Cases & Deals

Natixis completes private French consumer loans assets-backed securitisation for Younited

Clients Natixis

Jones Day acted as legal counsel to Natixis, as arranger and senior investor, in connection with a private French consumer loans assets-backed financing through the establishment of a French fonds commun de titrisation (FCT) Youni ABF-1. The underlying assets were composed of French and German consumer loans receivables originated by Younited S.A. and transferred in full title to Youni ABF-1 by way of financial collateral arrangement governed by articles L.211-38 et seq. of the French Monetary and Financial Code implementing the implementing the Directive 2002/47/EC of the European Parliament and of the Council dated June 6, 2002 on financial collateral arrangements (the Collateral Directive).