© 2026 Arizent. All rights reserved.

ABS

LordSPV establishes unit in Jersey

Published 2 Min Read

Lord Securities Corp. (LordSPV) and Jersey-based law firm Bailhache Labesse have recently formed a partnership enabling the two to offer multi-jurisdictional SPV administration, under the LordSPV banner.

For Lord, the relationship allows it to offer its ABCP clients a “one-stop-shop” solution for issuing paper in both the U.S. and European markets, as opposed to engaging multiple administrative entities. Lord has had an Australian-based entity for several years, which has allowed it the same capabilities in the U.S./Australian markets.

According to LordSPV President Dean Christiansen, the firm is in discussions with two clients interested in having access to all three markets. Lord is already administrator to several conduits that have access to both the U.S. ABCP market and the ECP market.

Mark Lewis, partner at Bailhache, said the firms are taking advantage of a trend toward conduits that can issue both ABCP and ECP – as well as purchase assets in both markets – which in the past might have required the conduit sponsor to engage two separate entity management firms.

Lewis indicated that there’s pipeline of new conduits fitting this profile, and hopes to close on the first multi-jurisdictional deals with new conduits in September.

The Jersey-based shop is called LordSPV Management (Jersey) and the trustee entity to the charitable remainder trust is Broadsheet Contract Services (Jersey) Limited.

http://www.asreport.com

For reprint and licensing requests for this article, click here.

More From Asset Securitization Report

Whispers: January 14, 2008

Citigroup appointed Bill Beckmann to create a new division for Citi’s U.S. residential mortgage business. The new unit will include origination, servicing and capital markets securitization execution. Beckmann will still report to Carl Levinson, who now heads up the U.S. consumer lending group, and to Jamie Forese, who is co-CEO of markets and banking. In […]

CSC Introduces New Securitization Services Subsidiary

Corporation Services Co. entered the securitization services playing field last week, when it launched a new subsidiary, CSC Securitization Services. Richard Taiano is set to head the operations for the team. Coming into what industry professionals regard as a niche market, Taiano said CSC plans to gain market share over its competitors by building an […]

The E.U. prospectus directive and the Channel Islands Stock Exchange

By Mark Lewis, partner, Bailhache Labesse and director, LordSPV Management (Jersey) Ltd. The Channel Islands Stock Exchange is reporting an increase in demand for new listings as promoters, managers and issuers take stock of the implications of the implementation of the E.U. Prospectus Directive. The E.U. Prospectus Directive will come into force on July 1. […]

Whispers

Susan Hindle Barone was hired by Credit Suisse First Boston to head its London-based European commercial paper origination group, taking over the duties of Louise Mason, who has moved to the ABCP conduit group. Barone previously worked at Goldman Sachs, where she was responsible for investor marketing. Although Barone reports to Zahra Peerbhoy, she will […]

ABN AMRO buys Lord Aussie unit

ABN AMRO has purchased the Australian SPV administrative arm of LordSPV from Lord Securities, forming a new unit called ABN AMRO SPV Management. Previously named ABN AMRO Trustees, the new entity has retained Lord Australia’s management team. ABN AMRO Trustees is the international arm of US-based LaSalle Bank’s Global Securitisation Trust Services (GSTS) group. LaSalle […]