Major German ABCP Conduit 2

€10bn asset backed securitisation program investing across a range of debt securities, receivables and reference pools of receivables.

Issue

Records had fallen into disarray.

Solution

A significant level of analysis and close examination of records was required, highlighting historical errors in the classification of financial assets/liabilities and with regards to the reconciliation of intercompany funding balances. Role included the restitution and ongoing maintenance of the interim and year end financial reporting records.

Currently

Having correctly restated the historical records of the group, collaborated with the client team to develop the accounting and processing models adopted by the group for the closure of new deals and funding structures. Continued responsibility over many years for all aspects of management reporting, statutory accounts preparation and audit liaison.