Securitisation Services

What Securitisation Services does

Securitisation Services S.p.A. is an Italy-headquartered financial services firm specializing in the management, administration, and monitoring of securitisation, covered bond, and structured finance transactions. Founded in 2001 and operating as a wholly-owned subsidiary of Banca Finanziaria Internazionale S.p.A. (Banca Finint), the company delivers a comprehensive one-stop-shop offering to financial institutions, investment banks, funds, and institutional investors. Its service catalogue spans SPV incorporation and management, servicer and master servicer functions, calculation agent and cash management, representative of noteholders/trustee roles, corporate servicer, loan agency services, and advisory — covering more than a dozen asset classes including ABS, CMBS, RMBS, consumer loans, covered bonds, CQS/CQP (salary/pension-backed), infrastructure, lease receivables, SME loans, NPLs, project bonds, public administration receivables, and trade receivables. The firm manages and monitors hundreds of SPV transactions on an ongoing basis.

The company operates from its headquarters in Conegliano (Via Vittorio Alfieri 1), with additional offices in Milan and a subsidiary presence in Luxembourg supporting cross-border European structured finance transactions. Its technology backbone combines an internally developed IT system with industry-leading third-party software to produce payment reports, investor reports, calculation outputs, and cash management instructions. Securitisation Services has been qualified to act as Servicer under Italian Securitisation Law no. 130/1999 since 2001, was first rated by Standard & Poor's as Master Servicer in 2007, achieved the maximum "STRONG" ranking for Master Servicer of ABS, CMBS, and RMBS receivables in 2012 (the first Italian firm to do so), and was enrolled in the Register of Financial Intermediaries under Article 106 of the Italian Banking Act in May 2016. Corporate governance includes a Model 231 framework approved by the Board of Directors in December 2011.

The business model is professional-services based, generating fees from multi-year servicing mandates, transaction-based calculation agent and cash management engagements, corporate servicer roles, trustee/representative functions, and advisory. Distribution is direct enterprise sales to originators, arrangers, servicers, and investors embedded in securitisation transactions; pricing is quote-based and negotiated per transaction rather than publicly disclosed. The SVM Securitisation Vehicles Management S.r.l. subsidiary — wholly-owned and structured as a bankruptcy-remote vehicle backed by a Dutch foundation — provides lower-cost quotaholder services for Italian Law 130/99 SPVs. Long-tenured regulatory qualifications, the S&P STRONG ranking, and embedded relationships across Italian and European structured finance participants constitute the company's principal bases of differentiation.

Name

Securitisation Services

Legal name

Securitisation Services S.p.A.

Website

https://securitisation-services.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

Securitisation Services S.p.A., founded in 2001, is an Italian financial services firm specializing in servicing, administration, and monitoring of securitisation, covered bond, and structured finance transactions for banks, investment banks, funds, and institutional investors.

Ownership category

akta.pro rank

Product category

Structured Finance Servicing

NAICS

Miscellaneous Intermediation (523910), Finance and Insurance (52)

SIC

Asset-Backed Securities (6189)

akta.pro primary industry

Securitization Administration & Deal Services (Trustee, Custodian, Paying Agent) (FSALAFAK)

akta.pro secondary industry

Securitization & Loan Trading Enablement (Whole Loan Sales, ABS Data/Reporting) (FSAGAHAK)

Keywords

• Securitisation services
• Structured finance transactions
• SPV management services
• Master servicer ABS
• Covered bond administration

Headquarters

HQ city

Conegliano

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Services - Servicer/Master Servicer: Fees for acting as Servicer, Master Servicer, Primary Servicer, or Back-Up Servicer in securitisation transactions. Services include collection of transferred receivables, cash and payment services, and regulatory compliance tasks.
2. Corporate Servicer Services: Corporate services including domiciliation, registered office, statutory books maintenance, bookkeeping, tax and VAT compliance, and reporting to authorities.
3. Calculation Agent and Cash Management: Fees for calculation agent services including payment reports, investor reports, and cash management of SPV accounts.
4. Representative of Noteholders/Trustee Services: Legal representation services for ABS noteholders or covered bond holders, including coordination of investor actions and protection of noteholder rights.
5. SPV Incorporation and Management: Services for setup and accounting, administrative and tax management of special purpose vehicles, including independent directors and quotaholder services through SVM Securitisation Vehicles Management S.r.l.
6. Advisory Services: Advisory on operational impacts, internal reporting and monitoring procedures, IT and accounting implementation, and quantitative portfolio analysis.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Securitisation Services is an independent financial services organization that manages and monitors securitisations, covered bonds, and structured finance transactions. It delivers the full range of services required by originators, arrangers and investors, including Special Purpose Vehicle (SPV) incorporation and corporate servicing, Servicer/Master Servicer functions, Calculation Agent and Programme Administration, Cash Management, Representative of Noteholders/Trustee, Loan Agency and Advisory services. It operates as a one-stop-shop for the Italian Law 130/1999 structured finance market.

