NautaDutilh is the market leader in structured finance transactions and has extensive experience in structured finance, including in numerous securitisations and covered bond programmes, conduit asset backed and commercial paper programs, originate to distribute platforms and loan portfolio sales. The team fulfils a pivotal role in the domestic market and an important role in pan-European transactions. As a result, we are able to find and adapt solutions that meet our clients’ expectations time and time again, as evidenced by our track record as drafting counsel of these different types of transactions, programs and platforms.
Our experience enables us to work more efficiently than others, both in time and solving issues. In addition, the combined Dutch, Belgian and Luxembourg NautaDutilh teams have assisted in many successful Benelux and Pan European transactions and can assist you with a seamless team covering all required jurisdictions with the highest quality.
NautaDutilh has set up the first securitisation in the Netherlands in 1996 and have since then maintained a position as undisputed market leader in securitisation transactions. Our track record includes transactions such as Arena, Aurorus, Bastion, Cartesian, Chagoi, Delphinus, DMPL, Dolphin, DRMP, Dutch MBS, Essence, Hypenn, Magoi, Ochiba, Orcinus, Lowland, Sinopel, Sound and SRMP, the first Dutch STS transaction transactions and many other similar transactions, including private warehouse transactions.
NautaDutilh has extensive expertise with the sale and transfer of larger and smaller portfolios of mortgage loans, consumer loans and other assets, both on the sell as the purchase side. Examples of transaction where we either completed the sale for the seller or acquired the portfolio for the bidder are, sales by a.s.r. to Achmea, a transfer of a large Athora loan portfolio, the DSB portfolio, the transfer of RNHB to Carval, a transfer of Obvion to Achmea, a transfer of Rabobank to SRLEV and numerous other smaller and larger transactions in the recent past.
NautaDutilh also frequently assists in pan-European factoring and similar programmes in which Dutch assets are part of a funding transaction for large European companies with branches in many jurisdictions, including the Netherlands, Belgium or Luxembourg. The Structured Finance team has extensive knowledge and dedication to provide the highest quality and efficiency.
NautaDutilh has in-depth-experience with Covered Bonds and set up the first covered bond programme in the Netherlands, the EUR 40,000,000,000 ABN AMRO Bank Covered Bonds Programme, and all Dutch conditional pass-through covered bond (CPTCB) programmes, including the international IFLR award winning NIBC CPTCB programme,and set up the large majority of the soft bullet covered bond (SBCB) programmes in the Netherlands including those of Achmea Bank, Aegon Bank, Rabobank, Nationale-Nederlanden Bank, NIBC Bank, de Volksbank and Van Lanschot Kempen. The team has assisted the Dutch Covered Bond Association with the European Covered Bond legislation and the Dutch implementation thereof.
NautaDutilh is a key player and has broad and extensive corporate and regulatory knowledge on the legal ESG and Taxonomy developments in the Netherlands and Europe and has worked on several sustainable features for financial clients and assisted in multiple issues of greed bonds. It has in-dept knowledge of Green Frameworks, the ICMA Green Principles and the EUR Green Bonds Standard.
Furthermore, NautaDutilh is an affiliate member of the Energy Efficient Mortgage HUB, which is an initiative of key stakeholders in the Dutch residential mortgage market for acceleration and adaptation of energy efficient housing. See also https://energyefficientmortgages.nl/.
NautaDutilh has a comprehensive history with implementing various (investor) initiatives which enable institutional investors to directly or indirectly invest in Dutch residential mortgage loans, buy-to-let loans and consumer loans as well as platforms providing for innovative ways of origination of such loans by alternative investors, such as 'Dynamic Credit BijBouwe', 'Elan Hypotheken', 'Venn Hypotheken', 'Lot Hypotheken', 'Iqwoon', 'Attens', 'ASR', 'Robuust Hypotheken', 'Dynamic Credit buy-to-let', 'MUNT Hypotheken', 'Oberon', 'HollandWoont', 'Vrij Leven Hypotheek', 'VISTA', 'Woonnu', 'Clarian Wonen', 'Build' and 'Achmea Centraal Beheer Leef Platform' and some non-public or pending others. In all these projects the team acted as structuring partner and drafting counsel.
The team also assisted with the first take outs in the Netherlands by tailoring OTD- platforms for (STS) (warehouse) securitsations and covered bonds, including the Cartesian programme and the Bastion transactions.
Next to being drafting counsel to all our international and domestic clients within the financial sector in bilateral, non-disclosed portfolio transfers and whole loan investment mandates.
Recent public highlights of our Structured Finance team: