Unlocking new opportunities · Vehicles (SPVs), company administration, investor reporting and security trustee services. This also includes incorporation of the SPV as a limited

Unlocking new opportunities

Capital Markets Services with Intertrust

An international business sees the global picture, and combines that with local insights. With more than 1,700 professionals in 24 countries worldwide, we provide the regional knowledge and cultural understanding to help you succeed.

Every client is different. Our commitment is to take a personal, professional and partnership approach to your specific needs. Some of our clients ask for a single point of contact. In their time zone. Who speaks their language. Job done.

Others want us to team up with them within their organisation. Clients who increasingly look for partnership, commitment, sharing of resources and infrastructure. Above all, someone who understands. And that this can only come from experienced people who are committed for the long term. Knowing they’re in good hands, our clients have more time to focus on what really matters and what they need to drive their business forward.

We provide high quality trust and corporate services to multinational corporations, financial institutions, alternative investment funds and entrepreneurs from every corner of the world.

With our quality professional support, today it’s your turn to help you drive your business forward. Globally and locally.

Global reach. Local knowledge. Why is this important?

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Capital Markets Services

A collaborative processAt Intertrust we don’t just provide leading-edge management and administration services to capital markets transactions across the world. Our international team of structured finance specialists is in constant contact across our global network to share best practices and ideas. We help meet and exceed client expectations in tackling ever-shifting regulatory requirements, and improving transparency. Unlocking new opportunities in a dynamic landscape, we partner with clients in all jurisdictions to help drive their long-term profitability and growth.

With insight comes foresightWe understand like no other that because of the complex nature of Capital Markets structures, you need a high level of expertise on your team. One with the knowledge and insight to develop the foresight needed to see the results of your future decisions.

An expert teamRun by a committed team of highly accomplished professionals, Capital Markets Services is a specialised division of Intertrust, which offers management, trustee and administration services for a broad range of structured finance deals. Well known in the industry for their expertise and dedication, the team is committed to providing a personal and practical approach, dedicated to building long-term relationships with business partners in the structured finance area.

Our special purposeAs part of our services for capital markets transactions, Intertrust provides transaction management, directorships and corporate secretarial services to Special Purpose Vehicles (SPVs), company administration, investor reporting and security trustee services. This also includes incorporation of the SPV as a limited company and provision of a registered office. We can handle all the day-to-day operations of the SPV, including performance reporting and correspondence with third parties through clearing institutes and user restricted web portals.

Effective oversightBuilding on its extensive experience in other safekeeping roles and in financial administration, bank account management and reporting, Intertrust offers depositary services for non-financial fund assets as part of its integrated range of fund solutions.

Global and local best practicesOur specialists combine specific local knowledge with international best practices. Thanks to the experience gained in guiding sizeable transactions, with an ever-growing list of substantial asset backed securities under management, we can provide you the best possible service. Wherever in the world you’re active.

What you see is what you getIn this age of transparency, it’s important to provide accurate, valuable, actionable information and investor reports. We lead in adopting governance and compliance standards, as shown by our ISAE3402 Type II certification in larger jurisdictions.

Intertrust Capital Markets Services will be elaborated on in this brochure and include:

> SPV and trustee services> Cash bond administration and investor

reporting> Conduit and commercial paper services> Treasury management services> Depositary services

Shared intelligence is the bedrock of innovation

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At Intertrust, we help establish and maintain Special Purpose Vehicles (SPVs) through an integrated and professionally managed approach. While we happily take on managing the corporate administration, accounting and other back office requirements, our clients can focus on their core competencies of running their business. Our dedicated outsourcing service unlocks opportunities for a broad range of global clients and financial institutions across all major jurisdictions. They include private equity groups, international banks, investment managers, arrangers, originators, asset financiers and pension funds.

SPV services> SPV domiciliation, management and

directorships > SPV administration services, preparation

of annual accounts and consolidation reporting

> Portfolio data validation & management> Specialised services to securitisation and

structured finance SPVs (e.g. performing asset cover tests and waterfall calculations)

> Cash management, investor reporting and corporate accounting

> Handling of the day-to-day operations of the SPV, including management of bank accounts and correspondence with third parties

> Coordination of legal assistance and compliance with regulatory requirements

As part of our services for capital markets transactions, we have specialised teams ready to provide corporate, management and financial administrative services to SPVs. This includes incorporation of the SPV as a bankruptcy remote company and provision of a registered office. Our independent directors (personal and corporate, where permitted), have extensive legal, accounting, investment banking and industry experience.

Trustee servicesIn addition, Intertrust provides Trustee services:

> Acting as Share Trustee, Security Trustee and Note Trustee, according to the requirements of the transaction

> Provision of independent trustee responsible for serving the interest of note holders for public issues

> Relationship management with stakeholders, e.g. originators, lawyers, bankers, rating agencies, note holders and auditors

> Monitoring (counter-party) performance, key covenants tests and compliance pursuant to transaction documents

Swift and efficient SPV establishmentIntertrust has offices in every key jurisdiction for securitisation and structured finance transactions. In all of these jurisdictions globally favoured from a legal, tax and/or regulatory standpoint, our professionals are able to guide you through a quick and efficient process of setting up your (orphan) SPV structure.

SPV and Trustee Services

The Capital Markets Services of Intertrust covers approximately EUR 750 billion of structured transactions under management

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From the management and full ‘front to back’ administration of your in-house bank, to the netting and hedging of your pool’s consolidated cash flows, Intertrust has the experienced professionals, the robust automated systems, and the know-how to run your treasury centre in the most cost-effective and efficient manner possible.

Experienced, dedicated teamsOur highly valued investor reports, waterfall calculations and cash management procedures, as well as our automated asset cover testing in covered bond programs, are subject to external audit under ISAE3402 Type II certified procedures. Our experienced and dedicated teams can support you with preparing these in detail.

