130 Servicing

What 130 Servicing does

130 Servicing (legal entity Centotrenta Servicing S.p.A.) is an Italian securitisation services specialist headquartered in Milan with an operational office in Lecce, operating continuously in the Italian securitisation market since 1999. The firm delivers a full-lifecycle suite of master servicing and advisory services to asset management companies (Società di Gestione del Risparmio, SGRs), institutional investors, and financial intermediaries (Società di Intermediazione Mobiliare e Finanziaria, SIMs), operating under Italian Law 130/1999, EU Securitisation Regulation (Reg. UE 2017/2402), and Banca d'Italia supervision. Its service catalogue comprises eight interconnected modules — consulting and structuring, SPV constitution and directorship, servicer/special servicer, corporate services, RON (Registered Note Administration), ASSETCO administrative management, calculation agent, and monitoring/reporting — supplemented by a Whistleblowing Platform built under D.Lgs 24/2023.

Underlying the service delivery is a proprietary IT platform used for transaction management, investor reporting, and ongoing monitoring across the firm's 250+ securitisation operations, 230+ servicer mandates, 2,500+ portfolio purchases, and €26,000+M of assets under administration. Service delivery emphasises independent board directorship on SPVs to mitigate conflicts of interest, all-inclusive fee structures, and a flexible servicing team.

The business model is a hybrid of recurring master servicing fees (subscription-style, tied to the multi-year life of each securitisation transaction) and project-based advisory and structuring fees. Go-to-market is direct enterprise field sales to Italian financial institutions, supplemented since September 2023 by referral and cross-sell channels through Base Digitale Group (wholly-owned by Sesa S.p.A., Euronext STAR Milano), which acquired a 51% controlling stake with Banca d'Italia authorisation. Annual revenues are approximately €15 million with a ~20% EBITDA margin, supporting a stable, profitable specialist profile rather than a venture-scale growth profile.

Name

130 Servicing

Legal name

Centotrenta Servicing S.p.A.

Website

https://centotrenta.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

130 Servicing is an Italian securitisation services firm providing master servicing, SPV directorship, calculation agent, and advisory services to SGRs, institutional investors, and financial intermediaries under Italian Law 130/1999, managing €26B+ across 250+ operations.

Ownership category

akta.pro rank

Product category

Securitisation Services

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Miscellaneous Intermediation (52391)

SIC

Finance Services (6199)

akta.pro primary industry

Master Servicing (Private-Label/MBS Oversight & Investor Reporting) (FSALAEAE)

akta.pro secondary industries

Servicing, Special Servicing & Workout (FSACACAK), Securitization Administration & Deal Services (Trustee, Custodian, Paying Agent) (FSALAFAK), Commercial Mortgage Servicing & Asset Management (Master/Special) (FSALADAJ)

Keywords

• Securitisation services
• Master servicing
• SPV administration
• Asset management advisory
• Calculation agent services

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Master Servicing Fees: Ongoing servicing fees for SPV administration, calculation agent services, and monitoring/reporting functions. Revenue is recurring in nature as the company acts as servicer for the life of securitisation transactions.
2. Advisory and Structuring Fees: Consulting and structuring services for securitisation operations, SPV creation and directorship services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

130 Servicing provides integrated securitisation services under Italian Law 130/1999 for asset management companies, institutional investors, and financial intermediaries. Core offerings span the full securitisation lifecycle: consulting and structuring, SPV constitution and directorship, master and special servicing, corporate services, RON (registered note) administration, ASSETCO administrative management, calculation agent services, and monitoring/reporting. The company also provides a digital Whistleblowing Platform for client compliance with EU Directive 2019/1937.

