2nd edition common terms in structured finance

8/9/2019 2nd Edition Common Terms in Structured Finance

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COMMON TERMS in STRUCTURED FINANCE

www.tpw.com

2nd edition with definitions for Covered

Bonds, Free Writing Prospectus,Reformation, Reverse Mortgage, Rule 159

and Securities Offering Reform.


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Thacher Proffitt

is a leading

law firm to the

structured finance

and financial services

industries.

A B R I E F H I S T O RY


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B A S I C S O N H O W T H E

To securitize a loan, a special pur-

pose entity (SPE) is created. The

form of the SPE structure may vary

depending on the type of loans to be

securitized. In most cases, the owner

of each pool of loans transfers them

to a separate SPE.

Thacher Proffitt counsels lenders of

all sizes on loan pooling, creating

special purpose entities, issuing

securities and monitoring their

compliance with SEC regulations.

Lenders provide borrowers with

loans. While borrowers now use the

funds and can repay loans with

interest over time, the lenders are

left with the debt. To replenish their

coffers and continue the business of

extending new loans, lenders

periodically pool and securitize

the loans they have extended.

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Thacher Proffitt is a preeminent law firm in the

field of securitization and structured finance.

Thacher Proffitt has consistently led the industrys

evolution since its origin over 20 years ago.

Our Structured Finance Practice Group includes

more than 100 of the Firms 300+ attorneys

who provide clients with the critical mass of

resources and experience necessary to provide the

highest level of legal representation for anytransaction.

We represent issuers, underwriters, insurers,

servicers, trustees and all other transaction

participants in virtually every type of securitization

and financing transaction, throughout the

United States, Latin America, Europe and Asia.

Residential and Commercial

Mortgage Securitization

Asset-Backed Securitization

Cash and Synthetic CDOs

Financing of Financial Assets

Global Securitization and Finance

Leasing and Lease Securitization

Purchase, Sale and Servicing of

Financial Assets

Real Estate Investment Trusts

Swaps and Derivatives

Regulatory Compliance


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www.tpw.com January 2007

Thacher Proffitt & Wood LLP

CREATIVE LEGAL SOLUTIONSFor more than 150 years, Thacher Proffitt has led the way in creating andimplementing innovative, workable solutions that bring finance and businesstogether. Our strong focus and in-depth experience, combined with our

relationships with major financial institutions, help investors and principalsworldwide put capital to work.

Real EstateStructured FinanceTaxTechnology and Intellectual PropertyTrusts and Estates

Bankruptcy and Creditors RightsCompensation and BenefitsCorporate and SecuritiesFinancial InstitutionsInvestment Funds and Investment AdvisorsLitigation and Dispute Resolution

WASHINGTON, DC

1700 Pennsylvania Avenue, NW

Washington, DC 20006

202.347.8400

Fax: 202.626.1930

WHITE PLAINS, NY

50 Main Street

White Plains, NY 10606

914.421.4100

Fax: 914.421.4150

SUMMIT, NJ

25 DeForest Avenue

Summit, NJ 07901

908.598.5700

Fax: 908.598.5710

MXICO CITY, MXICO

Thacher Proffitt & Wood, S.C.

Paseo de Tamarindos

No. 400-B Piso 22

Col. Bosques de las Lomas

05120, Mxico D.F.

Mxico

+(52) (55) 3000.0600

Fax: +(52) (55) 3000.0698 or 0699

NEW YORK, NY

Two World Financial Center

New York, NY 10281

212.912.7400

Fax: 212.912.7751

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