Insight
Overview of Structured Finance Operations
JEME is proud to present the latest paper from our legal department, exploring the key instruments and mechanisms of the structured finance market.
About This Paper
Structured Finance Operations
JEME is proud to present the latest paper from our legal department, titled 'Overview of Structured Finance Operations – Focus on Securitisations', prepared under the supervision of BonelliErede. This paper provides a comprehensive overview of the key aspects of structured finance operations, covering the main features at each phase and the parties involved.
The paper focuses on three of the most significant manifestations of structured finance: leveraged buyouts (LBO), project finance, and securitisation — providing clear frameworks for understanding each structure, its stakeholders, and the interests at stake.
Key Topics
Three Pillars of Structured Finance
01
Leveraged Buyout
Comprehensive analysis of LBO mechanics, deal structure, the roles of financial sponsors and acquisition vehicles, and the interplay between debt tranching and equity returns.
02
Project Finance
Key principles and risk allocation in project finance structures, covering SPV formation, concession agreements, and the distribution of risks among equity sponsors, lenders, and public counterparties.
03
Securitisation
The securitisation process from asset origination through tranching and credit enhancement, analysing the roles of originators, servicers, SPVs, and rating agencies in structuring ABS transactions.

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