Product overview

130 Servicing operates as a securitisation services provider offering an integrated suite of master servicing, special servicing, and advisory solutions. The portfolio includes eight interconnected service modules: Consulting and Structuring (transaction setup), SPVs and Directorship (vehicle management), Servicer/Special Servicer (portfolio management), Corporate Services Provider, RON administration, ASSETCO management, Calculation Agent, and Monitoring & Reporting. Additional services include a Whistleblowing platform. The company manages 250+ securitisation operations, 230+ servicer roles, and 2,500+ portfolio purchases with €26 billion+ in assets under management, serving as a neutral third party with independent governance.

Differentiator

Problem solved

Functional benefit

Products and services

• Consulting and Structuring Advisory services for structuring securitisation transactions, including operational setup and quality standard compliance for originators, arrangers, and investors.
• SPVs and Directorship Special Purpose Vehicle constitution and management, including independent board member appointments to avoid conflict of interest situations.
• Servicer / Special Servicer Master servicing and special servicing for securitisation transactions under Italian Law 130/1999, covering diverse asset portfolios across 230+ servicer roles.
• Corporate Services Provider Administrative and corporate governance services for SPVs and vehicles, supporting operational continuity and regulatory compliance.
• RON (Registered Note Administration) Administration and management of registered notes, facilitating debt instrument registration and transfer processes for securitisation transactions.
• ASSETCO Administrative Management Administrative management services for asset-holding companies, including portfolio oversight and asset tracking.
• Calculation Agent Financial calculation services for securitisation transactions, including interest calculations, waterfall distributions, and payment date determinations.
• Monitoring and Reporting Investor reporting and transaction monitoring services, including periodic reporting to investors and regulatory compliance reporting to authorities such as Banca d'Italia.
• Whistleblowing Platform Digital reporting system for violations pursuant to D.Lgs 24/2023 (EU Directive 2019/1937), featuring anonymous reporting capabilities and compliance tracking for anti-corruption and integrity violations.

Quantifiable outcome

• 250+ securitisation operations completed
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• IQ-EQ: Global administrator providing corporate services, SPV management, and fund administration. Comparable SPV and corporate services offering; competes for larger cross-border mandates that may eventually extend into Italian securitisation.
• Maples Group: International law-firm-affiliated services group offering SPV administration, fiduciary, and corporate services. Comparable in SPV directorship and corporate governance for securitisation vehicles, primarily outside Italy.
• Intertrust (CSC): Major international corporate services and SPV administration platform (Intertrust was acquired by CSC). Comparable service lines to 130 Servicing's corporate services and SPV directorship, but operating globally rather than focused on Italian securitisation.
• Apex Group: Large global financial services provider offering fund administration, corporate services, and securitisation servicing (following acquisition of Sanne Group). Overlaps with 130 Servicing across the corporate services and SPV management stack.
• Citco Group of Companies: Global asset servicing and corporate management firm with SPV administration, corporate services, and fund services capabilities. Comparable in SPV and corporate administration but operating at much larger global scale.
• TMF Group: Global provider of corporate services, SPV administration, and fiduciary services including securitisation servicing across multiple jurisdictions. Overlap with 130 Servicing in SPV directorship and corporate services, but at much broader international scale.
• Computershare Corporate Trust: Major global corporate trust and transfer agent with securitisation trustee and servicing capabilities, particularly in the US MBS market. Comparable master/special servicer and trustee-adjacent functions but US-centric.

Direct peers

• Banca Finint: Italian financial group providing master servicing, corporate services, and calculation agent functions for Italian securitisation transactions under Law 130/1999. Directly comparable in product mix, regulatory framework, and target client base (SGRs, banks, institutional investors).
• Securitisation Services S.p.A. Italy-domiciled servicer focused on master and special servicing for securitisation vehicles, SPV directorship, and reporting. Closest direct competitor in the same Italian regulatory niche.

Regional players

• Wilmington Trust: US-headquartered corporate trust and securities services provider (part of M&T Bank) offering master/special servicing for US securitisation. Functionally comparable role in securitisation servicing but operates primarily in US markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/centotrenta-servicing-s.p.a./mycompany/?viewAsMember=true

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 130 Servicing