a team of highly experienced staff will be available to you, ready and waiting to take over.
A bespoke system All the necessary processes and procedures will be set up for you, carefully engineered to meet the needs of the portfolio.
Detailed reporting With our clear and detailed arrears reporting, you will always be kept well informed on the status of your customer payments.
A guaranteed level of service Our emphasis on service delivery means you will receive high levels of performance and operating standards, written into our contract with you.
Reduced risk We have robust, tried and tested, disaster recovery procedures in place to ensure business continuity.
Client:
Anglo Leasing PLC
Service delivered:
Standby servicer to a securitisation
Gross receivables:
£240 million
Business volumes:
90,000 agreements

The client’s requirement:

The Lead Manager and Trustees of a securitisation programme required a standby servicer with an appropriate administrative infrastructure and in depth experience in the finance and leasing sector. The standby servicer would be contracted to step in as a substitute primary servicer if required.

The securitisation covered a £240 million portfolio of finance agreements in the office equipment sector.

LPM Outsourcing’s programme of action:

  • We analysed the host system and carried out a number of customisations to our own system to accommodate a full data transfer. The data transfer was successfully completed and reconciled in a 'proof of concept' exercise.
  • We developed a comprehensive contingency plan, which was updated and maintained in accordance with changes in the primary servicer organisation and system for the duration of the securitisation.