STS Verification International GmbH
STS Verification International GmbH (“SVI”) is a third party authorised by the Federal
Financial Supervisory Authority (BaFin), acting as a Competent Authority pursuant to
Article 29 of the Securitisation Regulation, to verify compliance of securitisation
transactions with Articles 19 to 26e of the Securitisation Regulation. As such, SVI
provides independent and objective verification services for eligible securitisation
transactions under the European securitisation regulation framework.
The scope of the approval includes all asset classes for all countries of the European
Union (EU) for the transaction types ‘non-ABCP securitisations’ (see Articles 19-22 of
the Securitisation Regulation), ‘ABCP securitisations’ (on transaction and on
programme level, see Articles 23-26 of the Securitisation Regulation) and ‘synthetic
on-balance sheet securitisations’ (see Articles 26a-26e of the Securitisation
Regulation). Since its launch in 2019, SVI has successfully verified more than 375
transactions for more than 150 clients for various asset classes covering all three
transaction types.
SVI is a 100% subsidiary of True Sale International GmbH (“TSI”), an industry body
established in 2004 to foster the development of securitisation in the German and
European market. TSI is owned by 10 leading German and international financial
institutions.
Financial Supervisory Authority (BaFin), acting as a Competent Authority pursuant to
Article 29 of the Securitisation Regulation, to verify compliance of securitisation
transactions with Articles 19 to 26e of the Securitisation Regulation. As such, SVI
provides independent and objective verification services for eligible securitisation
transactions under the European securitisation regulation framework.
The scope of the approval includes all asset classes for all countries of the European
Union (EU) for the transaction types ‘non-ABCP securitisations’ (see Articles 19-22 of
the Securitisation Regulation), ‘ABCP securitisations’ (on transaction and on
programme level, see Articles 23-26 of the Securitisation Regulation) and ‘synthetic
on-balance sheet securitisations’ (see Articles 26a-26e of the Securitisation
Regulation). Since its launch in 2019, SVI has successfully verified more than 375
transactions for more than 150 clients for various asset classes covering all three
transaction types.
SVI is a 100% subsidiary of True Sale International GmbH (“TSI”), an industry body
established in 2004 to foster the development of securitisation in the German and
European market. TSI is owned by 10 leading German and international financial
institutions.