Services

Wilmington Trust provides all Management, Trustee and Administration-Services to SPVs, which are required for securitization transactions and all forms of  non operative Trusteeships in Germany.

Management and Administration of Special Purpose Vehicles according to the individual transaction structure:

• Independent and conflict free Managing Directors
• Legal seat of the SPV
• Corporate compliance: observation of all statutory obligations
• Day-to-day administration and communication
• Accounting, preparation of the annual accounts and support of the audit (upon request also monthly account statements according to local GAAP and IFRS)
• VAT filing and monitoring of the annual tax decleration
• Liquidation of the SPV, if not mandated with TSI

Other Functions:

• Security/Verification/Note Trustee *
• Data Trustee *
• Calculation Agent/Investor Reporting
• Cash-Management
• Collateral Agent
• Share Trustee
• Other non-typical forms of trusteeship

* if required via our sister companies in London or Dublin

Company Profile

Wilmington Trust SP (Services) Frankfurt GmbH with about 100 mandated securitization SPVs and a securitization volume of appr. EUR 130 bln. is market leader in Germany. Based on our vast practical experience we are able to meet the highest quality standard. Our personal mentoring for each mandated transaction ensures continuous readiness for information as well as short response times.

Wilmington Trust supports securitisations and trusteeships worldwide. Our ultimate parent, M&T Bank Corp. in Buffalo/New York-USA, belongs to the 20 biggest financial services providers in the U.S. with a history of more than 150 years and is listed at the NYSE. M&T Bank has obtained a favorable issuer rating by the prominent agencies (Fitch: "A-", S&P: "A-", "Moody’s "A3"). Wilmington Trust as international Corporate Client Services division within the M&T Bank group serves customers in 86 countries and more than 2,600 SPVs, thereof more than 650 outside USA. Within Europe Wilmington Trust is represented via subsidiaries at all important European securitization centers (i.e. London, Dublin, Jersey and Frankfurt).