Guide

Securitisation and Cayman Orphan
SPVs – Part Two

This article is the second in a series of three articles which examine the key features of a securitisation vehicle and the advantages of utilising an Orphan SPV in the Cayman Islands for a securitisation transaction. In the first article of the series Securitisation and Cayman Orphan SPVs – Part One, we briefly discuss what a securitisation is, the reasons for undertaking such a transaction and the key features and advantages of a Cayman Islands Orphan SPV. This second article will focus on the key considerations of a Cayman Islands Orphan SPV as it relates to a securitisation transaction and how to achieve bankruptcy remoteness.