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ViViBanca S.p.A. implements new securitisation of salary secured loans

July 2024

Client(s) ViViBanca S.p.A.

Jones Day advised ViViBanca S.p.A. on the implementation of a new securitisation of salary secured loans originated by ViViBanca. The transaction was implemented under the Italian securitisation law and provides for the issuance of several classes of notes, with a "tap issuance" structure. The transaction was structured in accordance with the European regulation on "simple, transparent, and standardized" (STS) securitizations under Regulation (EU) 2402/2017. Prime Collateralised Securities (PCS) EU SAS acted as the third party verifier of these requirements.

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