WAIT, WHAT? I CAN HAVE MY OWN SECURITIZATION VEHICLE?!?

Be in full control of the securitization of alternative assets and securities lifecycle management for you or your EU and Swiss investors

HostedDedicated

YOORO

On the mission to democratize access to alternative assets

Turn your ideas into a reality

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Wealth Managers and Private Banks

Family Offices

Investment Arrangers

  • Need to streamline the investment process in alternative assets for your investor’s managed portfolios?
  • Cannot reach the individual minimum ticket for a fab investment you scouted and need to pool together various of your investors in a single investment subscriber?
  • Do some of your investors have non-bankable assets that they wish to use as collateral to obtain a bank loan?

Get Started

  • Need to streamline the investment process in alternative assets for the family(ies) you represent?
  • Need to create a collective vehicle to co-invest with other investors?
  • Does the family you represent require financing and is invested in a non-bankable asset that it wishes to use as collateral?
  • Looking for a most cost-effective alternative to a trust structure for efficient succession planning?

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  • Did you source an amazing investment opportunity and wish to wrap it into an institutional format that can be actively distributed, is bankable and can be efficiently safe kept, to show to your network of investors?

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Do I Need my Own Vehicle?

Governance

Having full control of the process of issuing and managing the lifecycle of the securities for your investors, which includes deciding how you want the issuer to be organized and what service providers should be using, may be a consideration of paramount importance for you.

If that is the case, a Dedicated solution is for you. It is important to consider that Dedicated solutions are expensive to setup, the setup can be a lengthy process, and their correct management requires a higher involvement from you.

Therefore, such decision should not be taken lightly. Luckily, with our Dedication solution services, we can support and assist you not just over the initial bump, but also once the new vehicle is up and running.

Scalability

If you foresee the need to launch multiple securitization projects for you and your investors, it may be more cost-efficient to setup your own dedicated structure than ‘renting’ a compartment in an existing vehicle, as is the case with our Hosted solution.

While a Hosted solution administration will always cost you the same and is cheaper and faster to launch for small numbers of required securitizations, with a Dedicated once you could benefit from economies of scale if indeed you securitize regularly and in important numbers.

And of course, all the benefits highlighted in Securitization…but why?  still apply!.

How our Hosted Solution works

01

When you accept working with us for a Dedicated solution, we take care of the operational setup of a brand-new Luxembourg securitization vehicle whose corporate governance you will be in charge of. As part of our Dedicated Securitization Vehicle - Setup service, we will assist with the selection of the most suitable and efficient service providers for your new vehicle and lead the process for its onboarding by all of them. And we will assist with the legal work required to prepare the Base Prospectus for your issuances.

02

The initial setup process for a new vehicle is a lengthy process, normally taking around three to four months. Once completed, you are free to manage it in any way you seem fit and take charge of issuances and its day-to-day governance..

03

If you wish for Yooro to keep assisting you with the operational setup of new segregated compartments that will be issuing securities dedicated to your investments in the alternatives space, as part of our Dedicated Debt Security - Issuance Coordination service we will take care of drafting the necessary offering documents for the issuance in question, i.e. the Final Terms and the MiFID Target Market Assessment, if required.

04

Once subscriptions have been received, the security has issued and the compartment is live, if you employ our optional Fractional COO service, we will act as coordinator and supervisor of all the third-party service providers and ensure the smooth day-to-day running of your vehicle.

05

Once live, we manage the segregated compartment throughout its lifetime, taking care of its governance, general administration, accounting, tax compliance, audit, cash management, overall risk and operations management and, eventually, liquidation.

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How having a Dedicated Vahicle Differs from being Hosted

Instrument Type

Launch Timeframe

Governance

Operational Complexity

Legal Drafting

Security Token Offerings

Hosted Securitization

Being hosted by an existing vehicle is normally significantly cheaper for up to your tenth issuance

.However, cost does not reduce as volumes increase, as hosts typically charge the same amount independently from how many issuances you act as promoter of.

