Securitisation
The group's core structuring discipline: converting claims and receivables into financeable, tradable form.
Securitisation pools income-producing assets - loans, receivables, or other contractual claims - and repackages them into securities that can be funded or sold to investors. The mechanism isolates the credit risk of the originator and opens funding that the underlying assets alone could not reach.
How a structure is built
- Origination. Identifying the pool of claims or receivables to be financed.
- Pooling. Aggregating assets with similar characteristics into a defined portfolio.
- Special-purpose vehicle. Transferring the pool to a separate legal entity that isolates it from the originator's balance sheet.
- Issuance. The vehicle issues asset-backed instruments, structured into tranches by risk and return.
- Servicing. Payments on the underlying assets pass through the vehicle to the holders of the instruments.
Why counterparties use it
Securitisation transfers risk off the originator's balance sheet, turns illiquid claims into tradable instruments, and can relieve regulatory capital. For investors, it offers access to a defined pool of assets across a range of risk and return profiles.
Beaufort's focus
Beaufort structures these instruments for sovereign and corporate counterparties, including resource-backed structures where the underlying claim is tied to a defined revenue stream. The discipline carries real complexity, and Beaufort treats transparency in the structure as a condition of doing the work, not an afterthought.