ARTedyX External SPV

External SPV for true‑sale bank assets — Frankfurt Quotation Board listing readiness

Technology & data sponsor: ARTedyS R&D

What we do

We operate an external, off‑balance‑sheet SPV that acquires performing bank assets by true sale. Banks benefit from risk‑weighted assets (RWA) / CET1 relief; professional investors receive fixed coupons funded by underlying cash flows.

Program: fixed‑coupon notes for professional investors. EU: MiFID II professional clients; non‑U.S. tranches may be offered under Reg S. U.S.: Accredited Investors (Reg D) and/or Qualified Institutional Buyers (Rule 144A); with New York registration or Blue‑Sky filings where applicable.
Venue: Deutsche Börse — Frankfurt Quotation Board (Open Market).
Plumbing: Specialist inclusion for liquidity; ICSD settlement (Euroclear/Clearstream) via paying/listing agent.

How each deal is built

Assets: granular SME / consumer / leasing / trade‑finance; all performing.
Protections: 5–15% over‑collateralisation, liquidity reserve, simple waterfall, performance & coverage tests, back‑up servicer.
Governance: independent director, external counsel & auditor, regulated service providers.
Reporting: monthly/quarterly pool factors, stratifications, OC tests, and cash waterfall.

For regulated service providers

We align the eListing checklist with Specialists, arrange paying/listing‑agent onboarding, and set up ICSD eligibility.

Get the eListing checklist

For professional investors

On request: 1‑page term sheet, structure chart & waterfall summary, and admission pack outline. Audience: EU MiFID II professional clients and U.S. Accredited Investors / QIBs. No retail communication.

Request materials

Benefits for originating banks

Capital relief: transfer of performing exposures to an external SPV reduces RWAs and supports CET1 optimisation (subject to regulatory treatment).
Balance‑sheet flexibility: true‑sale execution, standard servicing with back‑up, and simple cash waterfall.
Speed to market: Frankfurt Quotation Board admission with Specialist inclusion and paying/listing‑agent onboarding.
Operational integrity: independent director, external counsel & auditor; investor reporting with pool factors and OC tests.

What professional investors receive

Instrument: fixed‑coupon notes, professional/eligible counterparties (incl. accredited where applicable).
Settlement: ICSD (Euroclear/Clearstream) via paying/listing agent; Specialist‑supported liquidity.
Transparency: monthly/quarterly reporting packs: pool composition, stratifications, performance and coverage tests, OC levels, and cash waterfall.
Structure: over‑collateralisation and liquidity reserves targeting stable cash flows.
Risks: credit/servicer performance risk; pool performance variability; structural features may defer or reduce coupons/principal.

Governance & key roles

Issuer: ARTedyX External SPV
Independent director
Paying / Listing Agent
Specialist (Frankfurt Quotation Board)
Servicer & Back‑up Servicer
Calculation Agent
Security / Trustee (if applicable)
External Counsel & Auditor
Technology & Data Agent: ARTedyS R&D — AI platform with the contracted Servicer that legally handles cash collections, arrears, and waterfall.

Execution process

Bank pool identification and indicative selection criteria.
Term sheet, structure chart and protections (OC, reserves, waterfall).
Paying/listing‑agent onboarding; Specialist filing; ICSD eligibility.
Legal and audit confirmations; governance appointments.
Admission to Frankfurt Quotation Board (Open Market).
Ongoing servicing and investor reporting (monthly/quarterly).

Contact

Email: cristian.beza@artedyx.com
Phone: +33 6 23 53 04 34
LinkedIn: /in/cristianbeza

This site provides general information for institutional and professional audiences. EU distribution is intended for MiFID II professional clients (and, where relevant, under Regulation S). In the United States, materials are intended for Accredited Investors under Regulation D and/or Qualified Institutional Buyers under Rule 144A, or pursuant to registration (including New York) where applicable. Nothing herein is investment advice or an offer; any investment is made only on the basis of final documentation.