Hosted issuances are very fast to launch(That is, if you work with Yooro!).

None is required.

This is something that does not concern you, as the host will take care of everything.

Included in Yooro’s services.

Available

Having a dedicated vehicle is normally substantially more expensive for up to your tenth issuance, as there are fixed costs.

However, cost does reduce as volumes increase, as you are able to spread these fixed costs over an increasing number of compartments.

The first dedicated security issuance takes a considerable amount of time, as the whole structure need to be created from scratch and onboarded by all applicable third-party service providers.

However, once up and running, the subsequent issuances can be as fast to launch as when being hosted.

You are fully in charge of corporate governance, with the benefits and drawbacks that come with it.

With governance comes the need to take care of the day-to-day operational management of the vehicles, its human capital (if any) and its service providers. IT is not for the faint-hearted!

Luckily Yooro is here to assist with its Fraction COO services, where a big load can be unloaded from your shoulders.

Not included in Yooro’s services

Not available unless you develop the whole legal framework and infrastructure yourself.

Your Journey
With Us

1

QUESTIONNAIRE

Click on “Get Started”

Click on ‘Get Started’ to be guided through a brief questionnaire that allows us to tailor the best solution to your needs, whether Hosted or Dedicated.

2

PROPOSAL

Within 24 Hours

We will email you a detailed proposal, including the services we offer and a firm quote, within 24 hours of completing the questionnaire.

3

PAYMENT

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If you accept our proposal, we will request a 25% down payment, with the balance owed only on successful delivery.

4

DELIVERY

We are fast!

While you focus on what matters most, we work our magic and handle the legal and operational setup of your chosen solution. Time-to-market varies on complexity of the underlying investment and the need for a brand-new securitization vehicle, but we ensure a fast process!

How We Compare

Hosted

Dedicated

Debt Security Issuance

Debt Security Admin

Operations and Risk Management

Digital Investment Platform

Dedicated Securitization Vehicle Setup

Debt Security Issuance Coordination

Operations and Risk Management

Debt Security Issuance Coordination

yoroo

From EUR 25,000

EUR 40,000 p.a.

EUR 30,000

EUR 5,000

(only with our Fractional COO Services)

Learn More

Third-party law firm

From EUR 50,000

Learn More

Third-party Admin

From EUR 50,000 p.a+ VAT

Learn More

yoroo

Debt Security Issuance

Debt Security Admin

Operations and Risk Management

Digital Investment Platform

Dedicated Securitization Vehicle Setup

Debt Security Issuance Coordination

Debt Security Issuance Coordination

Debt Security Issuance Coordination

From EUR 25,000

EUR 40,000 p.a.

EUR 5,000

EUR 5,000

(only with our Fractional COO Services)

Third-party law firm

Debt Security Issuance

Debt Security Admin

Operations and Risk Management

Digital Investment Platform

Dedicated Securitization Vehicle Setup

Debt Security Issuance Coordination

Debt Security Issuance Coordination

Debt Security Issuance Coordination

Third-party Admin

Debt Security Issuance

Debt Security Admin

Operations and Risk Management

Digital Investment Platform

Dedicated Securitization Vehicle Setup

Debt Security Issuance Coordination

Debt Security Issuance Coordination

Debt Security Issuance Coordination

From EUR 50,000 p.a+ VAT

Learn More

NOTE: All the above figures are exclusive of VAT, where applicable

Hosted
Dedicated

Debt Security Issuance

Debt Security Admin

Operations and Risk Management

Digital Investment Platform

From EUR 25,000

Eur 40,000 p.a  +

Third-party Law Firm

Digital Security Issuance

Debit Security Admin

Operations and Risk Management

Digital Investment Platform

Third-party Admin

Digital Security Issuance

Debit Security Admin

Operations and Risk Management

Digital Investment Platform

From EUR 50,000 + VAT

Learn More

NOTE: All the above figures are exclusive of VAT, where applicable

Dedicated Securitization Vehicle Setup

Debt Security Issuance Coordination

Operations and Risk Management

Digital Investment platform

EUR 30,000

Eur 5,000

(only with our fractional COO Services)