LoanbyLoan, a market leading data platform Established by Intertrust Group and Hypoport in 2011 with the aim to support transparency in the European securitisation market, LoanbyLoan is a platform for European securitisation data and provides a broad range of services to its clients. The platform contains ECB template compliant loan level data, investor reports, offering circulars and more.

LoanbyLoan services include:> Subscription management> Dynamic authorisation levels> Smart, secure encryption technology> Real-time data exchange with central

banks

The secured information is accessible for relevant market participants such as investors, rating agencies, regulators and originators. www.loanbyloan.eu

Cash Bond Administration and Investor Reporting

Conduit and Commercial Paper Services

Our financial governance team focuses on a broad scope of post-closing services, ranging from Asset-Backed Commercial Paper (ABCP) Conduit Administration to Collateral Administration.

Conduit Asset Administration As administrators, we have an increasingly important role and responsibility for the conduit’s strategic and day-to-day operation. Investors’ heightened interest in the assets held by conduits, and how administrators manage various exposures, serve as a reminder that the administration function should never be overlooked.

We provide a wide range of standard and bespoke services to suit specific needs of conduit administration, including:

> Arranging funding of the vehicle> Instructing funds movements> Ensuring fees are received and paid> Keeping transaction records> Monitoring bank account balances> Preparing and distributing monthly

performance reports, drawing on support facilities as required

> Monitoring compliance with legal documents

> Bookkeeping

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Treasury Management Services

Outsourcing treasury management to an experienced service provider like Intertrust can free up resources. This minimises the start-up and running costs of your treasury structure as well as guaranteeing continuity in treasury servicing.

Significant financial and time investmentFor most companies establishing and managing a (regional) treasury centre or in-house bank, requires a significant financial and time investment. Besides IT-systems, hardware and dedicated office space, a team of qualified treasury professionals must be put in place.

Wide and deepWe offer a wide range of treasury management services, including domiciliation and management of treasury companies and ‘in-house banks’, corporate and financial administration, a full cash management offering, Foreign Exchange (FE) hedging, liquidity forecasting and back office and payment services.

Front, mid, and back officesFrom a risk management perspective, a segregation of personnel between front, mid and back office is required, leading to increased personnel costs for what is typically not a full-time function. We provide seasoned treasury management professionals whose services are designed along functional lines of the front, mid and back offices in order to fit seamlessly into our clients’ organisational structure and treasury policy.

Services include:> Front office: cash management, cash

pooling, interest rate fixing, liquidity forecast & requirements assessment

> Mid office: full-scale, mid-office functions, performance and client reporting, mitigation of operational, regulatory and financial risk

> Back office: processing confirmations, payments, cash reconciliations, administration of cash pools, execution of loan agreements

Depositary Services

We offer depositary services to closed-ended real asset alternative investment funds, assisting our clients to comply with the new Alternative Investment Fund Manager Directive (AIFMD) in key jurisdictions, including The Netherlands and Luxembourg. The principle duties of the depositary are:

> Cash flow monitoring> Asset verification and Safekeeping

Along with various monitoring, checking and oversight tasks to identify and alert investors and regulators to anomalous transactions with material investor impact. This, all in accordance with the new requirements as set out in the AIFMD.

This document is provided by Intertrust for information purposes only and does not constitute an offer, invitation or inducement to contract. The information herein does not constitute legal, tax, regulatory, accounting or other professional advice and therefore one should seek appro priate professional advice before considering a transaction as described in this document. No liability is accepted whatsoever for any direct or consequential loss arising from the use of this document. The text of this disclaimer is not exhaustive, further details can be found at: www.intertrustgroup.com/disclaimer

Innovation in a compliance led market

Seamless closing of complex transactions

Some of our global credentials in Structured Finance

Director and Administrator for

Saecure Programme(Aegon)

RMBS> € 17 billion

from 2000

Corporate Services and Administrator for

Singaporean SPV

(Globally recognized Credit Card Brand)

ABS

Director, Administrator and AIFMD Depositary for

Nederlands Hypotheken Fonds(Dutch Mortgage Fund)

> € 2,4 billionfrom 2014

Director, Asset Cover Testing

SNS Covered Bond Programme(SNS)

> € 4 billionfrom 2007

Director, Company Administration and LoanbyLoan Reporting for

Hermes, Pearl, Lowland Programmes(SNS)

> € 25 billionfrom 1999

Director for

ABN AMRO

RMBS, SME,Covered Bond> € 16 billion

Corporate Services and Administrator for

Singaporean SPV

Revolving credit facillities to Public Listed REIT

SGD 5 billion

Director and Administrator for

Arena(Delta Lloyd)

RMBS> € 10 billion

from 2000

Director, Administrator and LoanbyLoan Reporting for

Bumper Programme(LeasePlan)

Car Lease ABS> € 5 billionfrom 2006

Setting the standard since 1952

Your success is our success. This begins with taking away the barriers and borders and working together in partnership for the same goals. Because each client is different, our philosophy is to take a personal, professional and partnership approach to each client relationship. It’s a level of integrated teamwork that has shaped our reputation as a leader in trust and corporate services for over 60 years. Thanks to our global team of over 1,700 people working from 33 offices in 24 countries, many clients consider us as an extension of their

own team. Even though we have over 17,000 clients we get to know each one. Personally.

Today it’s your turnWe’re ready to help you succeed, with a world-class team of professionals on call across the globe. We can arrange a face-to-face meeting anywhere in the world within 24 hours. Visit www.intertrustgroup.com for contact details or send an email to [email protected].

Setting the standard since 1952

www.intertrustgroup.com

What sets us apart is you