Risk Transfer of Residential Mortgage Assets from HypothekenZentrum (“HZ”) to St.Galler Kantonalbank (“SGKB”)
Swiss Capital Corporate Finance advised HypothekenZentrum AG (“HZ”)
Risk Transfer of Residential Mortgage Assets from HypothekenZentrum (“HZ”) to St.Galler Kantonalbank (“SGKB”)
Sector(s) : Financial services
Date : May 2010
Advisor(s) : Swiss Capital
Advised : Structured Financing
Mid-Capital partner Swiss Capital Corporate Finance advised HypothekenZentrum AG (“HZ”)
HypothekenZentrum AG (“HZ”), a fully owned subsidiary of listed Swiss financial services firm VZ Holding AG, is a leading service business in the Swiss residential mortgage market. HZ offers services to businesses and private individuals. For business clients it offers leading edge services in mortgage origination, mortgage servicing and in mortgage risk transfer.
Due to an ongoing and growing demand for residential mortgages, HZ was looking for a new risk carrier to meet this increasing demand.
Swiss Capital Corporate Finance AG acted as sole financial advisor and arranger to HZ on a long-term structured credit risk transfer program to St.Galler Kantonalbank (SGKB) as a new risk carrier. The program allows for a risk transfer of mortgages with an overall volume of up to CHF 500 million.
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