Third-party Law Firm

Digital Securitization Vehicle Setup

Debt Security Issuance Coordination

Operations and Risk Management

Digital Investment Platform

From EUR 50,000

Third-party Admin

Digital Securitization Vehicle Setup

Debt Security Issuance Coordination

Operations and Risk Management

Digital Investment Platform

Learn More

Common Questions

Read on below for answers to some of the most common ones we’ve already been asked. If you need help getting started, feel free to contact us.

What is the value Yooro adds when creating a brand-new securitization structure ?

Launching a securitization vehicle is usually a lengthy and costly process that involves working with legal counsel and many different service providers that need to be coordinated for an efficient execution. Many lawyers will not assist with finding and onboarding service providers. Our Dedicated Securitization Vehicle  - Setup solution leverages on our founders’ experience and infrastructure we put in place to digitize and streamline this process, making it faster, simpler, and more affordable.

What’s included in the Dedicated Securitization Vehicle Setup service?

Our fees are comprehensive of all that is mandatory to launch and operate a securitization vehicle: incorporation documents or other required legal agreements, notary setup fees, registration with authorities, drafting of offering documents, selection and onboarding of mandatory service providers, bank account opening. Other optional services, such as on-boarding of a paying agent for security dematerialization, onboarding by an exchange, and crypt wallet exchanges can also be taken care of, for an extra fee. Please read carefully What’s Included and What’s Not Included in our Pricing section).

What’s included in the Dedicated Debt Security – Issuance Coordination service?

Our fees cover some services that are required to launch and operate a securitization vehicle compartment: security dematerialization, exchange listing, bank account. It does not include though the legal work required to draft the Final Terms. Please read carefully What’s Included and What’s Not Included in our Pricing section).

What’s included in the Fractional COO service?

Our fees cover our team’s role as your part-time Chief Operating Officer, who will act as your trusted and experienced operations and risk management coordinator, working in conjunction and coordinating all providers servicing your dedicated vehicle, and representing your interest in all instances. Please read carefully What’s Included and What’s Not Included in our Pricing section).

What will be the legal structure  of my dedicated securitisation?

We will help you select one of two legal forms available in Luxembourg under the Luxembourg securitisation law of 22 March 2004, as amended; either that of a securitization company, or of a securitization fund. We will also help you selecting a reliable and experienced third-party management company, in case of a securitization fund, or, for an extra, to setup your own.

Can Yooro help me with distribution in the EU and Switzerland?

We can assist with the appointment of a licensed distributor in selected countries of distribution, if needed.

Why does Yooro do Luxembourg securitizations, of all places in Europe?

Luxembourg is a prime financial domicile within the EU, with a stable economy, a conducive financial industry and solid financial regulations. It is also amongst the most reputable domicile for issuers and funds alike, and financial instruments issued in Luxembourg are well-accepted by investors EU-wide.

Who pays Yooro’s fees?

Set-up costs for both a new dedicated securitization vehicle and for the coordination of a new dedicated security issuance are paid by you, the promoter. On-going costs are charged to the compartment issuing the debt securities, hence to investors.

Will the securitisation vehicle compartment invest all amounts subscribed?

Each compartment will need to keep a cash reserve to meet its financial commitments towards all service providers, which means that a lesser amount than the one subscribed by investors will be available for investment.

Can the securitisation vehicle compartment invest in any asset he wants ?

No, a securitization vehicle is a ‘passive investment’ entity, meaning there is no discretional decision on what assets it can invest in. Rather, it can only use subscription proceeds to make investments in those assets clearly identified in the offering documents.

Still have questions about YOORO?

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