EBU Single Rulebook Q&A 25 November 2019 2019_5016 Compliance of the securitisation of residual values through expectancy rights (“Anwartschaftsrechte”) with the STS criteria for non-ABCP securitisation and for ABCP securitisation

Does a securitisation of residual values through expectancy rights qualify for STS in general in relation to non-ABCP securitisation and ABCP Securitisation (subject to compliance with all other STS criteria)? I. Introduction

Residual value is a common feature in European automotive and equipment finance.