contact of the assignment of receivables
sub-participation agreement concluded
agreement o subparticipation
umowa cesji wierzytelności umowa o subpartycypacje sekurytyzacja wierzytelności cywilnoprawne aspekty
Securitization, in practice one of the forms in which enterprises and public entities finance their activities, is a complicated operation consisting in the management of assets receivables by issuing securities. In this process an entity which is entitled to a particular receivable an asset concludes contract with an issuer — a special company or securitization fund — for the assignment of receivables, or a sub-participation agreement under which the rights from the securitized receivables are transferred to an issuer company or fund, which then emits securities. At a later time, it satisfies the claims contained in the issued securities from funds acquired from debtors of a pool differentiated in advance. The article presents the civil law aspects of these two types of contracts: contracts for the assignment of receivables, and sub-participation agreements. These contracts form the foundation of the entire securitization process. Their effects and the consequences of concluding them are also examined.
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Jul 19, 2023
Oct 28, 2020
Szydło, Wojciech Gniewek, Edward (1947- ). Red.