Knowledge Base

← Collective Investment / Third-Party Asset Management

Questions

What percentage of risk must the originator retain in an STS securitization under the European regulation?

2%
3%
5%
7%

What is the main purpose of securitization vehicles according to the Code monétaire et financier?

Finance real estate projects without guarantees
Transform illiquid assets into tradable instruments
Regulate financial markets without AMF intervention
Avoid any supervision by the AMF

What are the two statuses created by ordonnance No. 2013-544 to replace specialized financial institutions?

Specialized credit institution
Financing company
Universal bank
Public financial institution

What are the two main legal forms of securitization vehicles in France?

Securitization fund
Securitization company
Standard public limited company
Real estate investment fund

Unitholders of a securitization fund are liable for debts beyond the issue value of their units.

True
False

The management company must obtain a specific authorization from the AMF to manage a securitization vehicle.

True
False

STS label (securitization)

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

Doubtful receivables
Ordonnance No. 2008-556
Derivative financial instruments
Articles L. 214-169
Categories:

Eligible assets

Legal provisions