The securitisation product line of the Global Markets division (GMD) offers origination and structuring of secured financing solutions for Crédit Agricole CIB and Crédit Agricole Group clients, via asset or cash flow based structures refinanced by financial products.
Our customised securitisation solutions
The Bank offers structured financing and risk management solutions tailored to the needs of our clients, based on a variety of assets or cash-flows:
- Trade receivables;
- Financial assets (e.g. car loans and leases, consumer loans, credit card loans, home loans, solar loans);
- Operating Assets, including rental vehicle fleets, air or rail transport assets, solar and other energy transition assets; and
- Infrastructure assets (for project bonds and private placements).
These financing structures are mainly refinanced by three major asset-backed commercial paper (ABCP) conduits, sponsored by Crédit Agricole CIB (rated A1/P1/F1+, LMA in Europe, ATLANTIC and LA FAYETTE in the United States), or directly via asset-backed securities (ABS), structured and placed on the capital markets.
Our presence in the world
The securitisation business has experts based in Paris, New York, Milan, and São Paulo, to meet the financing needs of the Group’s clients in Europe and the Americas. The Bank also supports our multinational clients as they expand in Asia through securitisation programmes, including portfolios of Asian debtors.
Crédit Agricole CIB’s recognised expertise in securitisation products
Thanks to our worldwide franchise, Crédit Agricole CIB’s securitisation business has built a solid reputation and a high standing in the implementation of private securitisation programmes and public and private ABS issuances.
The Bank consistently ranks at the top of Euro ABS league-tables, including:
#2 Euro ABS league-tables in 2022 and H1 2023
#4 US aviation ABS league-tables, in aggregate 2012 to H1 2023
#3 railcar ABS league-tables, in aggregate 2012 to H1 2023
Our main conduit, LMA, ranked as the first largest multiseller ABCP conduit according to the last worldwide ABCP league table of Moody’s (Q2 -2023). Through its three ABCP conduits, Crédit Agricole CIB is the world’s third largest sponsor of ABCP programmes.
Green, social and sustainability-linked securitisation
With the support of Crédit Agricole CIB’s Sustainable Banking team, the securitisation product line offers a full service to originators and sponsors considering a sustainability linked securitisation.
It has developed a strong expertise in inaugural securitisations aligned to the Sustainability Linked market standards for financial institutions and corporates across asset classes and geographies.
Green Asset-backed Commercial Paper (ABCP) programme
In 2020 Crédit Agricole CIB structured the first green ABCP backed by trade and auto loan/lease receivables contributing to the energy and environmental transition. Since then, LMA and ATLANTIC issue green CP (Commercial Paper) on the European and US markets.
These issuances are aligned with market principles (Green Securitised Bond in Appendix 1 of the 2021 Green Bond Principles) and with the Schedule 1 of Crédit Agricole Group Green Bond Framework.