Product overview

Securitisation Services provides a comprehensive one-stop-shop platform for managing and monitoring securitisations, covered bonds, and structured finance transactions. The core offering consists of SPV setup and management services, Master Servicer/Servicer functions, Calculation Agent, Cash Management, Trustee/Representative of Noteholders, and Loan Agency Services. The company supports a wide range of transaction types across multiple asset classes including CDO/CBO, Commercial Mortgage Loans (CMBS), Consumer Loans, Covered Bonds, CQS/CQP (salary-backed loans), Infrastructure, Lease Receivables, Loans to SME, Non-Performing Loans (NPLs), Project Bonds, Public Administration Receivables, Residential Mortgage Loans (RMBS), and Trade Receivables. All services prioritize service quality, efficiency, and transparency with a reputation for integrity in the structured finance industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Special Purpose Vehicle (SPV) Services
• Servicer and Master Servicer
• Calculation Agent and Programme Administrator
• Cash Manager
• Representative of Noteholders / Trustee
• Loan Agency Services
• Management and Reporting
• Advisory Services

Quantifiable outcome

• STRONG rating from S&P as Master Servicer - maximum achievable ranking in S&P worldwide ranking since 2012
• +1 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• SVM Securitisation Vehicles Management S.r.l.coreOthersSubsidiary company providing SPV quotaholder services. SVM is a special purpose company whose exclusive corporate objective is to hold shares or quotas of SPVs. It is a 'bankruptcy remote' company financed through limited recourse loans only and is fully owned by a Dutch foundation. Provides cheaper alternative to Dutch foundations or trusts for Italian Law 130/99 SPVs.
• Standard & Poor's Ratings ServicescoreOthersRating agency providing ongoing evaluation of Securitisation Services' structure and operational model as Master Servicer. Has awarded the company 'STRONG' ranking (maximum achievable) since 2012 for Master Servicer of ABS, CMBS and RMBS receivables in Italy.
• Major Financial InstitutionscoreOthersExtensive network of contacts with major financial institutions developed over years of operation. These institutions are clients for securitisation and structured finance transaction services.
• Investment BankscoreOthersNetwork of relationships with investment banks that serve as arrangers, lead managers, and underwriters in securitisation transactions where Securitisation Services provides professional services.
• International and Local InvestorsminorOthersInvestors in ABS, covered bonds, and structured finance products who benefit from professional servicing, investor reporting, and representation services.

Scale indicators5 records

Recent moves1 record

Expansion highlights6 records

Direct peers

• IQ-EQ: Investor services and corporate services firm providing SPV administration, corporate directorship, accounting, and reporting for structured finance transactions across Europe. Directly comparable service mix to Securitisation Services' corporate servicer and SPV management lines.
• Apex Group: One of the largest global fund and corporate services administrators following the acquisitions of MUFG's HedgeFund Investor Services and Sanne Group, offering SPV administration, depositary, and trustee services. Direct peer in the SPV and securitisation administration market across Europe.
• Maples Group: Law-firm-led provider of fiduciary, fund administration, and SPV services in Cayman, Ireland, Luxembourg, and other key structured finance jurisdictions. Comparable to Securitisation Services on SPV management and trustee-style services, primarily serving European cross-border deals.
• Citco Group of Companies: Global corporate and fund services provider offering SPV administration, corporate secretarial, and accounting services to structured finance clients. Comparable to Securitisation Services on SPV management and corporate servicer mandates, with broader asset-class coverage.
• Intertrust (now part of CSC): Specialist in SPV administration, trustee, and corporate services for structured finance and capital markets transactions globally. Acquired by CSC in 2022 to form a leading private-market services platform; directly overlaps with Securitisation Services across trustee, calculation agent, and SPV management roles.
• Alter Domus: European-headquartered corporate services and fund administration platform with strong securitisation, private debt, and capital markets servicing capabilities. Directly comparable to Securitisation Services across SPV management, calculation agent, and reporting roles in Europe.
• TMF Group: Global corporate-services and SPV administration platform providing SPV management, directorship, accounting, and trustee-adjacent services across 80+ jurisdictions. Directly comparable to Securitisation Services' SPV, corporate servicer, and calculation agent offerings, though at much larger scale and broader geographic scope.
• Vistra: Global corporate services, fund administration, and SPV management provider with significant European presence. Directly comparable to Securitisation Services across SPV incorporation, directorship, accounting, and reporting for structured finance vehicles.
• Ogier: Law-firm-led fiduciary and corporate services group with strong Cayman, Luxembourg, and Irish capabilities in SPV administration and structured finance servicing. Comparable to Securitisation Services on cross-border SPV management mandates.

Others

• Banca Finanziaria Internazionale (Banca Finint): Parent banking group of Securitisation Services, providing structuring, advisory, and originator/arranger services for securitisation and structured finance transactions. Included because the parent supplies deal flow and ecosystem context that directly shapes Securitisation Services' mandate pipeline, even though it is not a competitor.

Market position

Strengths4 records

Weaknesses4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/securitisation-services-russia

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 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 Securitisation Services