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Credencials

Santander de Titulización SGFT, SA is the oldest Securitisation Fund Manager in Spain.

Santander de Titulización S.G.F.T., S.A was established in 1992, and it is the oldest Securitisation Fund Manager in Spain.

Santander de Titulización SGFT, SA structures all type of securitisation funds

Santander de Titulización S.G.F.T., S.A structures all type of securitisation funds: opened, closed, public and private. The assets are granted by several originators (Banco Santander, UCI and Santander Consumer Finance) and they have different typologies (mortgage loans, non-mortgage loans, credit lines to individuals, SMEs and/or large enterprises) that are structured as RMBS, SME’s , Enterprises, Consumer, CLO's and ABCP conduits.


Santander de Titulización SGFT, SA structures and manages the sole ABCP program in Spain

Santander de Titulización SGFT, SA structured in 1998 the first Asset Back Commercial Paper (ABCP) in Spain, Santander FTA 1. In 2008, it structured a second ABCP program, the Santander 2 FTA, which currently manages and renews, at the CNMV, on an annual basis.

Its main activity consists of the purchase of commercial paper granted by Banco Santander to small / medium enterprises through the issue of ABCP.


Santander de Titulización SGFT, SA is pioneer

Santander de Titulización S.G.F.T., S.A arranged the first securitisation fund in Spain, Hipotebansa 1 in July 1993.

In 1998, it structured the first ABCP program in Spain.

In January 2011, it was the first Securitisation Fund Manager in Spain to securitise credit lines granted by Banco Santander to SME’s.

In May 2017, Santander de Titulización S.G.F.T., S.A structured the first synthetic securitisation fund under the Law 5/2015, through the FT Pymes Magdalena fund.


Santander de Titulización SGFT, SA structures and manages synthetic securitisation, FT Pymes Magdalena

FT Pymes Magdalena is the first synthetic securitisation fund structured in Spain under the Law 5/2015, supervised by the CNMV and whose bonds are listed in an organized market (MARF). It is a private securitisation fund that sells protection to Banco Santander through a CDS over a SME’s portfolio. It also issues notes which transfer the credit risk of the collateral to the investors.


Santander de Titulización SGFT, SA Outstanding Balance 2016

As of December 31st, 2016,  Santander de Titulización SGFT, SA manages 45 securitisation funds,  which represents an outstanding balance of securitisation bonds of EUR 35.241,18 million.