Securitization: Establishing a Special Purpose Vehicle in Guernsey

This document provides an overview of establishing a special purpose vehicle (SPV) in Guernsey for securitization. It discusses that the SPV would be held by a charitable trust for off-balance sheet treatment. The SPV would require directors, administration services, and regulatory approval. Costs for establishing the SPV and trust are estimated, including incorporation fees, annual administration fees, and legal fees. Key steps for establishing the structure are outlined.