ABS of multiple banks' trade finance assets via Trade MAPS programme

Dec 2013: An innovative and global programme that allows multiple banks to sell their trade receivables to a central issuer of ABS. Citi and Santander sold their recivables in this $1bn issue

Paul Kruger, the Partner that led the Linklaters team, commented that “In my 25 years of executing asset-backed transactions, Trade MAPS is by far the most innovative and complex. We brought together complex tax, legal and regulatory issues and helped design and structure a dynamic funding platform that met the banks’ objectives”.

Details here