Major German ABCP Conduit 1
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Major German ABCP Conduit 1

Peak funding for the conduit reached €7bn and covered special purpose vehicles securitising an array of trade receivables, notes and other investment securities


Internally maintained records were inaccurate and reporting was slow.


a major historical restitution process was undertaken, which included close liaison with the directors, management and administrators. The records of the conduit were restructured and the chart of accounts designed in such a way as to ease the group consolidation process. Role includes full responsibility for the monthly preparation of financial records for the purpose of group consolidation and internal control together with the year end statutory reporting and audit liaison process.


Month end reports are typically finalised within 3 days of month end and the statutory records finalised within weeks rather than months of year end.

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