Securitization
CIBC World Markets is a leading firm in the Canadian securitization market. Our strength lies in our specialized expertise, and innovative approaches to successfully execute on new sellers, new asset classes and new structures.
CIBC World Markets arranges securitization transactions through a number of multi-seller commercial paper conduits and through single-seller conduits issuing Asset-Backed Commercial Paper (ABCP) and Medium Term Notes (MTN).
Securitized asset classes include:
- Auto Loans and Leases
- Credit Cards
- Residential and Commercial Mortgages
- Trade Receivables
- Franchise Loans
- Leases and Loans backed by Equipment Receivables
- Mutual Fund Fees
- Private Equity Partnerships
- Collateralized Debt Obligations
Our securitization sales and structuring team includes professionals in the fields of accounting, tax, law, financial institution regulations, and numerous individuals with extensive cash flow modeling and data management expertise. This experience and knowledge ensures that our in-house team can quickly and effectively implement the solution to any transaction issue.
Administration & Reporting
A cornerstone of our ability to execute and manage a significant number of transactions is our commitment to a strong administration platform. Our substantial administration team is dedicated to the administration and monitoring of our multi-seller conduits and single-seller conduit securitization structures. Key functions include: treasury and cash management, asset quality review and monitoring, accounting and statutory reporting, monthly swap valuations, hedge monitoring, and Management Information System (MIS) support and development. We are the administrator for a number of third-party securitization structures, which includes the fast growing Canada Housing Trust, a CMHC-sponsored multi-seller conduit that has issued over CAD$80 billion of bullet bonds to date.